Anti-Clickbait News Summaries for December 14, 2024

Amazon shareholders push for Bitcoin investment as cryptocurrency gains traction

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

Happening Today:

Notable Recent Developments:
- Broadcom experienced a significant 24% jump on Friday, pushing its market cap above $1 trillion following positive AI sales forecasts ²
- Bond yields have been rising, with the 10-year Treasury approaching the 4.5% level, which some Investors view as a potential trigger point for market turbulence ³

Looking Ahead:
- Markets are anticipating the Federal Reserve's final meeting of 2024 next week, which will be crucial in setting the tone for markets heading into year-end and beyond ⁴
- Analysts are noting the potential for a "Santa rally" in the final days of 2024, supported by record inflows into U.S. stocks ⁵

The Markets:

Futures Highlights

Futures saw a mixed session, with oil prices rising while most equity indices declined. Precious metals and major stock benchmarks ended lower.

• 🟢 Crude Oil: 71.09 (+1.07 | +1.53%)

• 🔴 Natural Gas: 3.2680 (-0.1870 | -5.41%)

• 🔴 Gold: 2665.90 (-43.50 | -1.61%)

• 🔴 Dow: 43844.00 (-604.00 | -1.36%)

• 🔴 S&P 500: 6051.25 (-79.75 | -1.30%)

• 🔴 Nasdaq 100: 21760.50 (-177.00 | -0.81%)

• 🔴 Russell 2000: 2347.40 (-44.40 | -1.86%)

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Forex & Bonds

Currency markets saw a firmer euro and yen as the dollar softened, while the pound slipped. Treasury yields climbed higher, reflecting a sell-off in bonds.

• 🟢 EUR/USD: 1.0502 (+0.0036 | +0.34%)

• 🟢 USD/JPY: 153.58 (+0.97 | +0.63%)

• 🔴 GBP/USD: 1.2606 (-0.0067 | -0.52%)

• 🔴 BTC/USD: 101284.40 (-411.70 | -0.40%)

• 🟢 5-Year Treasury: 4.248 (+0.072 | +1.72%)

• 🟢 10-Year Treasury: 4.399 (+0.075 | +1.73%)

• 🟢 30-Year Treasury: 4.615 (+0.068 | +1.50%)

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Major News (Stocks)

Stock moves were uneven, with standout gains in AVGO and strong showings from ANET and TSLA, while SMCI and NVDA lagged. Other major tech names produced mixed results.

Biggest Winners → Biggest Losers

• 🟢 AVGO: +24.43%

• 🟢 ANET: +5.14%

• 🟢 TSLA: +4.34%

• 🟢 MSTR: +4.20%

• 🟢 PLTR: +3.92%

• 🟢 UNH: +0.92%

• 🟢 COST: +0.10%

• 🟢 AAPL: +0.07%

• 🔴 MSFT: -0.51%

• 🔴 AMZN: -0.66%

• 🔴 CRM: -1.04%

• 🔴 GOOGL: -1.11%

• 🔴 GOOG: -1.16%

• 🔴 META: -1.66%

• 🔴 NVDA: -2.25%

• 🔴 SMCI: -3.90%

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