Record highs for U.S. stock market indices fueled by AI investments and Fed rate cut hopes. Netflix soars, Tesla struggles, and Microsoft hits $3 trillion.
Stocks mixed in New York, with investors assessing mild inflation report and strong personal spending figures. Short-term Treasury yields rise, tech stocks lag, and Bitcoin surges 4.9%. Intel stock falls 12% despite positive earnings, while semiconductors sell off.
ECB President Christine Lagarde challenges the traditional recession definition, focusing on robust labor markets despite potential negative growth in the Euro Area.
Set for release at 8:30 a.m. ET Friday, the Bureau of Economic Analysis will unveil the Personal Consumption Expenditure (PCE) price index report for December. This index is also referred as the Federal Reserve's favorite inflation gauge, heavily influencing their monetary policy decisions in the coming months.
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