🗞️ Market Recap (Wed 17 Dec) | Who are the winners?
🗞️ U.S. Post Market Overview
| Type | Session | Pct | Points | Last | Previous | Trend |
| 🇺🇸 Dow 30 | Wed | -0.47% | -228.29 | 47,885.97 | 48,114.26 |  |
| 🇺🇸 Nasdaq | Wed | -1.81% | -418.14 | 22,693.32 | 23,111.46 | |
| 🇺🇸 S&P 500 | Wed | -1.16% | -78.83 | 6,721.43 | 6,800.26 | |
| 🇺🇸 Russell 2000 | Wed | -1.07% | -27.01 | 2,492.29 | 2,519.30 | |
| 🪙Gold | Wed | -0.12% | -5.3 | 4,368.60 | 4,373.90 | |
| 🪨 Silver | Wed | -0.92% | -0.62 | 66.29 | 66.90 | |
| 🛢️Crude Oil | Wed | 1.79% | 1 | 56.81 | 55.81 |  |
| 🇺🇸 10-Yr Treasury Note | Wed | 0.05% | 0 | 4.15 | 4.15 | |
| ₿ Bitcoin | Wed | -2.09% | 86,008.75 | 87,842.87 | |
From the US
U.S. stocks experienced a decline during Wednesday’s trading session as all major Wall Street indices closed in the red. The Nasdaq Composite took the most significant hit, plummeting by 418.14 points or 1.81%, concluding the session at 22,693.32. The Dow Jones Industrial Average also struggled, shedding 228.29 points or 0.47%, closing at 47,885.97. The S&P 500 did not fare much better, dropping 78.83 points or 1.16% to settle at 6,721.43. This downturn comes amidst cautious sentiments from investors, as they anticipate major upcoming economic data releases which could provide further insights into the domestic economic climate.
The apprehension among investors is partly due to a lack of significant U.S. economic news in the last session. However, the upcoming release of the Initial Unemployment Insurance Claims at 8:30 a.m. on Thursday is expected to shed light on the state of employment within the country. Economists have forecasted a decline in claims compared to previous figures, and any deviation from this could trigger market volatility.
In terms of individual stocks, Toro Co (TTC) and Texas Pacific Land Trust (TPL) were among the top gainers for the session, with TTC surging by 10.71% to 80.43 and TPL adding 7.59% to reach 883.00. On the downside, Fluence Energy Inc (FLNC) and Bloom Energy Corp (BE) were notable losers. FLNC saw its share price drop by 12.86% to 18.57, while BE fell by 12.14% to 76.97. Among the most actively traded stocks were NVIDIA Corporation (NVDA), BigBearai Holdings Inc (BBAI), and Opendoor Technologies Inc (OPEN).
Looking ahead, the market is likely to remain edgy with high anticipation surrounding the release of the unemployment claims data. The direction of the market will potentially hinge on economic indicators reinforcing or challenging the current financial narrative. A positive surprise could uplift investor sentiment, while any negative deviation might exacerbate the market’s apprehension. With no major economic news currently affecting the landscape, these data releases will be pivotal for investors looking to make informed decisions amidst the current market dynamics.
Wall Street Top Gainers, Losers and Active Stocks
Top two gainers in the last trading session include Toro Co (TTC) as the stock surged 10.71% to 80.43 while Texas Pacific Land Trust (TPL) added 7.59% to 883.00.
Losers include Fluence Energy Inc (FLNC), erasing -12.86% from its share price to 18.57 and Bloom Energy Corp (BE) dropped -12.14% to 76.97.
Elsewhere, most active counters were NVIDIA Corporation (NVDA), BigBearai Holdings Inc (BBAI) and Opendoor Technologies Inc (OPEN).
🌏 Asia Markets
| Type | Session | Pct | Points | Last | Previous | Trend |
| 🇦🇺 ASX All Ordinaries | Thu | -0.32% | -28.30 | 8,845.90 | 8,874.20 | |
| 🇦🇺 S&P/ASX 200 | Thu | -0.3% | -26 | 8,559.20 | 8,585.20 | |
| 🇭🇰 Hang Seng | Wed | 0.92% | 233.37 | 25,468.78 | 25,235.41 | |
| 🇲🇾 FTSE Bursa Malaysia | Wed | -0.14% | -2.28 | 1,641.44 | 1,643.72 | |
| 🇳🇿 NZX 50 | Thu | -0.11% | -14.03 | 13,281.88 | 13,295.91 | |
| 🇯🇵 Nikkei 225 | Wed | 0.26% | 128.99 | 49,512.28 | 49,383.29 | |
| 🇵🇭 PSE Index | Wed | 0.48% | 29.04 | 6,084.72 | 6,055.68 | |
| 🇸🇬 Straits Times Index | Wed | -0.09% | -4.25 | 4,575.48 | 4,579.73 | |
| 🇮🇳 NIFTY 50 | Wed | 0.16% | 30.8 | 19,814.20 | 19,783.40 | |
| 🇨🇳 SSE Composite | Wed | 0.06% | 2.36 | 3,870.28 | 3,867.92 | |
🌏 From Asia and Europe
In the latest market activity, Japan’s Nikkei 225 saw a modest increase, gaining 0.26% to close at 49,512.28, showing resilience amidst a broadly mixed global market environment. European markets had a different outcome; Germany’s DAX fell by 0.48%, ending at 23,960.59, reflecting possible investor concerns about recent economic data and outlook. On a brighter note, the UK’s FTSE 100 climbed by 0.92% landing at 9,774.32, possibly fueled by an optimistic sentiment towards UK-specific developments despite a slight decrease in the retail price index for November. Such mixed performance in major indices across regions indicates a varied investor sentiment and differing regional economic conditions.
The economic data presents a mixed outlook. Japan’s trade indicators for November reflect improved exports and imports with a significant positive merchandise trade balance, suggesting robust global demand for Japanese goods. Conversely, Germany’s economic indicators show declines in forward-looking business expectations and current business climate despite a steady current assessment figure. This signals potential challenges ahead for Germany’s economic outlook unless positive catalysts emerge. The United Kingdom shows a weakening inflation scenario with declines in consumer pricing indices, which might signal moderating inflation pressures and could lead the Bank of England to potentially reassess its monetary policy stance. Australia’s increased inflationary expectations might suggest some perceived pressures on future consumer prices, warranting caution in monetary policy decisions. Overall, global markets may face headwinds due to softer economic indicators, especially in Europe, but regions like Japan are showing positive trade data that could bolster market confidence. Investors might remain cautious, reflecting on mixed growth trajectories and inflation trends across different markets.
🇪🇺 Europe and UK 🇬🇧
| Type | Session | Pct | Points | Last | Previous | Trend |
| 🇬🇧 FTSE 100 | Wed | 0.92% | 89.53 | 9,774.32 | 9,684.79 | |
| 🇬🇧 FTSE 250 | Wed | 0.78% | 171.77 | 22,212.75 | 22,040.98 | |
| 🇬🇧 AIM | Wed | 0.46% | 3.43 | 752.84 | 749.41 | |
| 🇫🇷 CAC 40 | Wed | -0.07% | -5.7 | 8,100.46 | 8,106.16 | |
| 🇩🇪 DAX | Wed | -0.48% | -116.28 | 23,960.59 | 24,076.87 | |
| 🇩🇪 MDAX | Wed | -0.27% | -82.09 | 29,964.94 | 30,047.03 | |
| 🇩🇪 TecDAX | Wed | 0.22% | 7.65 | 3,542.17 | 3,534.52 | |
| 🇩🇪 SDAX | Wed | -0.24% | -40.43 | 16,679.87 | 16,720.30 | |
| 🇨🇭 Euro Stoxx 50 | Wed | -0.3% | -16.97 | 5,700.86 | 5,717.83 | |
💵 Forex Markets
| Performance after Tuesday | |||||
| Symbol | Day | Week | Month | Last | Momentum |
| 🇪🇺 🇺🇸 EURUSD | -0.09% | -0.15% | 0.26% | 1.16250 |  |
| 🇬🇧 🇺🇸 GBPUSD | -0.16% | -0.25% | 0.45% | 1.32960 | |
| 🇺🇸 🇯🇵 USDJPY | 0.6% | 0.98% | 0.45% | 156.86 | |
| 🇺🇸 🇨🇦 USDCAD | -0.06% | 0.22% | -0.91% | 1.38460 | |
| 🇦🇺 🇺🇸 AUDUSD | 0.27% | 0.05% | 1.42% | 0.66400 |  |
| 🇳🇿 🇺🇸 NZDUSD | 0.09% | 0.12% | 0.8% | 0.57800 | |
| 🇺🇸 🇨🇭 USDCHF | -0.05% | 0.21% | 0.3% | 0.80610 | |
🌐 In Other Markets
🪙Gold is down by -0.12% (-5.3 USD an ounce) to 4,368.60 USD an ounce as on Wed. Previous day close was 4,373.90.
🪨 Silver is down by -0.92% (-0.62 USD an ounce) to 66.29 USD an ounce as on Wed. Previous day close was 66.90.
🛢️Crude Oil is up by 1.79% (1 USD per barrel) to 56.81 USD per barrel as on Wed. Previous day close was 55.81.
On Wed, 🇺🇸 10-Yr Treasury Note ended the day trading session up by 0.05% (0 basis points) higher to 4.15. Previous day close was 4.15.
₿ Bitcoin is down by -2.09% (-1,834.12 USD) to 86,008.75 USD as on Wed. Previous day close was 87,842.87.
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