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Broadcom Earnings Propel Nasdaq Amid Rising Treasury Yields and Mixed Market Performance

Stocks opened higher but closed mixed as rising Treasury yields dampened early enthusiasm. The Dow fell 0.2% for its seventh consecutive loss, while the Nasdaq gained 0.1%, buoyed by Broadcom's 24.4% surge after strong earnings and a dividend hike. RH and Costco also reported solid earnings, with RH stock up 17% and Costco rising 0.1%.
Kiplinger.com
NVIDIA Corporation COSTCO WHOLESALE Broadcom Inc. Meta Platforms, Inc. USA Louis Navellier Corey Tarlowe Timothy Arcuri Gary Friedman Show more
Finance & Economy, Market Report
22:11 13.12.2024

stock market gains led by broadcom and rh earnings surprise

The stock market showed positive momentum, particularly in the tech sector, with the Nasdaq hitting a record high, bolstered by Broadcom's strong performance and AI-related stocks. RH surged nearly 14% after reporting a profit reversal and raising revenue guidance, although some gains may be attributed to short covering. Meanwhile, the S&P 500 and Dow experienced slight declines, and the 10-year Treasury yield rose ahead of the upcoming Federal Reserve meeting.
Investor's Business Daily
United States Dollar Arista Networks Inc RH Arm Holdings plc NVIDIA Corporation COSTCO WHOLESALE Marvell Technology, Inc. Broadcom Inc. AMERICAN EXPRESS USA Ken Shreve Gary Friedman Show more
Finance & Economy, Market Report
16:23 13.12.2024
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