Posted 12/1/2023, 10:10:00 PM
Stocks Hit New Highs as Fed Signals Rate Outlook Uncertain; Apple and Paramount Explore Streaming Bundle
- US stocks rose Friday, extending a 5-week winning streak, even as Fed Chair Powell warned it's "premature" to expect rate cuts or conclude hikes are over
- The S&P 500 and Dow hit new 2023 closing highs; Stocks posted their best monthly gains since 2022 in November
- Apple and Paramount are discussing potentially bundling streaming services in a discounted package
- Bitcoin extended its rally, approaching 19-month highs, as investors anticipate a crypto spot ETF approval
- Tesla delivered its first Cybertrucks but shares fell 2% Friday after CEO Musk cursed advertisers exiting Twitter; Base model costs over $60,000