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0.00029235491887166 -0.000950153486332374 0.000877064756614563 0.00116941967548622 -0.00336208156702222 -0.00511621108025134 -0.00511621108025134 -0.00102324221605019
Stock impact report

Take the Zacks Approach to Beat the Market: Pinterest, Uber, Fastenal in Focus [Yahoo! Finance]

Pinterest, Inc. Class A (PINS) 
Company Research Source: Yahoo! Finance
The tech-heavy Nasdaq Composite, the S&P 500 and the Dow Jones Industrial Average jumped 0.4%, 0.8% and 2.4%, respectively. On Thursday, the markets closed out a winning November after three straight months of losses. Weak economic data and inflation slowing down over the last few weeks have raised hope among investors that the Fed might have finally concluded its rate-hike cycle. The Fed's favorite inflation metric, PCE, also showed signs of slowing down last week, and third-quarter GDP was revised upward to lift investor mood. Dovish comments coming in from top Fed officials have suggested that the central bank will be extremely cautious before raising rates any further. In fact, Fed Chair Jerome Powell said that the risk of raising interest rates at the current juncture is too much. Market participants are getting into a usual Santa rally and are currently expecting interest rates to go down as early as the first half of 2024. Regardless of market conditions, we, here at Zack Show less Read more
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