Posted 12/22/2023, 1:28:00 AM
Stocks Mixed Ahead of Inflation Data; Nike Plunges, Market Rebounds
- Dow Jones futures fell slightly overnight, while Nike stock plunged on mixed earnings.
- The stock market rally rebounded Thursday, with AAPL stock edging lower but major indexes closing at session highs.
- The Fed's favorite inflation gauge, the core PCE price index, headlines key economic data due Friday morning.
- Buying opportunities are limited right now, so it's a time to hold steady while awaiting the market's next move.
- Leading stocks like Microsoft and Novo Nordisk are still in position while others like Google and Carnival are clearing buy points.