Anti-Clickbait News Summaries for December 7, 2024

Meta faces challenges in metaverse ambitions as user interest declines

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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:

• Market Status:
  - It's a Saturday, so regular stock market trading is closed
  - Markets are processing the recent November jobs report that's influencing market sentiment ¹²

• Market Analysis Events:
  - Market experts are conducting analysis sessions discussing:

  • The November jobs report impact

  • Federal Reserve meeting outlook

  • Trump's economic team implications ²

The Markets:

Futures Highlights

A mixed day in the futures market saw energy prices diverge while tech indices pushed higher. Crude oil dropped, but Nasdaq 100 surged, signaling strength in tech stocks.

🔴 Crude Oil: 67.17 (-1.13 | -1.65%)
🟢 Natural Gas: 3.1060 (+0.0270 | +0.88%)
🟢 Gold: 2654.90 (+6.50 | +0.25%)
🔴 Dow: 44694.00 (-173.00 | -0.39%)
⚪ S&P 500: 6096.75 (+8.00 | +0.13%)
🟢 Nasdaq 100: 21634.00 (+160.75 | +0.75%)
🟢 Russell 2000: 2411.20 (+9.00 | +0.37%)

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Forex & Bonds Overview

The U.S. dollar held firm against major currencies, while Treasury yields softened across the board, with the 5-year Treasury seeing the largest drop.

🔴 EUR/USD: 1.0567 (-0.0019 | -0.18%)
🔴 USD/JPY: 149.97 (-0.13 | -0.09%)
🔴 GBP/USD: 1.2736 (-0.0021 | -0.17%)
🟢 BTC/USD: 100340.00 (+690.10 | +0.69%)
🔴 5-Year Treasury: 4.034 (-0.042 | -1.03%)
🔴 10-Year Treasury: 4.151 (-0.029 | -0.69%)
⚪ 30-Year Treasury: 4.331 (-0.005 | -0.12%)

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Major News Movers

Markets were abuzz with earnings and stock-specific movements. LULU stole the spotlight with a double-digit surge, while NVDA struggled despite broader tech strength.

🟢 LULU: +15.89%
🟢 HPE: +10.62%
🟢 ULTA: +8.99%
🟢 SMCI: +6.78%
🟢 RDDT: +6.32%
🟢 PLTR: +6.22%
🟢 TSLA: +5.34%
🟢 AMZN: +2.94%
🟢 META: +2.44%
🟢 GOOG: +1.25%
🟢 GOOGL: +1.20%
⚪ MSFT: +0.21%
🔴 QRVO: -0.52%
🔴 AAPL: -0.08%
🔴 UNH: -5.07%
🔴 NVDA: -1.81%

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