Anti-Clickbait News Summaries for December 20, 2024

XRP surges as market speculation fuels price discussions. Boom on Cryptocurrencies

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Today:

On Friday, December 20, 2024, several events are poised to influence the U.S. stock market:

Economic Data Releases

• Personal Income and Outlays: The Bureau of Economic Analysis (BEA) will release data for November at 8:30 AM ET. This report includes the Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred inflation gauge. Investors will scrutinize this data for insights into consumer spending and inflation trends, which are critical for monetary policy decisions.

  Bureau of Economic Analysis

• Gross Domestic Product (GDP) by State and Personal Income by State: The BEA will publish these reports for the third quarter of 2024 at 10:00 AM ET. These figures provide a detailed view of economic performance and income levels across different regions, offering insights into the geographic distribution of economic growth.

  Bureau of Economic Analysis

Corporate Earnings Reports

• Carnival Corporation (CCL): The cruise line operator is scheduled to report its fiscal fourth-quarter earnings before the market opens. Analysts and investors will be attentive to metrics such as booking volumes, occupancy rates, and forward guidance, especially considering the industry's ongoing recovery from previous disruptions.

  Schaeffer's Research

Market Sentiment and Global Factors

• Market Volatility: Global markets are experiencing heightened volatility due to concerns over potential U.S. government shutdowns and trade tensions. These uncertainties may lead to cautious trading behavior and increased market fluctuations.

  Reuters

• International Markets: Asian shares have reached a three-month low amid apprehensions about upcoming U.S. inflation data and its implications for economic policies. This downturn in international markets could have a spillover effect on U.S. equities.

  Reuters

Federal Reserve Communications

• Speeches by Federal Reserve Officials: San Francisco Fed President Mary Daly is scheduled for a TV interview at 7:30 AM ET, followed by New York Fed President John Williams at 8:30 AM ET. Their comments may provide additional insights into the Federal Reserve's economic outlook and policy considerations, potentially influencing market expectations.

  MarketWatch

The Markets:

Futures Highlights

The futures market shows mixed performance, with natural gas and gold edging higher while major equity indices slip. Energy and stock indices face moderate declines, reflecting cautious investor sentiment.

• 🟢 Natural Gas: 3.6570 (+0.0730 | +2.04%)

• 🟢 Gold: 2618.50 (+10.40 | +0.40%)

• 🔴 Crude Oil: 69.12 (-0.26 | -0.37%)

• 🔴 Dow: 42584.00 (-213.00 | -0.50%)

• 🔴 S&P 500: 5884.50 (-49.50 | -0.83%)

• 🔴 Russell 2000: 2219.00 (-26.40 | -1.18%)

• 🔴 Nasdaq 100: 21095.25 (-283.75 | -1.33%)

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Forex & Bonds Highlights

Currency markets show resilience in the euro and pound against the dollar, while BTC slides. US Treasuries see yields inching upward, suggesting a cautious outlook from bond investors.

• 🟢 EUR/USD: 1.0391 (+0.0032 | +0.31%)

• 🟢 GBP/USD: 1.2527 (+0.0026 | +0.21%)

• 🔴 USD/JPY: 156.78 (-0.63 | -0.40%)

• 🔴 BTC/USD: 93901.10 (-3330.80 | -3.43%)

• 🟢 5-Year Treasury Yield: 4.425 (+0.045 | +1.03%)

• 🟢 10-Year Treasury Yield: 4.57 (+0.076 | +1.69%)

• 🟢 30-Year Treasury Yield: 4.74 (+0.081 | +1.74%)

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Major News (Stocks) Highlights

Corporate movers are mixed, with AXP topping the gainers and MU taking a substantial hit. Notable tech names show divergence, as NVDA climbs but TSLA slips and MU tumbles.

Biggest Winners → Biggest Losers

• 🟢 AXP: +1.84%

• 🟢 NVDA: +1.37%

• 🟢 AMZN: +1.26%

• 🟢 FDX: +1.00%

• 🟢 NKE: +0.26%

• 🟢 GOOGL: +0.06%

• 🔴 MSFT: -0.08%

• 🔴 GOOG: -0.24%

• 🔴 META: -0.27%

• 🔴 TSLA: -0.90%

• 🔴 LLY: -0.94%

• 🔴 BB: -1.00%

• 🔴 SBUX: -1.27%

• 🔴 AMD: -2.08%

• 🔴 NVO: -2.38%

• 🔴 MU: -16.18%

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