Dow futures are little changed after index posts longest losing streak since April: Live updates
Published On Dec 12, 2024, 6:03 PM
The stock market experienced a volatile session with the Dow posting its longest losing streak since April. Dow futures are little changed while S&P 500 and Nasdaq-100 futures showed modest gains. Broadcom reported strong earnings, particularly in its AI segment, leading to a 13% increase in its stock price. Additionally, RH (formerly Restoration Hardware) saw its shares rise by 17% thanks to positive revenue forecasts. Overall, the investing community is divided on whether the market has room for further growth, with some analysts cautioning about an overvalued market amid bullish sentiment.
Stock Forecasts
AVGO
Positive
Broadcom's significant growth in AI revenue indicates a strong demand for its products, positioning it well for future profitability and growth.
RH
Positive
RH's strong revenue growth guidance suggests strong consumer demand for high-end home furnishings, which may bolster its stock performance.
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