Wipro Shares in Focus: Key Insights and Latest Updates (December 2024)

1. Federal Reserve Policy Inflation Rate Cut Uncertainty: The Fed held rates steady at 5.25%-5.5% but signaled potential cuts later in 2024, pending inflation cooling. Chair Jerome Powell emphasized data dependency, causing market volatility. CPI Data: June’s Consumer Price Index rose 3.0% YoY, slightly below expectations, hinting at easing inflationary pressures. Core CPI (excluding food/energy) increased 3.3%. 2. Corporate Earnings Highlights Tech Giants: Alphabet (Google) surged 9% after Q2 earnings beat, driven by AI-driven cloud growth. Microsoft also posted strong Azure results, while Tesla missed delivery targets, citing supply chain issues. Retail Consumer: Walmart raised its full-year guidance due to robust grocery sales, while Nike shares dropped 12% on weak China demand. 3. Stock Market Movements Indices: S 500 dipped 0.3% amid tech profit-taking, while the Dow Jones gained 0.6% on energy sector strength. Nasdaq fell 1.1%. Crypto Rally: Bitcoin surged past $63,000 amid renewed ETF optimism, with BlackRock revising its spot Bitcoin ETF filing. 4. Mergers Acquisitions Healthcare Deals: Bristol Myers Squibb announced a $4.8B acquisition of RayzeBio to expand its cancer drug portfolio. Energy Sector: Chevron is in talks to buy Hess Corporation’s Guyana assets for $53B, intensifying competition with ExxonMobil. 5. Regulatory Legal Developments Antitrust Actions: The DOJ reopened a probe into UnitedHealth’s Medicare Advantage practices, citing potential antitrust violations. SEC Rules: New climate disclosure regulations face pushback from GOP-led states, delaying implementation. 6. Labor Market Strikes UAW Strikes: The United Auto Workers union threatened targeted strikes at Detroit automakers if contract talks stall by September. Wage Growth: Average hourly earnings rose 4.4% YoY, outpacing inflation but slowing compared to 2023. 7. Real Estate Housing Mortgage Rates: 30-year fixed rates hit 7.1%, dampening homebuyer demand. Existing home sales fell 3.3% in June. Commercial Real Estate: Office vacancies hit a record 19.8%, with major defaults in cities like San Francisco and Chicago. 8. Global Trade Supply Chains China Tariffs: The Biden administration is reviewing tariffs on Chinese EVs and semiconductors, potentially raising duties to 25%. Red Sea Crisis: Shipping costs rose 15% due to Houthi attacks, delaying Asia-U.S. cargo routes. 9. ESG Clean Energy IRA Incentives: The Treasury Department unveiled $10B in tax credits for clean energy manufacturers, boosting solar and battery stocks. EV Slowdown: Ford cut production of its F-150 Lightning amid weaker-than-expected demand, echoing challenges for Rivian and Lucid. 10. Cybersecurity Threats Ransomware Attacks: JPMorgan reported thwarting a cyberattack targeting client data, highlighting rising risks for financial institutions. Key Events to Watch This Week Jobs Report: July nonfarm payrolls (Aug 4) – expected +200K jobs. Earnings: Apple, Amazon, AMD, and Starbucks report Q2 results. Fed Speakers: Speeches from Mary Daly and Loretta Mester could hint at policy shifts. For real-time updates, follow: Bloomberg Markets CNBC WSJ Business Let me know if you'd like a deeper dive into any specific topic! 📈 This response is AI-generated, for reference only.