Deloitte expects the space economy to reach $2 trillion by 2035.

Jason Garzatus, CEO of Deloitte U.S., says that growth is fueled by data and its application

for businesses across industries.

What's exciting is that the data and the analytic and the commercial application of the data

will move to be more mainstream.

It will be something that organizations of any size can benefit from

the data that's being emitted from space that could be pertinent to their operation. Visit Deloitte.com

to learn how the space economy is creating new opportunities. Here's your closing bell brief

for Friday, December 5th. I'm Danny Lewis for the Wall Street Journal.

U.S. stocks edged higher today with the NASDAQ composite rising 0.3%, while the S&P 500 and the Dow

both closed up 0.2%.

For the week, the S&P rose 0.3%, the NASDAQ advanced 0.9%, and the Dow gained half a percent. Investors focused on

the Federal Reserve's preferred inflation gauge today, which showed prices rose 2.8% year-over-year

in September. That reading was in line with expectations, keeping the central bank on track for a

widely anticipated interest rate cut next week. Among individual companies, Warner Brothers Discovery shares rallied 6.3% after Netflix agreed to

buy the company's studios and streaming business for $72 billion.

Conversely, stock in rival-suter Paramount Skydance sank, losing 9.8%.

Ulta Beauty shares surged 12.7%.

The cosmetics retailer raised its annual sales and earnings guidance after quarterly results trumped

expectations.

And SOFi Technologies stock fell 6.2%.

The Financial Services Company announced a public offering of $1.5 billion of shares.

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