DOW SURGES AS TESLA AND META LEAD RALLY

US stocks extended gains for the third session on Friday, and snapped a 3-week losing streak as investors looked past hawkish headlines and piled into tech and growth stocks that have been battered since mid-August. Gains came ahead of next week's CPI report, which is expected to show inflation slowed to 8.1% in August from 8.5% in July. The market movement came a day after Fed chair Jerome Powell, in a speech at the Cato Institute, reiterated that the central bank would do what it takes to tame inflation, further curbing any speculation of an imminent policy pivot. The sentiment is likely to remain subdued in anticipation of an economic slowdown and more tightening. On the corporate side, DocuSign jumped more than 10% after the company reported quarterly results that surprised investors on the upside while offering strong guidance. The Dow added 377 points, the S&P 500 1.5% and the Nasdaq 2.1%. For the week, the Dow gained almost 3%, and both the S&P and the Nasdaq about 4%.

Tesla traded at $299.68 this Friday September 9th, increasing $10.42 or 3.60 percent since the previous trading session. Looking back, over the last four weeks, Tesla gained 1.81 percent. Over the last 12 months, its price rose by 22.11 percent. Tesla likely to be priced at 262.43 by the end of this quarter and at 240.40 in one year. Meanwhile, Apple traded at $157.37 this Friday September 9th, increasing $2.91 or 1.88 percent since the previous trading session. Looking back, over the last four weeks, Apple gained 7.01 percent. Over the last 12 months, its price rose by 5.64 percent.

Facebook | Meta Platforms, Inc. traded at $169.27 this Friday September 9th, increasing $7.36 or 4.55 percent since the previous trading session. Looking back, over the last four weeks, Facebook | Meta gained 5.06 percent. Over the last 12 months, its price fell by 55.30 percent. Looking ahead, its highly likely Facebook | Meta Platforms, Inc. to be priced at 155.58 by the end of this quarter and at 142.52 in one year. Meanwhile, Intel traded at $31.46 this Friday September 9th, increasing $0.71 or 2.31 percent since the previous trading session. Looking back, over the last four weeks, Intel gained 11.05 percent. Over the last 12 months, its price fell by 41.57 percent.

Microsoft traded at $264.46 this Friday September 9th, increasing $5.94 or 2.30 percent since the previous trading session. Looking back, over the last four weeks, Microsoft gained 8.54 percent. Over the last 12 months, its price fell by 10.57 percent. Microsoft likely to touch 248.69 by the end of this quarter and at 227.81 in one year. Meanwhile, Amazon traded at $133.27 this Friday September 9th, increasing $3.45 or 2.66 percent since the previous trading session. Looking back, over the last four weeks, Amazon gained 6.60 percent. Over the last 12 months, its price fell by 23.17 percent.