Intel May Give Markets A Boost In Light Post-Holiday Trading

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 26 December 2023 10:09:46 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( Breaking: Price of Gold & Silver set to EXPLODE in 2023! Read Now... Attention investors and retirement savers...Investment experts and even mainstream news publications are predicting a windfall for gold and silver prices in 2023! This could be the year we see the value of precious metals like gold and silver EXPLODE! You won't want to miss out! [Reserve Your FREE Gold & Silver Kit Today!]( --------------------------------------------------------------- US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a slightly higher open on Tuesday, with stocks likely to move to the upside as trading resumes following the Christmas Day holiday. The markets may receive a boost from a jump by shares of Intel (INTC), as the semiconductor giant is surging by 2.0 percent in pre-market trading. The advance by Intel comes following news the Israeli government has agreed to give the company a $3.2 billion grant toward the construction of a new $25 billion chip-making facility in southern Israel. Stocks may also continue to benefit from optimism about the outlook for interest rates following last week?s tamer-than-expected consumer price inflation data. On the heels of the data, CME Group?s FedWatch Tool is indicating a 75.6 percent chance the Federal Reserve will cut rates by a quarter point in March. Overall trading activity may be somewhat subdued, however, as many traders are likely to remain away from their desks following the holiday. A lack of major U.S. economic data may also keep traders on the sidelines ahead of a relatively quiet week on the U.S. economic front. After an early move to the upside, stocks fluctuated over the course of the trading session on Friday before eventually ending the session narrowly mixed. The Nasdaq and the S&P 500 closed modestly higher, while the narrower Dow edged slightly lower. While the Dow slipped 18.38 points or 0.1 percent to 37,385.97, the Nasdaq rose 29.11 points or 0.2 percent to 14,992.97 and the S&P 500 crept up 7.88 points or 0.2 percent to 4,754.63. Despite the mixed performance on the day, the major averages all moved higher for the week. The Nasdaq jumped by 1.2 percent, the S&P 500 advanced by 0.8 percent and the Dow edged up by 0.2 percent. Stocks initially benefited from the release of tamer-than-expected U.S. inflation data, but other upbeat economic data led to some uncertainty about the outlook for interest rates. The Commerce Department released a highly anticipated report showing the annual rate of consumer price growth decelerated to 2.6 percent in November from a downwardly revised 2.9 percent in October. Economists had expected the pace of price growth to slow to 2.8 percent from the 3.0 percent originally reported for the previous month. The annual rate of growth by core consumer prices, which exclude food and energy prices, also slowed to 3.2 percent in November from a downwardly revised 3.4 percent in October. Economists had expected core consumer price growth to decelerate to 3.3 percent from the 3.5 percent originally reported for the previous month. The readings on inflation, which are said to be preferred by the Federal Reserve, were included in the Commerce Department's report on personal income and spending. The bigger than expected slowdown in consumer price growth added to optimism the Fed is poised to pivot to cutting interest rates early next year. Meanwhile, the Commerce Department released a separate report showing new orders for U.S. manufactured durable goods surged by much more than expected in the month of November. The report said durable goods orders spiked by 5.4 percent in November after tumbling by a revised 5.1 percent in October. Economists had expected durable goods orders to jump by 2.2 percent compared to the 5.4 percent nosedive that had been reported for the previous month. Excluding a rebound in orders for transportation equipment, durable goods orders climbed by 0.5 percent in November after falling by 0.3 percent in October. Ex-transportation orders were expected to inch up by 0.1 percent. Alex McGrath, Chief Investment Officer for NorthEnd Private Wealth, noted core consumer price growth is still well above the Fed's target of 2.0 percent, which he said is "less supportive of the imminent cuts the market is expecting." "This especially comes into focus looking at the durable goods orders that came in wildly above expectations," McGrath said. "The idea that to drive inflation down the economy needs to slow has once again put the Fed in between a rock and a hard place." He added, "If the economy never slows down enough to fully stamp inflation out and they begin cutting, do we see an Arthur Burns 2.0 moment where the battle with inflation rears its head again in 2024? That will undoubtedly be one of the more pressing questions facing investors next year." A steep drop by shares of Nike (NKE) weighed on the Dow, with the athletic apparel and footwear giant plunging by 11.8 percent after the company lowered its revenue outlook and unveiled plans to cut $2 billion in costs over the next three years. --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( Standard & Poor's is scheduled to release its report on home prices in major metropolitan areas in the month of October at 9 am ET. At 1 pm ET, the Treasury Department is due to announce the results of this month?s auction of $57 billion worth of two-year notes. --------------------------------------------------------------- [3 Tiny Stocks Primed to Explode]( The world's greatest investor ? Warren Buffett ? has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns. [Click here for full details and to join for free.]( --------------------------------------------------------------- Stocks in Focus Shares of Gracell Biotechnologies (GRCL) are skyrocketing in pre-market trading after the China-based biopharmaceutical company agreed to be acquired by AstraZeneca (AZN) in a deal valued at up to $1.2 billion. Chinese electric carmaker Nio (NIO) is also likely to see initial strength after unveiling its flagship sedan at an annual customer event on Saturday. Shares of Manchester United (MANU) may also move to the upside after British billionaire Jim Ratcliffe finalized a deal to acquire up to a 25 percent stake in the soccer club. --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe The major European markets remain closed on the day in observance of Boxing Day. --------------------------------------------------------------- Do you have a full view of the market? Level 2 lets you see all of the orders to buy and sell shares, allowing you to see what is really going on in the market. If you don?t have this in your trading toolkit, you?re at a serious disadvantage. [Learn More / Upgrade]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended mixed in thin trading on Tuesday, with markets including Hong Kong, New Zealand and Australia closed for holidays. The dollar wobbled as softer-than-expected reading on the PCE price index, the Fed's preferred inflation gauge, bolstered bets that the Federal Reserve will cut interest rates in 2024. Lower Treasury yields helped gold prices tick higher in light trading, while oil prices were little changed after Israel said it was "intensifying the fighting" against Hamas in Gaza. China's Shanghai Composite Index fell 0.7 percent to 2,898.88 as economic jitters persisted. Semiconductor shares declined, more than offsetting gains in the gaming sector after several companies announced share buyback plans. Japanese shares eked out modest gains as the yen steadied near its recent five-month peak on expectations that the Bank of Japan (BOJ) could soon mark an end to its ultra-easy policy. On Monday, Bank of Japan Governor Kazuo Ueda said the likelihood of achieving the central bank's 2 percent inflation target was "gradually rising" and it would consider changing policy if prospects of sustainably achieving the price stability target rise "sufficiently.? The Nikkei 225 Index edged up 0.2 percent to 33,305.85, while the broader Topix Index settled marginally higher at 2,338.86, led by shippers and chip-related stocks. South Korea's KOSPI inched up 0.1 percent to 2,602.59 after choppy trading. Bio stocks gained ground, with Celltrion rising 1.8 percent. Defense stocks led losses, with Hanwha Aerospace and LIG Nex1 both tumbling around 4 percent. --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- Commodities Crude oil futures are jumping $1.44 to $75 a barrel after dipping $0.33 to $73.56 a barrel last Friday. Meanwhile, after climbing $17.80 to $2,069.10 an ounce in the previous session, gold futures are rising $5.30 to $2,074.40 an ounce. On the currency front, the U.S. dollar is trading at 142.33 yen versus the 142.41 yen it fetched at the close of New York trading on Friday. Against the euro, the dollar is trading at $1.1016 compared to last Friday?s $1.1010. --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49