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Bulls Go Black Friday Shopping
Stocks bounce back, crypto craziness continues, and the Stocktwits community nails the move in $SNOW.
NEWS
Bulls Go Black Friday Shopping
Source: Tenor.com
Big tech was the laggard today, but bulls managed their fourth straight day of gains despite Nvidia’s lackluster performance. Economic data remains more positive than negative, giving bulls confidence to continue pressing their bets into next week’s lower-volume holiday sessions. 👀
Today's issue covers “Magnificent Seven” laggard Google, MicroStrategy’s major reversal, and the Stocktwits community continuing to bet on Snowflake. 📰
Here’s the S&P 500 heatmap. 1 of 11 sectors closed green, with utilities (+1.76%) leading and technology (-0.26%) lagging.
Source: Finviz.com
And here are the closing prices:
S&P 500 | 5,949 | +0.53% |
Nasdaq | 18,972 | +0.03% |
Russell 2000 | 2,364 | +1.65% |
Dow Jones | 43,870 | +1.06% |
Most bullish/bearish symbols on Stocktwits at the close: 📈 $ESTC, $CTV, $CRNC, $BDRX, $RNLX 📉 $INTU, $MSTR, $CLSK, $RZLV, $IQ*
*If you’re a business and want to access this data via our API, email us.
COMPANY NEWS
Justice Department Goes After Google 🧑⚖️
Nvidia was the only “Magnificent Seven” stock to close in the green today, with Google leading to the downside following continued regulatory pressure. 🚨
The Department of Justice (DOJ) is calling for Google to divest its Chrome browser to put an end to its search monopoly. The proposed break-up would “permanently stop Google’s control of this critical search access point and allow rival search engines the ability to access the browser that for many users is a gateway to the internet.”
Shares of Google finally felt the pressure of the news today, renewing a focus on the mixed performance of several “Magnificent Seven” stocks recently. Tesla is the clear standout, with Trump’s win propelling the electric vehicle maker. Meanwhile, Apple, Microsoft, Google, and Meta are stuck awaiting a clear growth catalyst. ⏸️
Source: Koyfin.com
With mega-caps posting mixed performance and speculative behavior booming, the equity-market focus remains on small and mid-cap stocks that are playing catchup into year-end and 2025. 👀
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