Here Are Wednesday’s Top Wall Street Analyst Research Calls: Applied Digital, BigBear.ai, Block, Deckers Outdoors, GitLab, Hershey, McDonald’s, Moderna, and More

Market Overview - The Dow Jones Industrial Average reached a record high, closing at $49,484, up 1.04% [2] - The S&P 500 also hit a record high, closing at 6,947, up 0.66% [2] - The Nasdaq closed at 23,546, up 0.64%, indicating strong performance in technology stocks [2] - Positive economic news and strong momentum from previous trading days contributed to the bullish sentiment [2] Treasury Bonds - Yields across the Treasury curve were mixed, with the 30-year bond at 4.85% and the benchmark ten-year note at 4.17% [3] - Shorter T-bill maturities saw buying interest, while there was modest selling in middle and longer maturities [3] - Market volatility was influenced by broader Fed uncertainty and fears of a tech bubble [3] Oil and Gas - Energy stocks experienced a decline due to concerns over a potential global supply surplus in 2026 [4] - Chevron announced it would continue to supply Venezuelan oil despite political instability, alleviating immediate supply disruption fears [4] - Brent Crude closed at $60.49, down 2.06%, and West Texas Intermediate at $56.91, down 2.42% [4] Stocks Performance - Stocks rallied for the second consecutive day, with both the Dow Jones and S&P 500 reaching all-time highs [5] - Anticipation of strong fourth-quarter earnings and positive economic news drove the market higher [5] - Technology stocks remain a significant driver of market performance, suggesting potential for further highs [5]