Market Highlights 💡 - 30 December 2024-To The Moon - Tiger Brokers Online Investing Community

Market Highlights 💡 - 30 December 2024

After the Santa Claus rally, profit-taking has occurred, and global stock markets have generally trended lower.

🇺🇸 S&P 500: -1.11% 📉

🇺🇸 Nasdaq: -1.49% 📉

🇪🇺 STOXX 600: +0.67% 📈

🇯🇵 Nikkei 225: +1.39% 📈

🇭🇰 Hang Seng Index: -0.04% 📉

🇨🇳 CSI 300: -0.16% 📉

🇸🇬 Straits Times Index: +0.27% 📈

On Friday, U.S. stock markets generally declined, with the S&P 500 and Nasdaq Composite dropping by -1.1% and -1.5% respectively, as investors took profits ahead of the shortened trading week before the next holiday.

Asian-Pacific stock markets mostly closed lower, with the Hang Seng and CSI 300 falling by -0.04% and -0.2% respectively, as investors took profits during the holiday period while waiting for clarity on further stimulus policies.

Japan's Tokyo core CPI rose by 2.4% year-over-year, below the expected 2.5%, but still above the central bank's target of 2%, with market expectations for further rate hikes remaining.

💡 Upcoming Events: 💡

Monday: Japan will release the final reading of the Jibun Bank Manufacturing PMI.

Tuesday: China will release data, including the NBS Manufacturing and Non-Manufacturing PMI.

Thursday: The U.S. will report Initial Jobless Claims and the final S&P Global Manufacturing PMI, while Europe will report the final HCOB Manufacturing PMI, China will release the Caixin Manufacturing PMI.

End of the week: The U.S. ISM Manufacturing PMI will be released on Friday.

💡 Things to Know Today: 💡

1. Donald Trump calls for the U.S. Supreme Court to delay a law that would ban the popular social media app TikTok or force its sale, vowing to seek a "political solution" to the issue.

Donald Trump x TikTok

2. OpenAI announces plans to reorganize through the creation of a nonprofit company, aiming to raise more funds than expected and remove the restrictions imposed by the current nonprofit parent company.

OpenAI

3. The U.S. has experienced a record 18% increase in homelessness over the past year, attributed to factors such as housing affordability, high inflation, systemic racism, natural disasters, and increased immigration.

US homelessness

4. The Federal Deposit Insurance Corporation (FDIC) has reached an agreement with Vanguard Group to strengthen the oversight of its ability to acquire substantial shares in major U.S. financial institutions.

FDIC

5. Online spending during the holiday shopping period from November 1 to December 24 grew 6.7% compared to last year, while in-store sales increased by 2.9%, as budget-conscious holiday shoppers took advantage of last-minute online discounts.

Holidays online shopping

✅ Key Takeaways:

We are in a strong bull market that has lasted for over two years, so it is not surprising to see some investors taking profits and rebalancing their portfolios ahead of the new year.

@Daily_Discussion @TigerStars @Tiger_comments @TigerGPT

💰 Stocks to watch today?(6 Jan)

1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!

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Comments

TigerGPT
2024-12-30
TigerGPT
Here are some relevant news articles related to the stocks and events you mentioned:
S&P 500
Title: Wall St closes lower at end of holiday-shortened week
Summary: US markets closed lower after a sell-off thwarted the seasonal Santa Claus rally.

Nasdaq Composite
Title: Bitcoin Rally Fueled by Trump Loses Steam as Year Draws to Close
Summary: The Bitcoin rally sparked by US President-elect Donald Trump’s election victory in early November is stalling as 2024 draws to a close. Smaller tokens like Ether and meme-crowd favorite Dogecoin also struggled for traction.

Hang Seng
Title: Hong Kong Stocks Open Higher on Monday; Smoore International Surges 15%; Xiaomi Gains 1.5%
Summary: On December 30, 2024, the Hong Kong stock market opened with mixed performance. The Hang Seng Index (HSI) rose by 0.17%, the Hang Seng China Enterprises Index (HSCEI) increased by 0.22%. In terms of industry sectors, the tobacco sector saw a significant increase, with Smoore International surging by 14.74%.

CSI 300
No relevant news found for the CSI 300 on the specified date.

Tokyo Core CPI
No relevant news found for Tokyo Core CPI on the specified date.

Please note that the news articles provided are for informational purposes only and do not constitute investment advice. It's essential to conduct thorough research and analysis before making any investment decisions.
Let me know if there's anything else I can assist you with!
- TigerGPTReplyShyon:
  Certainly! Here are 10 major events in the stock market for 2024:
  The continuation of the bull market: The stock market saw strong gains throughout the year, extending the bull market that began in 2022. Investors remain optimistic about the overall economic outlook.
  
  Central bank policies: Central banks around the world, including the Federal Reserve, continued to implement accommodative monetary policies to support economic growth. This included keeping interest rates low and implementing quantitative easing measures.
  
  Inflation concerns: Inflation became a major concern for investors as global economies recovered from the pandemic-induced slowdown. Rising prices and supply chain disruptions prompted central banks to closely monitor inflationary pressures and determine appropriate policy responses.
  
  Technological advancements: The technology sector continued to be a driving force in the stock market, with advancements in areas such as artificial intelligence, cloud computing, and blockchain technology. Companies in these sectors experienced significant growth and attracted investor attention.
  
  Mergers and acquisitions: There were several notable mergers and acquisitions in the stock market throughout 2024. Companies sought to strengthen their market positions, expand their business lines, and capitalize on synergies in various industries.
  
  Regulatory changes: Regulatory developments, especially in the areas of technology and finance, had a significant impact on the stock market. Regulatory scrutiny on big tech companies and increased oversight on financial institutions brought uncertainty to the market.
  
  Geopolitical tensions: Geopolitical tensions, such as trade disputes and political unrest, influenced market sentiment. Trade negotiations between major economies and geopolitical events had the potential to disrupt global markets.
  
  Environmental, Social, and Governance (ESG) investing: ESG considerations gained prominence in the stock market, with investors increasingly focusing on companies that exhibit strong environmental, social, and governance practices. ESG-themed investment products gained popularity.
  
  Cryptocurrency market growth: The cryptocurrency market experienced significant growth in 2024, with increased adoption and mainstream acceptance. Major cryptocurrencies such as Bitcoin and Ethereum reached new all-time highs, attracting both retail and institutional investors.
  
  Pandemic recovery: As the world continued to recover from the COVID-19 pandemic, the stock market reflected varying degrees of recovery across different sectors and regions. Vaccine distribution, economic reopening, and ongoing public health measures played a crucial role in market performance.
  
  Please note that while these events were significant in 2024, there were undoubtedly many other noteworthy developments throughout the year. It's important to keep up with news and research to stay informed about the dynamic nature of the stock market.
  Remember, this information is for reference purposes only and does not constitute investment advice.
- Shyon:
  Please recap 10 major events in stock market for 2024.
Tiger_CashBoostAccount
2024-12-31
Tiger_CashBoostAccount
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