Anti-Clickbait News Summaries for December 31, 2024
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Hi, itβs Jack and the Daily Moat team with your daily news summaries π
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
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.
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.
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.
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.
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.
π’ Russell 2000: 2259.10 (+11.40 | +0.51%)
π’ S&P 500: 5970.75 (+12.00 | +0.20%)
π’ Nasdaq 100: 21457.25 (+41.00 | +0.19%)
π’ Dow: 43000.00 (+73.00 | +0.17%)
π’ Gold: 2624.10 (+6.00 | +0.23%)
βͺ Crude Oil: 70.99 (0.00 | 0.00%)
π΄ Natural Gas: 3.7880 (-0.1480 | -3.76%)
Forex & Bonds
The dollar pairs are mixed, while Bitcoin continues its upward momentum. Treasuries see notable yield declines, indicating some flight to safer assets.
π’ BTC/USD: 94874.60 (+2561.30 | +2.77%)
π’ USD/JPY: 156.92 (+0.08 | +0.05%)
π΄ EUR/USD: 1.0388 (-0.0018 | -0.18%)
π΄ GBP/USD: 1.2527 (-0.0022 | -0.18%)
π΄ 5-Year Treasury: 4.37 (-0.086 | -1.93%)
π΄ 10-Year Treasury: 4.545 (-0.074 | -1.60%)
π΄ 30-Year Treasury: 4.763 (-0.048 | -1.00%)
Major News Movers
Markets are seeing a few bright spots despite widespread declines. LNG leads the gainers, while MSTR suffers the dayβs steepest drop.
Biggest Winners to Biggest Losers
π’ LNG: +1.23%
π’ NVDA: +0.35%
π΄ MSTR: -8.19%
π΄ TSLA: -3.30%
π΄ AVGO: -2.55%
π΄ BA: -2.31%
π΄ AMD: -2.20%
π΄ META: -1.43%
π΄ AAPL: -1.33%
π΄ MSFT: -1.32%
π΄ BABA: -1.09%
π΄ AMZN: -1.09%
π΄ GOOGL: -0.79%
π΄ PFE: -0.75%
π΄ GOOG: -0.70%
π΄ UNH: -0.43%
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