The S&P 500 starts today on a four-day losing streak ahead of an ECB rate decision and U.S. CPI. Analysts expect a 0.3% headline inflation rise. FedEx and Nike report later today.
Robust earnings from chipmaker Micron and lighter-than-expected CPI data delivered a dose of optimism to the market after a four-session losing streak. FedEx, Nike report later.
Natural Gas futures (/NGF25) have pulled back after hitting a 3-year high on December 5th, at 5.496 as concerns of a colder than normal winter have subsided.
Tomorrow's CPI data and ECB rate meeting are possible near-term catalysts, and chip giant Micron reports later today. Stocks rose early, with tech gains and Fed speakers in focus.
Today's delayed November jobs report at 8:30 a.m. ET is likely to set the tone. Analysts see lethargic growth of 30,000. Tech shares, especially AI, lost more ground Monday.
As Congress wraps up for 2025, all eyes are on whether lawmakers will extend health-insurance subsidies—the issue at the heart of the 43-day government shutdown earlier this year.
Tomorrow's jobs report, Thursday's Nike results and Friday's BOJ decision are weekly highlights, but focus could stay on fast-retreating tech stocks and rising Treasury yields.
The Dow Jones, S&P 500 Equal Weight and Russell 2000 all hit fresh all-time highs this week while tech stocks slumped on AI concerns. Will sector rotation be enough to set the bulls up for a year-end rally?
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