πKey events in the coming week, share your trading plans!
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[Winners Announcement:27 Dec]
1.Here are the 6 Tigers whose post has the best quality & interaction last Friday:
Congratulations on being offered 50 Tiger Coins!
3 AI-Driven Tech-related Comsuption Stocks
European EV Stock (PSNY) Is Another Northvolt In The Making?
How I Profited $37 in Just One Hour with a Covered Call Strategy π°
2.Here are the stocks mentioned by the above Tigers: $Twilio(TWLO)$ $Gap, Inc(GAP)$ $Polestar Automotive(PSNY)$ $Block(SQ)$ $Palantir Technologies Inc.(PLTR)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-40 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
Weekly Hot Stocks
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Global Markets Weekly Update
Major stock indexes produced moderate gains in the final full week of the year. The relatively quiet week started with a continuation of the previous Fridayβs move in a rally largely driven by large-cap growth stocks, with the technology-heavy Nasdaq Composite leading the way and the Russell 1000 Growth Index outpacing its value counterpart through Tuesday. However, this trend reversed following Wednesdayβs market closure for Christmas as most indexes declined in the second half of the week, giving back some of their earlier gains.
The Labor Department reported on Thursday that applications for unemployment benefits declined slightly to 219,000 for the week ended December 21, the lowest reading since mid-November. However, continuing claims rose to 1.91 million for the prior week, the highest since late 2021, a sign that it is taking longer for out-of-work individuals to find new jobs.
U.S. Treasury yields were generally higher heading into Friday amid light holiday trading, with the yield on the benchmark 10-year note touching an intraday high of 4.641% on Thursday. (Bond prices and yields move in opposite directions.) High yield bonds advanced modestly on muted trading volumes, supported by equity gains through Thursday and a generally stable macro backdrop. No new deals were announced during the week, and the primary calendar is expected to remain dormant through the end of the year.
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