tech
Tech stocks rebound, Google's boomerang strategy, Xbox's slump and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
TL;DR
- Tech stocks, including Oracle, Nvidia, and AMD, saw significant gains late last week.
- The S&P 500 and Nasdaq Composite ended the week in positive territory.
- The Dow Jones Industrial Average lagged due to a sharp decline in Nike's stock.
- The Justice Department released some investigative files related to Jeffrey Epstein.
- Google is rehiring former employees for its AI teams, with Josh Woodward leading Gemini.
- Waymo, Google's driverless ride-hailing service, temporarily suspended operations in San Francisco.
- There's a growing awareness among executives about the potential negative impact of social media missteps.
- Supplement brands are releasing holiday-themed products to boost sales.
- Microsoft's Xbox faces scrutiny amid layoffs, studio closures, and price increases.
- Upcoming economic data includes Real GDP and consumer confidence; the stock market will have an early close on Christmas Eve and be closed on Christmas Day.