Anti-Clickbait News Summaries for December 3, 2024

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From now on, I will include these short snippets of what is supposed to happen today. For the first week of December they will be included for free, and then they will be moved to the paid section of this newsletter:

According to the available information, there are 2 significant events scheduled for today in the U.S. stock market:

1. Fresh jobs data (JOLTS report): The Job Openings and Labor Turnover Survey (JOLTS) report is scheduled to be released today. This report provides important insights into the labor market, including job openings, hires, and quits. ¹

2. Federal Reserve speeches ("Fedspeak"): Some Federal Reserve officials are expected to give speeches today. These speeches, often referred to as "Fedspeak," can provide valuable insights into the Fed's perspective on the economy and potential future monetary policy decisions. ¹

Both of these events are significant because they can influence market sentiment and expectations regarding future Federal Reserve policy decisions. The jobs data, in particular, can affect views on the state of the economy, while Fed officials' comments can offer clues about potential changes in interest rates or other monetary policies.

The Markets:

Futures Highlights

Crude oil surges, while natural gas tumbles. Gold edges higher, and stock indices remain mostly stable with slight mixed changes.

• 🟢 Crude Oil: 69.28 (+1.18 | +1.73%)

• 🔴 Natural Gas: 3.1260 (-0.0870 | -2.71%)

• 🟢 Gold: 2663.40 (+4.90 | +0.18%)

• ⚪ Dow: 44888.00 (-17.00 | -0.04%)

• 🟢 S&P 500: 6063.75 (+2.00 | +0.03%)

• ⚪ Nasdaq 100: 21211.00 (-7.00 | -0.03%)

• ⚪ Russell 2000: 2441.90 (-0.60 | -0.02%)

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Forex & Bonds Updates

Currencies see modest moves, with the euro ticking up slightly and Bitcoin dropping over 1%. Treasury yields are a mixed bag, showing slight upticks in the shorter term.

• 🟢 EUR/USD: 1.0507 (+0.0010 | +0.09%)

• ⚪ USD/JPY: 149.62 (+0.05 | +0.03%)

• 🔴 GBP/USD: 1.2644 (-0.0004 | -0.03%)

• 🔴 BTC/USD: 94787.00 (-1147.00 | -1.20%)

• 🟢 5-Year Treasury: 4.095 (+0.04 | +0.99%)

• 🟢 10-Year Treasury: 4.196 (+0.018 | +0.43%)

• 🔴 30-Year Treasury: 4.361 (-0.005 | -0.11%)

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Major Stock Movers

Tech stocks lead gains, with TSLA soaring. Meanwhile, T and INTC lag.

• 🟢 TSLA: +3.46%

• 🟢 MSFT: +1.78%

• 🟢 GOOGL: +1.50%

• 🟢 GOOG: +1.46%

• 🟢 AMZN: +1.36%

• 🟢 AAPL: +0.95%

• 🟢 ZS: +0.93%

• 🟢 C: +0.73%

• 🟢 X: +0.44%

• ⚪ NVDA: +0.27%

• 🔴 XOM: -0.09%

• 🔴 BLK: -0.26%

• 🔴 BNS: -0.44%

• 🔴 CNM: -0.54%

• 🔴 INTC: -0.50%

• 🔴 T: -1.99%

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