💼 Market rebounds

Wall Street rebounds after big loss... your pre-market briefing inside →                                                                                                                                                                                                                                                                                                                                                                                                                 December 22, 2023 | [Read Online]( ☕️🎄 Good morning. The Fast Five → Wall Street [rebounds]( after big loss, Apple [pulls watches]( from online sales, [Anthropic]( in talks to raise $750M at $18B+ valuation, [Musk blasts markets]( saying indexing has ‘gone too far’, and [Blavatnik]( joins Harvard donor revolt… On behalf of the MarketBriefing team, we wish you a joyous, peaceful holiday! We look forward to seeing you back here on Tuesday, December 26th. Here’s your 5-min briefing for Friday: BEFORE THE OPEN As of market close 12/21/2023. MARKETS: - Stock futures slightly lower as year-end rally continues. - Dow futures down 0.3%, S&P 500 and Nasdaq futures dip 0.1%. - Wall Street rebounds with Dow erasing most of previous day's losses. - Russell 2000 leads with a 1.7% gain, reflecting broadening market rally. - Nike shares drop 11% in extended trading due to soft revenue warning. - Upcoming data includes consumer spending and key inflation reading. - Major averages on track for eighth consecutive positive week. - U.S. stock market closed on Monday for Christmas. EARNINGS Full earnings calendar [here]( [Wall Street Bounces Back After a Big Loss, and S&P 500 Again Nears Record]( Wall Street rebounded Thursday to claw back most of its sharp drop from the prior day, which was its first big step backward since a rally began in late October. [Apple Pulls Online Sales of Apple Watches]( Ahead of the International Trade Commission’s ban taking effect, the Apple Watch Series 9 and Ultra 2 are only available in Apple Stores and from other retailers. - US inflation report to show Fed’s battle is now all but complete ([more]() - IRS unveils ‘voluntary disclosure program’ for businesses duped by pandemic-era tax credit ([more]() - Container rates hit $10,000 as ocean freight inflation soars in Red Sea crisis ([more]() - Exporters explore cargo flights as way out of Red Sea ([more]() - US scrutinizing airline frequent flyer programs ([more]() - Tencent, NetEase shares plummet on new China online gaming guidelines ([more]() - Harvard financial pain grows as Blavatnik joins donor revolt ([more]() - House committee to investigate allegations of plagiarism against Harvard president ([more]() - Musk blasts public markets, says indexing has ‘gone too far’ ([more]() - Boeing hands over first 787 Dreamliner to China since 2019 ([more]() - Anthropic, the OpenAI rival, is in talks to raise $750 million in funding at $18.4 billion valuation ([more]() - Warner Bros Discovery, Paramount will be 'worse off' together - analysts ([more]() - Apple plans to launch mixed-reality headset by February ([more]() - Honda recalling about 4.5 million vehicles worldwide over fuel pump issue ([more]() - 38% of VCs disappeared from dealmaking in 2023 ([more]() - Former Swiss finance executive pleads guilty to tax evasion scheme that hid $60 million ([more]() PARTNER WITH MARKETBRIEFING [SEND ME PARTERSHIP INFO]( DEALFLOW M & A | INVESTMENTS: - Cisco is to acquire Isovalent, a leader in open source cloud native networking and security, to bolster its secure networking capabilities across public clouds ([more]() - Blue Origin, Cerberus looking to buy rocket firm United Launch Alliance ([more]() - Blackstone buys Sony Payment majority stake for $280M ([more]() - RBC's deal for HSBC Canada to win approval ([more]() - Pernod Ricard sells Becherovka bitter brand to Maspex ([more]() - Billionaire Gautam Adani, family to invest $1B in Adani Green ([more]() - Britain's Harbour Energy strikes $11.2 billion deal for Wintershall assets ([more]() - Advent-backed Neoris purchases ForeFront ([more]() - Santander buys stake in Signature Bank loan portfolio for $1.1B ([more]() - KKR launches $1.3B bid for Portugal energy firm Greenvolt ([more]() - Monomoy Capital Partners purchases Waupaca Foundry ([more]() - Kelso-backed Novvia purchases JWJ Packaging ([more]() - Fengate Asset Management buys Morris Cogeneration machinery ([more]() - Houlihan Lokey acquires Triago ([more]() - ICG-backed Ambient makes two acquisitions ([more]() VC - Lyndra Therapeutics, a clinical-stage biopharmaceutical company, raised $101M in Series E funding ([more]() - Cart.com, a provider of unified commerce and logistics solutions, received $30M growth capital from Trinity Capital ([more]() - PaintJet, a robotic painting company, raised $20M in Series A funding ([more]() - rabbit, an AI startup building a device aimed at replacing app-based operating systems, raised additional $10M in Series A funding ([more]() - Nexus Development Capital, a provider of catalytic capital for sustainable infrastructure project developers, made a $5M investment in biochar producer Standard Biocarbon ([more]() - Claim, a social network that connects friends through their favorite brands, raised $4M in seed funding ([more]() - Pluristyx, a provider of tools, technologies and services for the development of cell therapies, raised a major fundraising ([more]() - ION Storage Systems, a provider of solid-state battery solution for a variety of applications, received an investment from Nova by Saint-Gobain ([more]() - Superfluid Dx, a company specializing in advancing solutions for the diagnosis of the Alzheimer’s disease, raised an undisclosed amount in Series A funding ([more]() FUNDRAISING: - Clearhaven Partners LP, a software private equity firm, closed its sophomore fund, Clearhaven Fund II, L.P., at $580M ([more]() - Red Cell Partners, an incubator focused on defense and health tech, announced a new $91M fund, RCIF I ([more]() - Hyperlink Ventures, a new venture capital firm, closed its first fund, at $32M ([more]() Was this briefing forwarded to you? [Sign Up Here]( CRYPTO - Bitcoin climbs near $44K as U.S. stocks nurse biggest 3-month loss ([more]() - An old SBF favorite becomes crypto’s next big thing ([more]() - Thai bank paves way for companies to tap tokens for funding ([more]() BULLISH BITES 🙏 Wise words: Elisha Wiesel, son of [Holocaust survivor](, has words for Wall Street and Ivy Leagues. 📈 Big moves: Forget the top 5, these stocks were the [biggest movers]( in the S&P 500 in 2023. ✅ Just don’t: The [anti-gift]( guide for 2023. 😔 Leftovers: Trading the [remains]( of FTX is turning into big business. 🔥 BTC: [Buy Bitcoin the easy way]( with the world's most accessible crypto exchange. 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