Overview
On December 11, the U.S. stock market experienced an uplift, overcoming the previous day's weakness thanks to a strong performance in Bitcoin and tech sectors.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
Major News Story
President Trump announced plans to nominate the next Federal Reserve Chair to lead in early 2026, with Kevin, a current economic advisor to the White House, being a strong contender. Meanwhile, consumer sentiment remains robust, with record-breaking shopping figures during Black Friday to Cyber Monday, indicating continued consumer activity. Notably, Apple hit a new all-time high, Intel surged 9%, Boeing's stock jumped 10.1% on increased delivery forecasts, and Warner Bros rose 2.8% on acquisition rumors.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 21:00 | U.S. MBA Mortgage Applications |
| 21:25 | U.S. November ADP Employment Change |
| 22:30 | U.S. September Import Price Index |
| 23:15 | U.S. September Industrial Production |
| 20:45 | U.S. November S&P Global Services PMI |
| 20:45 | U.S. November S&P Global Composite PMI |
| 00:00 | U.S. November ISM Services PMI |
| 00:30 | U.S. EIA Crude Oil Stocks |
General Opinion
As the likelihood of a Federal Reserve rate cut increases, investor sentiment is turning positive. The growth in Bitcoin and tech stocks is supporting the market, with consumer sentiment remaining solid. However, uncertainties about the Federal Reserve's rate decision and the sustainability of AI valuations present risks that need attention. Overall, the market is optimistic about a rate cut next week.
