Overview
- U.S. indexes rose for a second session, with the S&P 500, Nasdaq and Dow recovering earlier weekly losses as technology shares outperformed.
- Chipmakers paced the advance after Micron hit a record on stronger‑than‑expected results and guidance, while Nvidia and Broadcom also gained.
- A softer November CPI print supported expectations for additional Federal Reserve rate cuts in 2026, though some economists flagged shutdown‑related data distortions.
- Oracle rallied after ByteDance signed binding agreements for a U.S. TikTok joint venture that grants Oracle, Silver Lake and MGX 15% stakes each.
- Market breadth stayed uneven as Nike, Lamb Weston and Conagra slid on margin and demand concerns, even as rotation toward value, financials and small caps persisted.