Ally Financial, CyberArk, Fortinet, Robinhood Markets, Salesforce, ServiceNow, Procter & Gamble and more


The historic Wall Street of New York City.
ESB Professional / Shutterstock.com
  • Equity markets continued their mid-December slump after gloomy economic news was released on Tuesday.

  • With inflation data due out on Thursday, any higher peak could be another negative data point for stocks.

  • The way stocks are trading amid AI/Data Center concerns and a slowing economy, hopes of a “Santa Claus” rally are fading a bit.

  • If you’re thinking about retiring or know someone who is, there are three quick questions that make many Americans realize they may retire early. it takes 5 minutes to more information here

Futures are trading higher on Wednesday as we reach the midpoint of the last full trading week of the year. Sellers again took their toll on two of the major indexes, while the Nasdaq posted minimal gains after falling around midday. The most significant talking point during the day was the release of the October and November payroll numbers on Tuesday morning. Late US jobs reports show a worrying turnaround: the US lost 105,000 jobs in October, mainly due to a massive cut in the federal government workforce, followed by a 64,000 job gain in November, with the health, social care and leisure and hospitality sectors driving growth as the unemployment rate rose to 46%. The data showed a weakening labor market despite some private sector hiring, with massive job cuts in October and a jump in long-term unemployment giving the bears all they needed. The Dow Jones Industrial Average closed up 0.62% at 48,114, while the S&P 500 was down 0.44% at 6,800. The Nasdaq scored a small win for the Bulls, ending the session at 23,111, up 0.23%.

The yields were down through the Treasury curve as buyers returned following the release of employment data. The slowing economy and weak jobs data are sending a signal to the bond market that there could indeed be more rate cuts in 2026, perhaps as many as two between now and next summer. Investors are also reacting to the Federal Reserve’s recent easing stance and are awaiting upcoming inflation data and other central bank decisions amid unemployment rising to 4.6%, the highest level since September 2021. The 30-year bond ended the day at 4.82%, while the benchmark 10-year note was last seen at 4.15%. Tomorrow’s consumer price index release could be a huge data point.

The prices were lower overall in the energy complex once again, with oil falling to its lowest levels since early 2021. The song remains the same, as fears of oversupply, plus the potential for an end to war between Ukraine and Russia, and gloomy economic data were the main market drivers. Brent crude ended the day down 2.91% at $58.80, while West Texas Intermediate was last seen down 2.97% at $55.13. Natural gas fell again, closing at $3.91. Natural gas has fallen an impressive 23% in the past 2 weeks.



Source link

  • Related Posts

    Form 13G Blueport Acquisition Ltd Due: 17 December

    Form 13G Blueport Acquisition Ltd Due: 17 December Source link

    Ray and Barbara Dalio team up to fund Trump accounts

    Ray and Barbara Dalio team up to fund Trump accounts Source link

    Leave a Reply

    Your email address will not be published. Required fields are marked *