Anti-Clickbait News Summaries for December 30, 2024
Jimmy Carter's post-presidency humanitarian work earns him Nobel Peace Prize recognition
Hi, it’s Jack and the Daily Moat team with your daily news summaries 😇
Today:
Key Developments
Boeing Incident: Boeing's stock fell 3% premarket following a 737-800 plane crash in South Korea, resulting in 179 fatalities.
Tesla Deliveries: Tesla's shares dropped 2% ahead of its quarterly delivery report, anticipated to show a 10% growth.
Pending Home Sales: Investors expect November's pending home sales data to rise modestly by 0.7%, a slowdown from the previous month's 2% increase.
Bitcoin-Related Stocks: Bitcoin-related stocks like MicroStrategy, Coinbase, Riot Platforms, and MARA Holdings declined as Bitcoin traded below $94,000 after pulling back from $100,000 the previous week.
Economic Indicators
Treasury Yields: Elevated Treasury yields are exerting pressure on stocks during the traditionally strong year-end period known as the Santa Claus rally.
Global Markets
South Korea's Kospi: Dropped by 0.2% following the air incident involving Jeju Air's Boeing 737-800.
Investor Considerations
Holiday Schedule: Significant market closures include early bond trading on Tuesday and complete closure of stock and bond markets on Wednesday for New Year's Day.
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