Anti-Clickbait News Summaries for December 29, 2024
S&P 500 index shows 34% of value from eight leading tech stocks
Hi, it’s Jack and the Daily Moat team with your daily news summaries 😇
Today:
As of Sunday, December 29, 2024, U.S. financial markets are closed. Here's a summary of recent developments and upcoming events that may influence the stock market:
Recent Market 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%.
Carnival Corporation (CCL): Shares closed at $25.08, down 2.16% from the prior close.
Key Developments
Anticipated Policy Changes: President-elect Donald Trump's upcoming administration is expected to implement lighter regulations, potentially reviving deal-making activity in 2025. The selection of Andrew Ferguson as FTC Chair is seen as a positive move for mergers and acquisitions.
Tesla Deliveries: Tesla is set to report its Q4 and full-year deliveries by early January 2nd, with expectations of record deliveries slightly above 500,000 for Q4. This announcement could impact Tesla's stock performance and influence market sentiment in the automotive sector.
'BATMMAAN' Stocks Performance: The 'BATMMAAN' stocks—Broadcom, Nvidia, Tesla, Amazon, Microsoft, Meta, Apple, and Alphabet—have significantly contributed to market movements in December. Their performance in 2025 will be closely watched by investors.
Upcoming Economic Indicators
Pending Home Sales Index: The National Association of Realtors will release the Pending Home Sales Index for November on Monday, December 30. This indicator provides insights into the housing market's health.
S&P CoreLogic Case-Shiller Home Price Index: Set for release on Tuesday, December 31, this index offers data on home price trends across major U.S. cities.
ISM Manufacturing PMI: The Institute for Supply Management will publish its Manufacturing Purchasing Managers' Index for December on Friday, January 3, providing insights into the manufacturing sector's performance.
Investor Considerations
Year-End Strategies: As the year concludes, investors should 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. Additionally, markets will close early at 1:00 PM ET on Tuesday, December 31, 2024.
The Markets:
📈 Futures Highlights
Today’s futures saw mixed performance with natural gas leading gains, while major indices experienced declines.
🟢 Natural Gas: 3.4100 (+0.0910 | +2.74%)
🟢 Crude Oil: 70.26 (+0.64 | +0.92%)
🔴 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%)
💱 Forex & Bonds Overview
Currency pairs showed slight fluctuations, while Treasury yields climbed modestly across the board.
🟢 30-Year Treasury: 4.811 (+0.049 | +1.03%)
🟢 10-Year Treasury: 4.619 (+0.04 | +0.87%)
🟢 5-Year Treasury: 4.456 (+0.023 | +0.52%)
🟢 GBP/USD: 1.2570 (+0.0051 | +0.41%)
⚪ EUR/USD: 1.0421 (+0.0000 | +0.00%)
🔴 USD/JPY: 157.81 (-0.13 | -0.08%)
🔴 BTC/USD: 93456.00 (-1503.20 | -1.58%)
📰 Major News
Technology stocks faced downward pressure today, with significant declines across major players.
🔴 TSN: -0.19%
🔴 META: -0.59%
🔴 UBER: -0.70%
🔴 VRTS: -1.19%
🔴 AAPL: -1.32%
🔴 AMZN: -1.45%
🔴 GOOGL: -1.45%
🔴 AVGO: -1.47%
🔴 GOOG: -1.55%
🔴 ORCL: -1.58%
🔴 MSFT: -1.73%
🔴 NFLX: -1.80%
🔴 NVDA: -2.09%
🔴 PLTR: -3.73%
🔴 TSLA: -4.95%
🔴 SMCI: -5.22%
You can find my most significant newsletter (over 500k active subscribers) at:
Listen to the Podcast and Read the Summaries:
Keep reading with a 7-day free trial
Subscribe to Anti-Clickbait News to keep reading this post and get 7 days of free access to the full post archives.