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The November consumer price index will be released Wednesday morning and is expected to show a slight uptick from October.

Reddit was one of the best-performing names to make a debut in public markets this year. 210 US firms went public in 2024, a jump of about 36% from 2023.

"With current recession risks contained, multiples are most likely to drift higher in 2025," strategists at UBS wrote in a note on Monday.

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia's $6.9 billion acquisition of network and data transmission company Mellanox in 2019. Nvidia shares fell 2.6% Monday.

While economic growth fears have ebbed, inflation is inching higher, and November CPI will set the tone for the stock market in the near term, BofA said.

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Comcast investors are reacting after management said it expects the company's broadband subscribers to decline by over 100,000 in the current quarter.