News Summary

• The S&P 500 (^GSPC) was virtually unchanged, while the tech-heavy Nasdaq Composite (^IXIC) gained roughly 0.4%.Markets rejoiced after the Federal Reserve's shift in tone this week as the central bank signaled more rate cuts in 2024 than previously forecast and acknowledged its anti-inflation campaign is gaining traction..
• Revenue came in at $57.8 billion, up 6% year over year, compared to expectations of $57.71 billion, per Bloomberg data.CrowdStrike (CRWD): The cybersecurity company gained more than 2% as a new set of security standards for corporate America were set to take effect starting Dec. 18..
• "Crude slipped into negative territory on Friday after Fed official John Williams dampened expectations of rate cuts next year.West Texas Intermediate (CL=F) futures lost earlier gains to trade just above $71 per barrel..
• It was the first time in 27 months that the monthly median rent had fallen year over year.New lease signings were up 9.7% year over year but down nearly 29% from October..
• Crude surged 4% in the last two days as the dollar weakened on market expectations that the Federal Reserve will cut rates next year..
• Brent (BZ=F) futures settled at $76.55 per barrel, closing out the week 0.94% higher.Futures wavered between positive and negative territory during Friday's session..