Stock Market Live December 8: S&P 500 (SPY) Running Ahead of the Fed
S&P 500 futures are up another 11 points this morning. The SPDR S&P 500 ETF (SPY) is up about $1.50 a share. The Dow is up another 23 points, as the Nasdaq tacks on…
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Stock Market Live November 7: S&P 500 (SPY) Heading for a Losing Week
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Newest firstThere’s Still Hope for a Year End Rally
There’s hope for a year-end rally when and if the government shutdown ends, and the tariff situation is resolved with the U.S. Supreme Court. We’re also days away from market-moving earnings from Nvidia (NASDAQ: NVDA). And we may see another interest rate cut in December.
Analysts at Wolfe Research say recent market gains will remain concentrated among the largest companies as fundamentals and sentiment favor those names. In addition, according to Wolfe, “the ongoing enthusiasm around artificial intelligence spending remains a key near-term driver,” added Investing.com.
“We believe the AI spending narrative is likely to continue to drive companies most leveraged to this theme higher in the near term,” added the firm, “last week’s 3Q results from key bellwethers have come in solid.”
It May be Time to Buy the Dip in Tech Stocks
According to analysts over at Fundstrat, it may be time to buy tech stocks again.
In fact, they note that despite weakness in the Magnificent 7, the tech sector as a whole has not broken below support. That being said, investors may want to keep an eye on Super Micro (SMCI), Palantir (PLTR), Nvidia (NVDA), Meta Platforms (META), and Microsoft (MSFT).
The firm also doesn’t expect the latest downturn to last long.
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Full Coverage
The story so farAt the moment, S&P 500 futures are down about 21 points.
The SPDR S&P 500 ETF (SPY) is down about a point. Dow futures are down about 126, as the Nasdaq slips about 112 points. While the day doesn’t look bright, keep your eye on the 50-day moving average on the major indices. That moving average has now served as strong support a few times. And if it happens again, the major indices could bounce.
There’s also hope for a year-end rally when and if the government shutdown ends, and the tariff situation is resolved with the U.S. Supreme Court. We’re also days away from market-moving earnings from Nvidia (NASDAQ: NVDA | NVDA Price Prediction). And we may see another interest rate cut in December.
While we were supposed to get non-farm payroll numbers, that’s not happening with the shutdown going on for two months now.
Tesla Shareholders Approved Elon Musk’s $1 Trillion Pay Plan
Tesla (NASDAQ: TSLA) says shareholders just approved CEO Elon Musk’s $1 trillion pay plan, with 75% support.
The pay package, which many of us wish we could get, consists of 12 tranches of shares to be granted if Tesla hits certain milestones over the next 10 years. The package also increases Musk’s voting power to 25% from 13%.
The first tranche of the package gets paid out if Tesla’s market cap hits $2 trillion. Its current market cap is $1.4 trillion.
This New Year’s Resolution Trade Rallies Every Year
Around this time of year, about 90% of us, according to Johns Hopkins Medicine, make a resolution to lose weight, diet, and exercise more. All as millions of us begin to worry about our expanding waistlines, and promise ourselves that next year will be different. Many of us will join Weight Watchers, or even Medifast. Or even join a gym.
Look at Planet Fitness (NYSE: PLNT) for example. For the last several years, the stock tends to take off around the holidays. We saw it take off in late 2020, in late 2021, in late 2022, and again in 2023 and 2024. We’re seeing it happen again now because of a revenue beat.
In fact, revenue of $330.3 million, up 13% year over year, beat by $6.87 million. For 2025, PLNT also expects revenue to grow 11% from prior estimates of 10%. It expects adjusted EBITDA to increase 12% from prior estimates of 10%. And it expects adjusted net income to jump 13% to 14% from a prior range of 8% to 9%.
Contact [email protected] for any questions or corrections.
Ian Cooper
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
