Stock Market Today: S&P 500, Dow, and Nasdaq Fall on Revised Rate Cut Expectations Following New Economic Data
Here’s a summary of the articles:
Market News
- US stocks edged higher on Tuesday, with the S&P 500 up 0.3% and the Dow Jones Industrial Average up 0.3%.
- Nvidia (NVDA) stock rose as much as 2.5% in premarket trading after CEO Jensen Huang’s keynote at CES.
- The 10-year Treasury yield increased by 7 basis points to hover just below 4.7%.
Economic News
- Job openings rose more than expected in November, with 8.1 million jobs open at the end of the month.
- The quits rate fell to 1.9% from 2.1% in October, and total quits decreased to 3.07 million from 3.28 million.
Earnings and Earnings Release
- Cal-Maine Foods (CALM) is set to release its earnings today.
Industry News
- Nvidia (NVDA) CEO Jensen Huang unveiled AI superchip and robotics tech at CES.
- Shutterstock and Getty Images will merge to become a $3.7 billion visual content company.
- Disney was willing to pay up for Fubo in its quest to launch a new sports streamer.
- Meta has elected UFC CEO Dana White, two others to board.
Diversity Initiatives
- Some US companies are pulling back on diversity initiatives.
Let me know if you’d like me to highlight any specific article or topic!
