At the opening this Thursday, the DOW JONES fell 0.30% to 43,168 points, while the S&P 500 fell 0.27%, to 6,023 points, and the Nasdaq OMX tech lost 0.29% to 19,977 points. .
Negative trend after Christmas, in which a full session is expected but with few incentives, since many investors are on vacation before the Christmas festivities, so business volume will suffer.
Furthermore, with barely a macroeconomic reference: lThe usual weekly requests for unemployment benefitsfrom last week, which help us take the temperature of the American labor market. Specifically, jobless claims fell by 1,000 to 219,000 last week, but continuing claims rose to the highest level since 2021, at 1.91 million.
The United States labor market, according to market experts, seems to be saying that there are layoffs, but also limited opportunities for job seekers.
All this after a Christmas Eve session, at half throttle and with half a session, in which the DOW JONES rose 0.91% at the close to 43,297, thus erasing previous losses, while the S&P 500 added 1, 1% to 6,040 and the technological Nasdaq rose 1.35% to 20,031.
Larger advances for a Nasdaq that was supported by the increases in values such as Tesla, which gained 7.4% at the close of the session, although Meta (Facebook) and Amazon also climbed above one percentage point.
Furthermore, in the last session what is traditionally known as the beginning of the seasonal Santa Claus rally, which occurs in the last five trading days of the year and the first two of January.
Since 1950, the S&P 500 has generated an average return of 1.3% during this period, far outperforming the market’s seven-day average return of 0.3%according to LPL Research.
For Paul Hickey, co-founder of Bespoke Investment Group, speaking to CNBC, “there are a lot of good things to think about, but I think, at the same time, “It is advisable to moderate the enthusiasm because the market has recovered.”
Also, keep in mind that with two consecutive days of earnings, The S&P 500 is up 1.8% this week, while the Dow has gained about 1%. The strong recovery of large-cap technology companies made The Nasdaq rose 2.3% so far this week, until the close of the last session.
All of this also leads to marking a ‘tech December’, with a Nasdaq that has advanced 4.2% so far in the last month of the year, with Alphabet-A skyrocketing by double digits, 16% and Apple with revaluations of 9%, also followed by important advances for Tesla.
Meanwhile, Dow Jones is up 34% so far this month. However, it is still 3.6% below in December, on its way to its worst monthly performance since April.
As far as values are concerned, after the initial scare American Airlines se was recovering slightly after the airline briefly suspended all its flights in the United States due to a technical problem on one of the busiest days of the year. today it gives something above 1% at the opening,
All this while, in this session we will be very attentive to NVIDIA, after the report published by Vanda Research. It indicates that they invested almost $30 billion in Nvidia shares this year in totalThis shows that it has suited institutional investors, but also retail investors, with net inflows that have multiplied by almost nine times since 2021.
“Nvidia turned out to be the only stock that stole the spotlight from Tesla thanks to its impressive price increases”said Marco Iachini, senior vice president of Vanda. “The performance speaks for itself.” Today the value starts the day with cuts of 0.6%.
GameStop-A is also in the news, with advances in the first minutes of business exceeding 4%, extending Tuesday’s gains. The video game retailer is up four days in a row and is up more than 77% in 2024.
While moderate cuts for Starbucks shares. And all after workers at the coffee chain extended a strike earlier this week. The holiday worker strike now affects more than 300 stores in 45 states.
Already in fixed income, the benchmark American 10-year bond rises to 4.641%, while, it confirms an exponential increase of 74.5% so far this year. The 2-year bond also advances to 4.372% and the year rises 10.4%.
In raw materials markets, oil prices rise thanks to the hopes placed by investors in additional fiscal stimulus in China, the world’s largest oil importer, and supported by an industry report that showed a decline in US inventories.
US West Texas futures rose 0.78% to $70.68 per barrel. The benchmark Brent in Europe advances 0.68% to $73.67 per barrel.
Gold Futures are already advancing positions in a session of little activity in the midst of the end-of-year holidays, while markets await clues about the Federal Reserve’s plans for interest rates in 2025 and the Government’s tariff policies. incoming Donald Trump.
At this time, the precious metal It becomes more expensive by 0.26% in its futures price, up to 2,642 dollars and the cash advances 0.36% to 2,626 dollars.
The Euro Dollar drops 0.07% against the dollar until the exchange rate remains at 1.0398 dollars for each community currency. And the dollar index falls 0.07% to 108.18.
Meanwhile, Bitcoin is moving again with cuts of 2.69%, although recovering levels that we had left at Christmas around $93,000 per asset. At this time it is exchanged at $95,787.