The ultimate buying and selling day of 2024 was low-volume and uneventful, however there’s a lot to unpack earlier than placing a bow on the yr. All three main indexes completed at present’s session decrease, pivoting into the pink noon regardless of a strong open. Whereas the Dow’s 5.3% December loss was its worst month of the yr, the blue-chip index nabbed a quarterly win and added 12.9% in 2024.
The S&P 500 completed December decrease however secured a quarterly win, whereas handing over a second-straight annual acquire of 20% or extra. The Nasdaq managed a win for the month and quarter, and completed the yr 28.6% increased, with giant cap tech shares a driving pressure all yr.
Proceed studying for extra on at present’s market, together with:
- Natural gas ETF cools off from yesterday’s soften up.
- Goal this streaming stock subsequent month.
- Plus, Buffett’s newest purchase; EQT’s personal fairness bump; and SPX brief curiosity rising.
5 Issues to Know Right now
- Home prices rose year-over-year in October. (Wall Avenue Journal)
- Hackers from China supposedly breached the U.S. treasury department. (Reuters)
- Berkshire Hathaway bets large on VeriSign stock.
- Can private equity gas EQT tailwinds?
- What to make of S&P 500 short interest at report peaks.
There have been no earnings of be aware at present.
Gold Logs Greatest Yr in 14 Years
Oil costs rose at present, after U.S. crude oil inventories fell for a sixth consecutive week. Black gold marginally gained year-over-year. February-dated West Texas Intermediate (WTI) crude gained 73 cents or 1.2%, to settle $71.72 per barrel.
Gold costs gained at present, because the demand for safe-haven property swells into 2025. Gold for January delivered added 0.8% to settle round $2,638.90 an oz.. For the yr, gold gained over 26%, its greatest annual efficiency since 2010.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
