Anti-Clickbait News Summaries for December 4, 2024

Nvidia CEO Jensen Huang promotes AI as essential global infrastructure

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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:

- Federal Reserve Chair Powell's Speech: Markets await his commentary on monetary policy ¹
- Key Jobs Data Release: Important employment figures coming out today ¹

Market Context:
- Markets are opening on an optimistic note, with tech stocks leading the momentum ¹
- Both the S&P 500 and Nasdaq are positioned near their historic highs ²³
- This follows a strong November performance, making today's economic indicators particularly significant for market sentiment ³

Today's events are especially noteworthy as they could provide insights into future Fed policy decisions and economic health as we approach the end of 2024.

The Markets:

Futures Highlights

The futures market shows modest gains in equities, with crude oil holding steady, while natural gas sees a notable drop. Gold slips slightly.

🟢 Crude Oil: 70.00 (+0.06 | +0.09%)
🔴 Natural Gas: 2.9900 (-0.0520 | -1.71%)
🔴 Gold: 2664.30 (-3.60 | -0.13%)
🟢 Dow: 44976.00 (+168.00 | +0.37%)
🟢 S&P 500: 6080.75 (+17.50 | +0.29%)
🟢 Nasdaq 100: 21418.75 (+137.25 | +0.64%)
🟢 Russell 2000: 2425.80 (+2.30 | +0.09%)

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Forex & Bonds Highlights

Currency movements are muted, with the USD gaining against the yen, while Treasury yields edge higher across the board.

🔴 EUR/USD: 1.0499 (-0.0006 | -0.06%)
🟢 USD/JPY: 150.99 (+1.41 | +0.94%)
🔴 GBP/USD: 1.2671 (-0.0002 | -0.01%)
🔴 BTC/USD: 95912.00 (-146.00 | -0.15%)
🟢 5-Year Treasury: 4.106 (+0.011 | +0.27%)
🟢 10-Year Treasury: 4.223 (+0.027 | +0.64%)
🟢 30-Year Treasury: 4.394 (+0.033 | +0.76%)

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Major Stock Highlights

Stocks are a mixed bag, with COIN and LLY posting strong gains, while ZS and FL suffer the steepest losses.

🟢 COIN: +2.30%
🟢 LLY: +1.69%
🟢 AMZN: +1.30%
🟢 OKTA: +1.06%
🟢 NVDA: +1.18%
🟢 CRM: +0.13%
⚪ MSFT: +0.05%
⚪ GOOG: +0.02%
🔴 DLTR: -0.45%
🔴 BAC: -0.47%
🔴 MRVL: -0.98%
🔴 TSLA: -1.59%
🔴 GM: -2.51%
🔴 FL: -3.86%
🔴 ZS: -4.73%

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