Posted 12/8/2023, 6:16:00 PM
Stocks Hold Near Highs as AI Chipmakers Rally and Jobs Growth Cools
- Stock market rally consolidates near 52-week highs; major indexes post modest weekly gains
- AMD and Google surge on big AI announcements, unveiling new chips to challenge Nvidia
- Jobs report shows continued cooling in hiring and wage growth despite low unemployment
- Treasury yields rebound on better-than-expected jobs data; oil bounces after hitting multi-month low
- Additional stock movers Tesla delivery outlook, MongoDB crushes earnings but stock plunges, Toll Brothers sees record high on housing outlook