S&P 500, Nasdaq edge higher after PPI data

With the anticipation of a 25 basis point rate cut next week and ongoing strength in tech stocks, investors could favor S&P 500 and Nasdaq-focused ETFs or individual stocks in the tech sector. This forecast is particularly strong due to the recent performance and upward trends seen in technology investments.

Considering the significant drop in Moderna's stock following its lowered revenue outlook and R&D budget cuts, investors should be wary of investing in MRNA at this time as it is likely to face continued pressure in the short term.

The potential joint development between GM and Hyundai may provide growth opportunities for selected automotive stocks, particularly if they successfully leverage economies of scale and innovate in electric vehicles. This could lead to a positive outlook for both companies.

Despite Delta's diminished earnings outlook due to unexpected events, the airline may still offer value as travel demand remains robust post-pandemic. However, investors should tread cautiously given the recent dip in share price.