Anti-Clickbait News Summaries for December 10, 2024

Biden warns against Trump tax cuts while touting economic achievements

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Happening Today:

Economic Data Releases:
- NFIB Small Business Optimism Index (November data) - Released early morning
- Consumer Price Index (CPI) for November - This is one of the most significant releases of the month, closely watched by markets for inflation trends
- Real Earnings Report (November data)

Federal Reserve:
- Federal Open Market Committee (FOMC) begins its two-day meeting
- This is the final FOMC meeting of 2024, with the decision and projections to be announced tomorrow

Notable Earnings Reports Scheduled:
- Oracle Corporation (ORCL) - After market close
- Broadcom Inc. (AVGO) - After market close
- ABM Industries (ABM) - After market close

Treasury Activities:
- 3-year Treasury note auction
- 10-year Treasury note auction

These events, particularly the CPI data and the start of the FOMC meeting, are likely to cause market volatility as they provide crucial information about inflation trends and potential monetary policy directions. The Oracle earnings will be especially important for the tech sector after market hours.

The Markets:

Futures Highlights
Mixed futures this morning, with gold standing out positively while energy shows small movements. Major equity indexes offer a mixed picture, with Nasdaq leading gains and Dow slightly down.

🟢 Crude Oil: 68.48 (+0.11 | +0.16%)
🔴 Natural Gas: 3.0930 (-0.0890 | -2.80%)
🟢 Gold: 2714.30 (+28.50 | +1.06%)
🔴 Dow: 44349.00 (-130.00 | -0.29%)
⚪ S&P 500: 6070.00 (+4.25 | +0.07%)
🟢 Nasdaq 100: 21584.50 (+100.75 | +0.47%)
🔴 Russell 2000: 2391.40 (-6.90 | -0.29%)

Forex & Bonds Highlights
The dollar shows strength against most major currencies, while Bitcoin remains resilient. Bond yields tick higher, reflecting ongoing market tension.

🔴 EUR/USD: 1.0522 (-0.0031 | -0.29%)
🟢 USD/JPY: 151.74 (+0.53 | +0.35%)
⚪ GBP/USD: 1.2744 (-0.0006 | -0.05%)
🟢 BTC/USD: 97797.70 (+732.10 | +0.75%)
🟢 5-Year Treasury: 4.098 (+0.026 | +0.64%)
🟢 10-Year Treasury: 4.23 (+0.031 | +0.74%)
🟢 30-Year Treasury: 4.419 (+0.029 | +0.66%)

Major News Stocks
Travel and tech lead the pack with robust gains, while several retailers and AI-focused names struggle. Market rotations continue as investors parse recent earnings and shifting sentiment.

Biggest Winners:
🟢 ALK: +11.33%
🟢 GOOGL: +5.33%
🟢 GOOG: +5.25%
🟢 TSLA: +2.58%
🟢 NVDA: +1.78%
🟢 META: +1.57%
🟢 AMZN: +0.47%
🟢 MSFT: +0.31%
⚪ AAPL: +0.06%

Biggest Losers:
🔴 AZO: -0.21%
🔴 TSM: -0.33%
🔴 M: -1.20%
🔴 ORCL: -7.53%
🔴 MDB: -8.78%
🔴 AI: -9.19%
🔴 DBI: -12.78%

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