Stocks jump, Paramount closes TV studio: Market Domination

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On today's Market Domination, hosts Julie Hyman and Josh Schafer delve into the most prominent market themes and trending stocks ahead of Monday's closing bell.

Equity markets are in the spotlight as softer-than-expected Producer Price Index (PPI) data fuels investor optimism about potential Federal Reserve rate cuts. This development comes ahead of the highly anticipated Consumer Price Index (CPI) report, scheduled for release Wednesday morning. However, SEI Chief Investment Officer Jim Smigiel joins to explain why he believes markets may face a "disappointment" in 2024.

Focus then shifts to a variety of trending stocks. Notable mentions include tech giants Nvidia (NVDA) and Dell Technologies (DELL), as well as Paramount (PARA). The media giant has announced plans to shut down its TV studio as part of a broader restructuring effort.

This post was written by Angel Smith