Anti-Clickbait News Summaries for December 13, 2024

U.S. government orders TikTok's parent company to sell app by January 2025

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

Happening Today:

Market Context:
- Markets are opening after Thursday's lower close due to profit booking and mixed economic data ¹²
- Nasdaq recently achieved a significant milestone, surpassing 20,000 for the first time on Wednesday ³
- S&P 500 reached its highest level in nearly a week recently ³

Key Market Drivers:
- Investors are processing recent inflation reports that have strengthened expectations for a 25-basis-point rate cut at the upcoming Fed meeting (December 17-18) ³
- Market sentiment remains optimistic about potential interest rate cuts this month, despite yesterday's pullback ¹
- Technology stocks have been showing particular strength, leading recent market rallies ³

Trading Environment:
- Markets are showing mixed signals following Thursday's decline
- All three major stock indexes (Dow, S&P 500, and Nasdaq) closed in negative territory yesterday ²
- Investors are continuing to evaluate economic indicators and their implications for monetary policy ⁴

Today's market will likely be influenced by the previous day's profit-taking activity and ongoing assessment of recent economic data, with particular attention to how this might affect the Federal Reserve's upcoming meeting next week.

The Markets:

Futures Highlights

Overall, the futures market shows mixed performance with modest gains in major indices and crude oil, while gold and natural gas dip slightly. Tech-heavy Nasdaq leads the rise, while commodities and small-caps lag.

• 🟢 Crude Oil: 70.37 (+0.35 | +0.50%)

• 🔴 Natural Gas: 3.4240 (-0.0310 | -0.90%)

• 🔴 Gold: 2691.40 (-18.00 | -0.66%)

• 🟢 Dow: 44037.00 (+60.00 | +0.14%)

• 🟢 S&P 500: 6083.75 (+23.00 | +0.38%)

• 🟢 Nasdaq 100: 21836.25 (+185.00 | +0.85%)

• ⚪ Russell 2000: 2365.40 (-0.10 | -0.00%)

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Forex & Bond Highlights

The U.S. dollar takes a slight hit against the euro and yen, while Bitcoin inches upward. Treasury yields continue to push higher, showing confidence or inflation concerns in the long-end of the curve.

• 🟢 EUR/USD: 1.0519 (+0.0053 | +0.50%)

• 🟢 USD/JPY: 153.49 (+0.87 | +0.57%)

• 🔴 GBP/USD: 1.2662 (-0.0011 | -0.08%)

• 🟢 BTC/USD: 100183.20 (+175.00 | +0.17%)

• 🟢 5-Year Treasury: 4.176 (+0.042 | +1.02%)

• 🟢 10-Year Treasury: 4.324 (+0.053 | +1.24%)

• 🟢 30-Year Treasury: 4.547 (+0.068 | +1.52%)

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Major News (Stocks Sorted by Performance)

Stocks feature a standout gainer in ODV, while big names like NVDA, TSLA, and GOOGL struggle. Tech and mega-caps are mixed, with some key players slipping into negative territory.

• 🟢 ODV: +4.49%

• 🟢 AAPL: +0.60%

• 🟢 MSFT: +0.13%

• 🔴 META: -0.30%

• 🔴 AMZN: -0.56%

• 🔴 BLK: -0.60%

• 🔴 COST: -0.63%

• 🔴 BNS: -1.06%

• 🔴 AVGO: -1.39%

• 🔴 NVDA: -1.41%

• 🔴 TSLA: -1.57%

• 🔴 GOOG: -1.57%

• 🔴 GOOGL: -1.76%

• 🔴 RIO: -2.35%

• 🔴 CG: -3.17%

• 🔴 RH: -4.40%

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