Anti-Clickbait News Summaries for December 25, 2024
Wolfe Research outlines three phases of Trump-market for 2025
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Today:
On Wednesday, December 25, 2024, U.S. financial markets, including the New York Stock Exchange (NYSE) and Nasdaq, are closed in observance of Christmas Day.
Recent Market Performance
On Tuesday, December 24, markets operated on a shortened schedule, closing early at 1:00 PM ET. The SPDR S&P 500 ETF Trust (SPY) closed at $601.30, reflecting a gain of approximately 1.11% from the previous close. The SPDR Dow Jones Industrial Average ETF (DIA) ended at $432.50, up about 0.84%, and the Invesco QQQ Trust (QQQ) finished at $529.96, marking an increase of around 1.36%.
Carnival Corporation (CCL) closed at $25.79, showing a modest rise of 0.10% from the prior close.
Global Markets
While U.S. markets are closed, some international markets remain open. For instance, Japan's Nikkei 225 index experienced a slight decline of 0.1% to 38,997.02, and China's Shanghai Composite Index decreased by 0.2% to 3,387.41. These movements suggest a cautious sentiment among investors in the Asian markets.
Investor Considerations
The "Santa Claus rally" period, encompassing the last five trading days of December and the first two of January, is currently underway. Historically, this period has been associated with positive market performance, and investors are observing whether this trend will continue into the new year.
Upcoming Economic Indicators
Looking ahead, several economic reports are scheduled for release later in the week:
Initial Jobless Claims: Data for the week ending December 21 will be released on Thursday, December 26, providing insights into the labor market's health.
International Trade in Goods: The advance report for November is set for release on Friday, December 27, offering information on trade balances and economic activity.
The Markets:
Futures Highlights
Futures remain broadly positive, with Natural Gas surging over 20%. Equity indexes also show healthy gains, hinting at market optimism.
🟢 Crude Oil: 70.17 (+0.93 | +1.34%)
🟢 Natural Gas: 3.9470 (+0.7330 | +22.81%)
🟢 Gold: 2633.50 (+5.30 | +0.20%)
🟢 Dow: 43640.00 (+321.00 | +0.74%)
🟢 S&P 500: 6099.00 (+63.00 | +1.04%)
🟢 Nasdaq 100: 22046.50 (+293.25 | +1.35%)
🟢 Russell 2000: 2278.70 (+20.00 | +0.89%)
Forex & Bonds Highlights
The dollar sees mixed performance against major currencies, while bond yields tick slightly lower across the board.
🔴 EUR/USD: 1.0392 (-0.0013 | -0.13%)
🟢 USD/JPY: 157.30 (+0.13 | +0.08%)
🔴 GBP/USD: 1.2530 (-0.0001 | -0.01%)
🟢 BTC/USD: 98622.60 (+475.10 | +0.48%)
🔴 5-Year Treasury: 4.438 (-0.007 | -0.16%)
🔴 10-Year Treasury: 4.591 (-0.008 | -0.17%)
🔴 30-Year Treasury: 4.765 (-0.019 | -0.40%)
Major News (Biggest Winners → Biggest Losers)
Tech leads today’s biggest winners, highlighted by a sharp rally in Tesla. Meanwhile, a couple of stocks slip into the red, though declines are relatively modest.
🟢 TSLA: +7.36%
🟢 AVGO: +3.15%
🟢 NFLX: +2.27%
🟢 AMZN: +1.77%
🟢 C: +1.76%
🟢 JPM: +1.64%
🟢 META: +1.32%
🟢 BAC: +1.12%
🟢 MSFT: +0.94%
🟢 GOOG: +0.81%
🟢 GOOGL: +0.76%
🟢 AAL: +0.58%
🟢 FDS: +0.41%
🟢 NVDA: +0.39%
🔴 LLY: -0.08%
🔴 UBER: -0.26%
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