Anti-Clickbait News Summaries for December 31, 2024

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Hi, it’s Jack and the Daily Moat team with your daily news summaries 😇

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Today:

As of Tuesday, December 31, 2024, U.S. financial markets are open for regular trading hours, with the following key developments:

Market Indices Performance

• SPDR S&P 500 ETF Trust (SPY): Currently trading at $588.22, down 1.14% from the previous close.

• SPDR Dow Jones Industrial Average ETF (DIA): Trading at $425.77, a decrease of 1.01%.

• Invesco QQQ Trust (QQQ): At $515.61, declining by 1.31%.

Notable Stock Movements

• Carnival Corporation (CCL): Shares are at $25.05, down 0.08% from the prior close.

Key Developments

1. Market Performance: U.S. stock markets are open for regular trading hours on December 31, 2024. Bond markets will close early at 2 p.m. ET. All markets will be closed on January 1, 2025, in observance of New Year's Day.

   MarketWatch

2. Economic Data Release: The S&P CoreLogic Case-Shiller Home Price Index for October is scheduled for release today, providing insights into U.S. home price trends.

   MarketWatch

3. Tesla Deliveries: Tesla is expected to report its Q4 and full-year delivery and production figures soon, with anticipated record deliveries slightly above 500,000 for Q4.

   Investors

Investor Considerations

• Year-End Strategies: As the year concludes, investors are advised to review their portfolios, considering potential tax implications and rebalancing strategies to align with their financial goals for 2025.

• Market Holidays: U.S. stock markets will be closed on Wednesday, January 1, 2025, in observance of New Year's Day. Bond markets will close early at 2 p.m. ET on December 31, 2024.

  MarketWatch

The Markets:

Futures Highlights

Stock futures are mostly in the green, with small gains in major indices. Crude oil remains flat while natural gas is the standout loser in energy.

• 🟢 Russell 2000: 2259.10 (+11.40 | +0.51%)

• 🟢 S&P 500: 5970.75 (+12.00 | +0.20%)

• 🟢 Nasdaq 100: 21457.25 (+41.00 | +0.19%)

• 🟢 Dow: 43000.00 (+73.00 | +0.17%)

• 🟢 Gold: 2624.10 (+6.00 | +0.23%)

• ⚪ Crude Oil: 70.99 (0.00 | 0.00%)

• 🔴 Natural Gas: 3.7880 (-0.1480 | -3.76%)

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Forex & Bonds

The dollar pairs are mixed, while Bitcoin continues its upward momentum. Treasuries see notable yield declines, indicating some flight to safer assets.

• 🟢 BTC/USD: 94874.60 (+2561.30 | +2.77%)

• 🟢 USD/JPY: 156.92 (+0.08 | +0.05%)

• 🔴 EUR/USD: 1.0388 (-0.0018 | -0.18%)

• 🔴 GBP/USD: 1.2527 (-0.0022 | -0.18%)

• 🔴 5-Year Treasury: 4.37 (-0.086 | -1.93%)

• 🔴 10-Year Treasury: 4.545 (-0.074 | -1.60%)

• 🔴 30-Year Treasury: 4.763 (-0.048 | -1.00%)

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Major News Movers

Markets are seeing a few bright spots despite widespread declines. LNG leads the gainers, while MSTR suffers the day’s steepest drop.

Biggest Winners to Biggest Losers

• 🟢 LNG: +1.23%

• 🟢 NVDA: +0.35%

• 🔴 MSTR: -8.19%

• 🔴 TSLA: -3.30%

• 🔴 AVGO: -2.55%

• 🔴 BA: -2.31%

• 🔴 AMD: -2.20%

• 🔴 META: -1.43%

• 🔴 AAPL: -1.33%

• 🔴 MSFT: -1.32%

• 🔴 BABA: -1.09%

• 🔴 AMZN: -1.09%

• 🔴 GOOGL: -0.79%

• 🔴 PFE: -0.75%

• 🔴 GOOG: -0.70%

• 🔴 UNH: -0.43%

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