Dow Jones Sets Record Close, S&P 500 Hits Intraday High Ahead of Christmas
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Source: Yahoo Finance
- Strong Market Performance: The Dow Jones set a record close ahead of the Christmas holiday, indicating investor confidence in economic recovery, which could lead to increased capital inflows into the stock market.
- S&P 500 Hits New High: The S&P 500 reached an intraday high, reflecting strong demand for tech stocks, particularly Palantir, Tesla, Google, and Nvidia, which may attract more investor attention.
- Buying Opportunities Emerge: Stocks like Palantir, Tesla, Google, and Nvidia are in buy zones, suggesting enhanced attractiveness of these tech giants in the market, potentially providing good investment opportunities for investors.
- Optimistic Holiday Outlook: With the holiday season approaching, market sentiment is optimistic, and investors are positive about market performance in the coming weeks, which could further drive stock market gains.
GOOGL
$314.09+Infinity%1D
Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOGL is 312.00 USD with a low forecast of 236.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
38 Analyst Rating
31 Buy
7 Hold
0 Sell
Strong Buy
Current: 314.350
Low
236.00
Averages
312.00
High
350.00
Current: 314.350
Low
236.00
Averages
312.00
High
350.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
