The stock market was mixed on Wednesday after November’s inflation report met analysts’ expectations. Such showed a 0.3% rise from October and 2.7% growth from a year ago.
Overall, S&P 500 was up 0.8% to 6,084, while NASDAQ increased 1.8% to 20,035.
Tweet of the Day
I'm writing a Tesla $TSLA research report now. @elonmusk thinks autonomous driving will be better than human driving by Q2 2025. He also expects Cybercabs in operation in Texas and California during 2025. So this is a reasonable bet. https://t.co/uNh8sBDZ8b
— David Sharek (@GrowthStockGuy) November 27, 2024
Chart of the Day
Here is the ten-year chart of Amazon (AMZN) as of November 5, 2024, when the stock was at $200.
Operating margin improved across the board to 11.0% from 7.8% year ago. The International segment was the biggest surprise, posting operating income of $1.3 billion, a sharp turnaround from $100 million loss a year ago.
Overall, investors were extremely positive about the quarter and pushed the stock price higher.
AMZN is part of our Growth Portfolio and Aggressive Growth Portfolio.
