Wall Street saves a weekly win, and one of our cyber stocks gets closer with Google
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks showed solid gains Friday afternoon, with the S&P 500 ending the week in positive territory.
- Technology and AI-related stocks rebounded after earlier anxieties about data center construction and funding.
- OpenAI is reportedly in the process of a new fundraising round that could value it at up to $100 billion.
- Palo Alto Networks and Google Cloud announced an expansion of their strategic partnership, integrating Palo Alto's AI security platform with Google Cloud's capabilities.
- Palo Alto Networks will reportedly pay Google-parent Alphabet close to $10 billion over several years as part of this collaboration.
- Next week will be a quiet, holiday-abbreviated trading week with no major earnings reports.
- Economic data includes third-quarter growth and consumer confidence readings on Tuesday, and jobless claims on Wednesday.
- The U.S. stock market will close early on Wednesday and be closed on Thursday for Christmas Day.