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market highlights as stocks reach new highs and key data releases await
Stocks reached new highs on Monday, with 99 S&P 500 stocks hitting peaks and the Russell 2000 up 11% in November. Key reports on home prices and new home sales are expected Tuesday, while software stocks, led by AppLovin and Palantir, show significant gains since the election. Retailers like Burlington and Dick’s Sporting Goods are set to report earnings, with mixed performance noted in the sector.
tock futures rise as dow hits record high amid leadership changes
Stock futures rose slightly on Monday following a record close for the Dow Jones Industrial Average, which gained over 440 points. The S&P 500 and Nasdaq 100 also saw modest increases, while Kohl’s shares fell 4% after announcing its CEO's upcoming departure. Investors are optimistic about the new Treasury secretary pick, Scott Bessent, as they anticipate potential market-friendly policies, although the impact may take time to materialize.
Buchanan appointed as new CEO of Kohl's replacing Kingsbury
Kohl’s has announced that Buchanan will succeed Kingsbury as CEO. This leadership change marks a significant transition for the company as it navigates its future direction. Further details on the transition and its implications are yet to be revealed.
retail earnings and tech reports set to impact market next week
Jim Cramer highlighted key earnings reports for the upcoming week, including those from Dell, CrowdStrike, and major retailers like Best Buy and Macy's. He advised investors to consider taking profits on volatile stocks and noted that the holiday season commentary could impact retail stocks. Additionally, the release of the personal consumption expenditures index on Wednesday may influence future interest rate decisions.
corporate giants lead record solar and storage investments in the us
US corporations are significantly investing in solar and energy storage, with Meta leading in solar capacity and Google in energy storage. The Solar Energy Industries Association reports nearly 40 GW of solar capacity and over 1.8 GWh of storage installed by companies like Amazon, Target, and General Motors, driven by incentives from the Inflation Reduction Act.
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