Anti-Clickbait News Summaries for November 23, 2024

Nvidia CEO Jensen Huang declares the age of AI has begun during Hong Kong visit

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The Markets:

Futures Market Overview

Crude oil and gold posted strong gains ▲1.54% and ▲1.62%, respectively, while natural gas saw a significant drop ▼5.60%. Equity futures were mostly positive, with the Russell 2000 leading at ▲1.87%.

• Crude Oil: $71.18 ▲ +1.08 (+1.54%)

• Natural Gas: $3.2870 ▼ -0.1950 (-5.60%)

• Gold: $2718.20 ▲ +43.30 (+1.62%)

• Dow: 44447.00 ▲ +458.00 (+1.04%)

• S&P 500: 5991.00 ▲ +20.50 (+0.34%)

• Nasdaq 100: 20878.75 ▲ +49.25 (+0.24%)

• Russell 2000: 2418.00 ▲ +44.40 (+1.87%)

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Forex & Bonds Highlights

The euro and British pound weakened against the dollar ▼0.57% and ▼0.50%, while USD/JPY rose slightly ▲0.11%. Bond yields edged lower, with the 30-Year Treasury falling ▼0.58%.

• EUR/USD: 1.0415 ▼ -0.0059 (-0.57%)

• USD/JPY: 154.71 ▲ +0.18 (+0.11%)

• GBP/USD: 1.2526 ▼ -0.0063 (-0.50%)

• BTC/USD: $98,705 ▲ +7.00 (+0.01%)

• 5-Year Treasury: 4.298 ▼ -0.007 (-0.16%)

• 10-Year Treasury: 4.41 ▼ -0.022 (-0.50%)

• 30-Year Treasury: 4.595 ▼ -0.027 (-0.58%)

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Major Stock Movements

Technology stocks had mixed results with SMCI surging ▲11.62%, while INTU led the losers ▼5.68%. Tesla posted strong gains ▲3.80%, and Robinhood was up ▲4.45%.

Biggest Winners

• SMCI: ▲ +11.62%

• MSTR: ▲ +6.19%

• HOOD: ▲ +4.45%

• TSLA: ▲ +3.80%

• WMT: ▲ +2.32%

• ROST: ▲ +2.19%

• MSFT: ▲ +1.00%

• AAPL: ▲ +0.59%

• C: ▲ +1.29%

Biggest Losers

• INTU: ▼ -5.68%

• NTAP: ▼ -3.43%

• NVDA: ▼ -3.22%

• GOOGL: ▼ -1.71%

• GOOG: ▼ -1.58%

• META: ▼ -0.70%

• AMZN: ▼ -0.64%

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Summary: Commodities showed strong divergence, with gold and crude oil climbing while natural gas tumbled. Forex markets saw a stronger dollar against most currencies, and bond yields declined slightly. Tech stocks saw both significant gains and losses, highlighting a volatile trading day.

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