STLoke
2024-12-29

Factors Against an SPX Close Above 6000

1  Profit-Taking: After a strong year, investors might lock in gains, creating downward pressure on the index.

2  Volatility: Unexpected geopolitical or economic events, or low year-end liquidity, could lead to heightened market volatility, making it harder to cross 6000.

3. Resistance Levels: Psychologically, 6000 is a significant round number, often acting as resistance unless there’s strong momentum.


MSFT & META Earnings: Can AI Translate More Growth for Giants?
Microsoft and Meta will release their earnings after Wednesday’s market close. Microsoft is expected to report 10% revenue growth year on year. Key for Microsoft will be any advancements its artificial intelligence along with how well its Azure business performed. Meta is expected to report earnings growth of more than 25% year on year. Analyst expects the company’s generative AI ad tools to “drive revenue growth.” -------- Will their earnings continue last week's uptrend? Can META's ADs continue to benefit from AI? Will Microsoft Azure business meet estimates?
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