Index Rebounds After Encouraging Inflation Data | Global News Avenue

Major U.S. stock indexes were higher on the final day of a tumultuous week for markets.

Friday’s gains are the latest Personal consumption expenditures (PCE) The data – a gauge of inflation closely monitored by the Fed – shows Price growth slowed in November Compared to last month. The data was welcomed by investors hoping for a signal that the Federal Reserve would cut interest rates further in 2025, following this week’s cut.

The S&P 500 rose 1.1%, recouping some of its losses earlier in the week as the Federal Reserve remained cautious about policy moves next year. The Dow and Nasdaq rose 1.2% and 1% respectively.

Shares of solar technology provider Enphase Energy (ENPHThe company’s shares rose 8.6%, becoming the biggest gainer on the S&P 500, after OTR Global upgraded its view on the stock to “mixed” from “negative.” According to the market research firm’s channel survey, Enphase is benefiting as rival SolarEdge (SEDG) saw a decline in U.S. solar string inverter orders. Earlier this week, Enphase launched its home battery system in India.

Palantir Technology (PLTR)’s shares rose 8.5%, continuing that rise, with the big data analytics company’s shares now up about 369% in 2024. Palantir said earlier this week, Extend contract with U.S. Armywhich uses the company’s artificial intelligence (AI) software to help speed up critical decision-making processes. Palantir stock is set to Join the influential Nasdaq 100 Index next week.

competition group (MTCH) shares rose 6.7% on Friday, rebounding from losses earlier in the week following downgrades from Jefferies and Morgan Stanley. While analysts are concerned about the growth of Tinder, the largest platform among online dating companies, recent wall street journal The report highlights the investments being made to improve the user experience of the app, noting that lowering expectations can provide Match with some flexibility to execute a turnaround plan.

Cruise operator Carnival (copper clad laminate)release Fourth-quarter profits beat expectationsdriven by year-over-year growth in passenger ticket, in-flight and other revenue. The company expressed optimism for 2025, noting that sailing bookings in the fourth quarter of next year are still ahead of the same period last year despite lower available inventory. Carnival shares rose 6.4% on Friday, while shares of Norwegian Cruise Line Holdings (NCLH) increased by 5.9%.

Medical device manufacturer Dexcom (DXCM) this week added a feature to its over-the-counter blood glucose monitor that uses generative artificial intelligence to provide patients with personalized health tips. Dexcom shares rose 5.6% on Friday after a report from Zacks Equities Research noted that upbeat earnings and revenue growth expectations could help support the stock’s strong returns in 2025.

Tesla (Tesla) shares ended a tumultuous week of trading, falling 3.5% daily, the S&P 500’s weakest performance. Automakers recalled about 700,000 vehicles in the United States on Friday to fix a problem affecting tire pressure monitors, leading to sluggish sales.

Package delivery giant FedEx (FDX) lowered full-year revenue guidance and announced Plans to spin off freight business. While FedEx shares were essentially flat on Friday, the announcement stoked concerns about the near-term performance of the less-than-truckload industry, weighing on other trucking stocks. Old Dominion Freight Line (ODFL) shares fell 3.4%.