Anti-Clickbait News Summaries for December 28, 2024

Meta Platforms plans first stock split for 2025 following strong growth

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

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Today:

As of Saturday, December 28, 2024, U.S. financial markets are closed for the weekend. Here's a summary of the latest available data and recent developments:

Market Indices Performance (as of December 27, 2024)

• SPDR S&P 500 ETF Trust (SPY): Closed at $595.01, down 1.09% from the previous close.

• SPDR Dow Jones Industrial Average ETF (DIA): Closed at $430.00, a decrease of 0.74%.

• Invesco QQQ Trust (QQQ): Ended at $522.56, declining by 1.33%.

Notable Stock Movements

• Carnival Corporation (CCL): Shares closed at $25.08, down 2.16% from the prior close.

Recent Market Trends

• Santa Claus Rally: The anticipated "Santa Claus rally," typically occurring during the last five trading days of December and the first two of January, has shown mixed results this year. While some sectors have experienced gains, overall market performance has been subdued.

  MarketWatch

Economic Indicators

• Consumer Confidence: Recent data indicates a slight decline in consumer confidence, attributed to stock market volatility and concerns over potential policy changes in the upcoming year.

  MarketWatch

Global Markets

• International Equities: Global markets have exhibited varied performances, with some Asian markets showing gains, while European markets have faced challenges due to economic uncertainties.

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.

The Markets:

Futures Highlights
Futures show mixed moves, with energy ticking up while major equity indices pull back. Crude Oil and Natural Gas see gains, but the Dow, S&P, and Nasdaq are all in the red.

• 🟢 Crude Oil: 70.26 (+0.64 | +0.92%)

• 🟢 Natural Gas: 3.4100 (+0.0910 | +2.74%)

• 🔴 Gold: 2636.50 (-17.40 | -0.66%)

• 🔴 Dow: 43353.00 (-349.00 | -0.80%)

• 🔴 S&P 500: 6029.25 (-66.00 | -1.08%)

• 🔴 Nasdaq 100: 21719.75 (-288.25 | -1.31%)

• 🔴 Russell 2000: 2265.40 (-35.10 | -1.53%)

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Forex & Bonds
Currencies remain relatively calm, with the EUR/USD flat and a mild drop in USD/JPY. Bond yields inched up across all maturities, suggesting slightly higher rates ahead.

• ⚪ EUR/USD: 1.0421 (+0.0000 | +0.00%)

• 🔴 USD/JPY: 157.81 (-0.13 | -0.08%)

• 🟢 GBP/USD: 1.2570 (+0.0051 | +0.41%)

• 🟢 BTC/USD: 94952.00 (+611.20 | +0.65%)

• 🟢 5-Year Treasury: 4.456 (+0.023 | +0.52%)

• 🟢 10-Year Treasury: 4.619 (+0.04 | +0.87%)

• 🟢 30-Year Treasury: 4.811 (+0.049 | +1.03%)

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Major News (Stocks)
Big-name tech and growth stocks took a hit, with every symbol in the red. TSN leads as the smallest loser, while SMCI sees the steepest drop.

Sorted from smallest drop to largest drop:

1. 🔴 TSN: -0.19%

2. 🔴 META: -0.59%

3. 🔴 UBER: -0.70%

4. 🔴 VRTS: -1.19%

5. 🔴 AAPL: -1.32%

6. 🔴 AMZN: -1.45%

7. 🔴 GOOGL: -1.45%

8. 🔴 GOOG: -1.55%

9. 🔴 ORCL: -1.58%

10. 🔴 MSFT: -1.73%

11. 🔴 NFLX: -1.80%

12. 🔴 NVDA: -2.09%

13. 🔴 PLTR: -3.73%

14. 🔴 TSLA: -4.95%

15. 🔴 SMCI: -5.22%

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