;s investor day was scheduled to take place. The event was subsequently canceled following the tragic incident. The stock closed slightly lower on Wednesday.
Overall, the US stock market saw a strong rally on Wednesday, with tech stocks leading the gains. Investors were encouraged by Federal Reserve Chair Jerome Powell’s comments on the strength of the US economy, as well as positive earnings reports from companies like Salesforce. The market also reacted positively to President-elect Donald Trump’s nomination of Paul Atkins for the next SEC chair, as Atkins is seen as a pro-cryptocurrency official.
Bitcoin also saw gains, nearing $100,000 per coin for the first time ever. The labor market showed signs of tightening, with wage growth increasing for both job switchers and job stayers. Despite some concerns about inflation, Wall Street remains optimistic about the US economy heading into 2025, with forecasts pointing to continued growth.
Overall, the market remains upbeat as investors continue to digest economic data and corporate earnings reports, with tech stocks leading the way to new record highs for the major indexes.