On Wednesday, the three major U.Sstock indices displayed a mixed performance, with the Nasdaq taking the lead by crossing the significant threshold of 20,000 points for the first timeThe recent performance of these indices has shown an upward trajectory, although the Dow Jones encountered resistance upon reaching a crucial upward channel and has since retreated to the midpoint of this channelMeanwhile, the Nasdaq and the S&P 500 indices are inching closer to their respective resistance points while still oscillating upward within the channel.

The Nasdaq Golden Dragon Index, which tracks Chinese stocks listed in the U.S., recently put a halt to its downward trend and has begun to rebound, breaking through its descending trend line

Over the last two days, it has attempted to regain previous high resistance levels, which it had previously breached only to fall back quicklyCurrently, it finds itself near the rising trend line, and should it break this support, it could enter a period of consolidation or even a downward move.

Both the S&P's real estate and biotechnology sectors have witnessed long-term oscillations upwards, hitting obstacles recentlyIf these sectors can break through their respective resistance levels, there could be significant room for upward movementHowever, after facing resistance in recent days and breaking the rising trend line, maintaining support will be crucial for continuing a range-bound market.

In the commodities market, gold and silver futures have experienced consistent upward oscillations after substantial short-term pullbacks, but they hit resistance on the way up

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Nonetheless, they have shown resilience with recent rebounds, breaking through former highsGold is now close to its peak, while silver still has considerable potential for upward movement.

In contrast, crude oil futures have been on a downward trend, recently settling just above their lowest points but showing signs of a reboundHowever, the upward momentum remains unconfirmed as it has not broken through resistance levelsThe oil and gas market has been oscillating sideways, struggling against previous high resistance, but there is hope with recent rebounds indicating a stop to the downturn.

Notably, technology stocks have resumed their upward climb, with the Nasdaq finally closing above the 20,000 markThis movement follows inflation data that met expectations, solidifying forecasts for a Federal Reserve rate cut next week.

The Nasdaq’s closing above 20,000 points, a milestone achieved on Wednesday, signals a recovery in tech shares, particularly following favorable inflation data.

At 4:00 PM Eastern Time (21:00 GMT), the Nasdaq Composite Index rose by 1.8%, finishing at an unprecedented 20,034.89 points

In contrast, the Dow Jones Industrial Average declined by 99 points, or 0.2%, while the S&P 500 Index saw a rise of 0.8%.

The tech sector's resurgence was boosted by robust performances from semiconductor giants, particularly NVIDIA recovering from a recent slump, and Google’s stock also saw a notable increase, alongside Tesla hitting record highs.

The tech sector leading the market uptrend also featured Alphabet (GOOGL), which rose more than 5% following a significant announcement regarding advancements in quantum computing technology, hinting at ongoing improvements in computational speed.

Seeing a similar positive trend was Rigetti Computing Inc (RGTI), which saw its stock value rise by 13% on top of a 45% increase from the day before, following the news driven by Google’s advancements.

In other news, Broadcom (AVGO) also edged upwards by over 6% amid reports that it is collaborating with Apple (AAPL) on developing artificial intelligence chip technology.

Meanwhile, Tesla's stock (TSLA) climbed 5%, marking an all-time high, with a notable increase of 64% as investors bet on CEO Elon Musk maximizing profitability for the electric vehicle manufacturer.

The upcoming week is expected to see the Federal Reserve responding to recent consumer price index data, which recorded a slight increase of 2.7%, slightly higher than October’s figure of 2.6%. Core inflation, stripping volatile items such as food and fuel prices, rose by 3.3%, aligning with expectations.

A report from Morgan Stanley noted an unexpected find in November’s data regarding core services, as evidenced by a slowdown in growth rates for rent and owner's equivalent rent.

Morgan Stanley characterized this report as favorable for the Federal Reserve, reinforcing expectations for a 25 basis point rate cut during their meeting slated for December 17-18.

According to Investing.com’s Fed rate monitoring tool, around 98% of traders are predicting a Fed rate cut next week, an increase from 92% just a day prior.

In the retail sector, Macy’s (M) stock fell by 4% following the department store's downward revision of its annual profit forecast due to weak demand for the holiday shopping season.

Dallas-based Dave & Buster’s Entertainment (PLAY) saw its stocks plunge by 20% after the announcement of CEO Chris Morris's departure, coupled with disappointing Q3 results.

Globally, stock markets experienced gains, with the dollar reaching a two-week peak.

European markets rebounded from earlier losses, finishing higher as U.S