Posted 12/8/2023, 9:10:01 PM
Stocks Rise on Strong Jobs Data; UK to Review Microsoft-OpenAI Deal
- Stocks rose on Friday as strong November jobs report signals economy may be landing softly; Dow, S&P 500, and Nasdaq all gained around 0.4%
- UK regulator to review Microsoft-OpenAI partnership for potential antitrust issues after AI buzz lifts tech stocks
- Apple plans major iPhone production expansion in India over next 2-3 years, aiming for 50M phones annually
- Tesla stock could surge if Musk steps away from Twitter distraction, analysts say
- Hotter jobs data lessens odds of Fed rate cuts in early 2024; traders trim bets on January and March decreases