Broadcom Earnings Propel Tech Gains Amid Inflation Worries
On December 13, 2024, US markets closed mixed, reflecting investor uncertainty ahead of the Federal Reserve meeting. The Nasdaq edged higher, supported by strong earnings from Broadcom, while the Dow slipped for the seventh straight day as inflation concerns weighed on sentiment. Retailer RH also delivered positive results, boosting the sector. Bond yields rose, reflecting fears of tighter monetary policy, while inflation data continues to drive cautious trading. In this episode of Market Deep Dive, we analyze the day’s key movements, earnings highlights, and the broader factors shaping market dynamics as year-end approaches.
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