Dow Futures contract was up 75 points, U.S. market news.

Dow Futures

Dow Futures contract was up 75 points, or 0.2%, S&P 500 Futures traded 9 points, or 0.2%, higher and Nasdaq 100 Futures gained 35 points, or 0.2%.

1. Fed minutes, SpaceX faces complaint from U.S. labor department – what’s pushing markets
2. Dow futures edge higher; Walgreens performance, jobs market data in spotlight
3. Walgreens tops Q1 profit predictions on core business performance, reduces dividend
4. Mobileye anticipates preliminary fiscal 2024 revenue below expectations
5. Bitcoin dips, continuing its drop from 2024 high
6. Eli Lilly stock rise extends as BofA labels it top biopharma choice for 2024
7. The Buckle sales decrease in December
8. Microsoft introduces Copilot AI button in first substantial upgrade to PC keyboard in decades
9. Mark Zuckerberg sold $428M worth of Meta shares at the end of 2023
10. Palo Alto Networks technology chief sells stock worth $10.4M
11. U.S. weekly train traffic climbs 3.4% year-over-year
12. Apple stock selloff deepens on second rating cut this week
13. Trump’s Colorado appeal may push US Supreme Court to weigh on his future
14. Wegovy manufacturer Novo Nordisk announces research collaborations with U.S. biotech businesses
15. APA Corp to purchase Callon Petroleum for $4.5 billion
16. Cal-Maine Foods slips as soft eggs price impacts on profit
17. US plans $162 million grant to Microchip Technology to improve manufacturing
18. GM tops US auto sales as industry closes biggest year since 2008
19. US tech stocks slump following greatest year since 2009
20. Disney earns activists’ backing in boardroom dispute with Peltz
21. Equinor, BP terminate arrangement to supply offshore wind electricity to New York

GLOBAL NEWS 

1. India equities up after closing of session; Nifty 50 up 0.66%
2. Japan stocks down after closing of session; Nikkei 225 down 0.56%
3. Australia equities down after close of session; S&P/ASX 200 down 0.39%
4. Sluggish UK economy acquires a little of pace near the end of 2023
5. Australia struggles to quit SUV obsession even as electric vehicle sales approach record
6. Cathay Pacific in market for new mid-sized widebody jets
7. Japan says Coast Guard jet reportedly not approved for take-off before runway crash
8. Global equities, yields slide on cloudy soft-landing forecast
9. GM proposes $7,500 incentive to mitigate Tax Credit loss for EVs
10. Asian stocks ease as speculators evaluate Fed rate drop forecasts
11. European markets rally from three-week lows on energy, healthcare boost
12. Carrefour claims it will not sell PepsiCo items due to price rises
13. Ocean shipping tariffs surge following new Red Sea ship strikes
14. India expected to overshoot FY24 target for state-run enterprises’ payouts by at least $1.4 billion – source
15. Japan Airlines calculates losses from destroyed Tokyo jet
16. Ukraine’s overall export value decreased 18.7% in 2023, to lowest in a decade — economics ministry
17. BAE Systems signs U.S. Army order for M777 gun structures
18. UK December Final Services PMI at 53.4
19. Oil continues advances on Middle East supply fears
20. France services and composite PMI increases in December
21. UK services and composite PMI increases in December
22. Euro Area Composite PMI steady at 47.60 points in December
23. Germany’s Composite PMI at 47.40 points in December, slightly ahead of consensus
24. France’s inflation rate climbs to 3.70% in December
25. Japan’s industrial activity declines further amid poor demand on market uncertainties
26. China Services activity surged to five-month high in December

Economic Data

• ISM U.S. manufacturing activity index rose to 47.4 in December from 46.7 in November and above consensus 47.1 9but marked the 14th consecutive month of shrinking activity); prices paid index slipped to 45.2 in December from 49.9 in November; new orders index 47.1 in December vs 48.3 in November and the employment index 48.1 in December vs 45.8 in November.
• U.S JOLTS job openings for November actual: 8.79M vs. 8.73M and slightly below est. 8.821M.

Global news Updates

Crude is up nearly 1% as tensions in the crude-producing region escalate and after Libya’s largest oilfield halted production. Global benchmark Brent rose toward $79 a barrel, while West Texas Intermediate traded near $73.

China Caixin December Services PMI 52.9 vs. est. 51.6 and prior 51.5; China Caixin December Composite PMI 52.6 vs. prior 51.6 reading.

Russia is planning to buy short-range ballistic missiles from Iran, a step that would enhance Moscow’s ability to target Ukraine’s infrastructure at a critical moment in the conflict, U.S. officials said – WSJ.

The bull-bear spread in the American Association of Individual Investors (AAII) weekly survey was 25.1 vs 21.2 last week. Bulls rise to 48.6% from 46.3%, Neutrals fall to 27.9% from 28.6%, Bears fall to 23.5% from 25.1%.

Economic Calendar

7:30 AM Challenger Layoffs for December
8:15 AM ADP Private Payrolls for December
8:30 AM Weekly Jobless Claims
8:30 AM Continuing Claims
9:45 AM S&P Global Composite PMI, Dec Final
9:45 AM S&P Global Services PMI, Dec-Final
10:30 AM Weekly EIA Natural Gas Inventory Data
11:00 AM Weekly DOE Inventory Data

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