Anti-Clickbait News Summaries for December 6, 2024

OpenAI releases o1-best model with smarter answers but raises concerns over deceptive behavior

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The newsletter is read daily by decision-makers from companies ranging from Silicon Valley to oil traders in the Emirates and Saudi Arabia, and back to the blue chips on Wall Street.

Happening Today:

Important scheduled events for December 6, 2024, that could impact the US stock market:

Economic Data Releases:
- 8:30 ET: US Non-Farm Payrolls Report (November 2024)
- Key employment data closely watched by markets
- Includes unemployment rate, wage growth, and job creation figures
- Critical for Fed policy decisions

• 10:00 ET: Michigan Consumer Sentiment Index (Preliminary December 2024)

  • Important indicator of consumer confidence

  • Provides insight into potential consumer spending trends

Corporate Earnings (Notable companies reporting):
- No major S&P 500 companies scheduled for earnings release

Federal Reserve:
- Blackout period ahead of December 12-13 FOMC meeting
- No scheduled Fed speaker appearances

Treasury Activities:
- Regular weekly T-Bill auctions
- 13-week and 26-week bills offering

The Markets:

Futures Highlights

Futures are mixed, with energy on the back foot while gold edges higher. Equity indices are mostly flat, indicating cautious market sentiment.

• 🔴 Crude Oil: 67.67 (-0.63 | -0.92%)

• 🔴 Natural Gas: 3.0480 (-0.0310 | -1.01%)

• 🟢 Gold: 2658.30 (+9.90 | +0.37%)

• 🔴 Dow: 44817.00 (-50.00 | -0.11%)

• 🔴 S&P 500: 6084.00 (-4.75 | -0.08%)

• 🟢 Nasdaq 100: 21478.00 (+4.75 | +0.02%)

• 🟢 Russell 2000: 2405.20 (+3.00 | +0.12%)

Forex & Bonds Highlights
Currency and bond markets are relatively stable, with minor fluctuations in major currencies. Bond yields are steady, reflecting cautious interest rate expectations.

• 🔴 EUR/USD: 1.0585 (-0.0001 | -0.01%)

• 🟢 USD/JPY: 150.52 (+0.43 | +0.28%)

• 🟢 GBP/USD: 1.2770 (+0.0012 | +0.10%)

• 🔴 BTC/USD: 97860.00 (-88.10 | -0.09%)

• 🟢 5-Year Treasury: 4.076 (+0.014 | +0.34%)

• ⚪ 10-Year Treasury: 4.18 (0 | 0.00%)

• 🔴 30-Year Treasury: 4.336 (-0.011 | -0.25%)

Major News Stocks Highlights
Tech and growth names largely lead the pack, with Tesla posting solid gains. Still, a few notable names slipped into the red, showing mixed investor appetite.

Biggest Winners to Losers

• 🟢 TSLA: +3.23%

• 🟢 TSM: +1.80%

• 🟢 MSFT: +1.19%

• 🟢 AMZN: +1.10%

• 🟢 BLK: +0.94%

• 🟢 WMT: +0.90%

• 🟢 LULU: +0.74%

• 🟢 DG: +0.13%

• 🟢 AAPL: +0.01%

• 🔴 NVDA: -0.06%

• 🔴 DOCU: -0.37%

• 🔴 HPE: -0.51%

• 🔴 META: -0.79%

• 🔴 GOOGL: -0.99%

• 🔴 GOOG: -1.01%

• 🔴 SMCI: -1.60%

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