Stock Market Live December 8: GDP Growth Forecasts Lift S&P 500 (VOO) Monday

This nonfiction volition beryllium updated passim the day, truthful cheque backmost often for much regular updates.

U.S. Treasury Secretary Scott Bessent made the rounds of Sunday speech shows to dispersed the quality that is doing "better than we thought," and the Vanguard S&P 500 ETF (NYSEMKT: VOO) likes the news. The Voo opened 0.1% connected Monday morning.

"We've had 4% GDP maturation successful a mates of quarters," Bessent told CBS News' Face the Nation connected Sunday, and "we're going to decorativeness the twelvemonth ... with 3% existent GDP growth.” Gross home merchandise grew lone 0.6% successful Q1, but 3.8% successful Q2, and the Atlanta Fed estimates Q3 maturation whitethorn person been 3.5%.

Not rather "4%" maturation for "a mates of quarters," but adjacent (if you circular up).

Meanwhile, the quality from consumers is much mixed. The University of Michigan's user sentiment survey past week showed a 53.3 reading, up 4.5 percent points sequentially from November but down 28 points twelvemonth implicit year.

That's not needfully bully news, but it whitethorn assistance to springiness the Federal Open Markets Committee governmental screen to little involvement rates astatine its adjacent meeting, arsenic it's forecast to bash connected Wednesday. This would delight the banal marketplace -- a 2nd crushed for the Voo to beryllium up this morning.

• U.S. Treasury Secretary Scott Bessent predicts 3% U.S. GDP maturation for 2025.

• On Wednesday, the Federal Reserve volition determine whether to little involvement rates 1 last clip for the year.

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There's nary large net quality yet this morning, but aboriginal successful the time we're scheduled to get an update from Toll Brothers (NYSE: TOL) connected its Q4 net numbers. Analysts volition beryllium looking for net of $4.88 per stock connected $3.3 cardinal successful quarterly sales.

Tuesday should spot net from S&P 500 constituent companies AutoZone (NYSE: AZO) and Campbell's (NYSE: CPB).

Then connected Wednesday: a slew of tech net quality from Oracle (NYSE: ORCL), Adobe (Nasdaq: ADBE), and Synopsys (Nasdaq: SNPS).

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