Group 1: Market Overview - The current economic landscape is characterized by a bifurcated or K-shaped economy, with unemployment rates around 4.6%, indicating a shift from a balanced labor market to potential risks in employment [2][4][5] - There is an expectation of a possible rate cut due to the labor market risks, which could positively impact market conditions in the upcoming year [5] Group 2: GE Vernova - GE Vernova has seen a significant increase of nearly 9% in the last week, driven by its role as a critical power supplier for AI data centers [6][7] - The company is benefiting from a shift towards on-site power generation due to grid delays, and its backlog is high quality and on track for growth through 2027 [8] - The stock has risen approximately 150% from its lows in April, indicating a strong bullish trend, with technical indicators suggesting continued upward movement [10][12][13] Group 3: NASDAQ - NASDAQ is expanding its trading hours to include a 23-hour weekday trading session, which is expected to increase retail participation globally [15][16] - Approximately 60% of NASDAQ's revenue is derived from assets under management (AUM) based index funds, with a trend of investors moving towards passive equity funds, which is favorable for NASDAQ's earnings [16][17] - The stock is currently consolidating and showing potential for a breakout, with key resistance levels identified [18][20][22] Group 4: Seagate Technology - Seagate has been included in the NASDAQ 100, which is a significant development for the company, as it is a core supplier of data storage hardware for data centers and AI infrastructure [23][24] - A cash-secured put strategy is being employed to potentially acquire shares at a discount, with a strike price of around $290 and a premium of approximately $20.90 per share [25][26][28] - The stock has been in a bullish trend, but there are concerns about potential overvaluation and bearish divergences in technical indicators, suggesting a possible pullback in the near term [29][34]

Core Viewpoint - Nasdaq is seeking to implement round-the-clock trading sessions for U.S. stocks, extending trading hours to 23 hours a day, five days a week, with a one-hour break [1][4] Group 1: Trading Hours Expansion - Nasdaq aims to add a trading session from 9 P.M. to 4 A.M. ET, reflecting the demand for more flexible trading options from global investors [1][2] - The New York Stock Exchange is also considering extending trading hours to 22 hours, indicating a broader trend in the industry towards longer trading sessions [4] Group 2: Market Demand and Participation - Increased participation from retail investors has driven the demand for extended trading hours, highlighting a shift in market dynamics [3] - The rise of betting apps like Polymarket has contributed to the desire for continuous market access, suggesting a changing landscape in investor behavior [3] Group 3: Potential Implications - Analysts have raised concerns about potential increased volatility and larger price swings due to reduced time for investors to process financial events [4] - Nasdaq anticipates launching the extended trading session in the third quarter of 2026, coinciding with a 20% growth in the Nasdaq index since the beginning of the year [4]

Why exactly do they want to do this. Some of us need a rest. I know, right.I think we've kind of seen a push in this direction for a while. You know, the New York Stock Exchange has been planning a similar extension. I think one factor is, you know, retail investors, you know, they're already used to trading 24 seven on Robinhood and, you know, on crypto exchanges.And another factor that, you know, the Nasdaq statement pointed to is kind of global investors who kind of really want to be able to trade US sto ...

Market Overview - Major U.S. stock index futures are experiencing declines, with Dow futures down 0.18%, S&P 500 futures down 0.36%, and Nasdaq futures down 0.54% [1] Company News - Oracle's stock continues to decline, down 1.3% to $182.5 per share, marking a 46% drop from its historical high of $345 per share reached in September [1] - Ford has announced the cessation of production for its all-electric F150 Lightning truck, shifting focus to hybrid vehicles and smaller, more affordable electric cars. This decision is expected to result in a $19.5 billion reduction in revenue, with most losses accounted for in the current quarter [2] - PayPal has submitted an application to become a bank in the U.S., named "PayPal Bank," aiming to expand its financial services [1] Industry Developments - Nasdaq has filed a proposal with the SEC to extend trading hours to 23 hours on weekdays, which would significantly increase trading time for stocks and exchange-traded products [2] - Tesla's market capitalization is projected to potentially reach $3 trillion by the end of 2026, driven by advancements in artificial intelligence and the commercialization of autonomous driving and robotics. Currently, Tesla's stock is down 1.13% [2] Energy Sector - Brent crude oil futures have fallen below $60 per barrel for the first time since May, currently trading at $59.42 per barrel, reflecting a 1.43% decline [3] Economic Indicators - The U.S. is set to release a combined non-farm payroll report for October and November, with economists predicting an addition of 50,000 jobs in November and an unemployment rate of 4.5%. This data suggests a weak labor market without rapid deterioration, which could influence the stock market positively by increasing the likelihood of further interest rate cuts by the Federal Reserve [3]

Nasdaq has asked the Securities and Exchange Commission to approve trading sessions outside traditional market hours as it tries to capitalize on growing global demand for US stocks. Read more: https://t.co/OYQk8CTbGX📷️: Michael Nagle/Bloomberg https://t.co/gLDQMJkZzQ ...

With Nasdaq seeking US regulatory approval to extend its trading hours to 23 hours, some industry players believe local bourse operator Hong Kong Exchanges and Clearing (HKEX) will need to consider a similar move for certain products to enhance its competitiveness. HKEX chief executive Bonnie Chan Yiting did not mention trading hours in her blog on Monday, but she did say the bourse operator would expand into digital currencies and tokenisation over the next decade, which analysts pointed out were the typ ...

Core Viewpoint - Nasdaq is planning to submit paperwork to the Securities and Exchange Commission (SEC) for the launch of round-the-clock trading of stocks, with an expected launch in the second half of 2026 [2] Group 1 - Nasdaq aims to implement nonstop trading, which would allow for continuous trading of stocks outside of traditional market hours [2] - The SEC filing is a crucial step in the process of launching this new trading model [2]

Core Viewpoint - Nasdaq is planning to submit paperwork to the US Securities and Exchange Commission (SEC) to implement round-the-clock trading of stocks, aiming to meet the growing global demand for US equities [1][2]. Group 1: Trading Hours Expansion - Nasdaq intends to extend trading hours from 16 hours to 23 hours, five days a week, transitioning from three daily sessions to two [5][6]. - The new trading schedule will start on Sunday at 9pm and end on Friday at 8pm, with a day session from 4am to 8pm and a night session from 9pm to 4am [8]. Group 2: Market Demand and Globalization - The US stock market accounts for nearly two-thirds of the global market value of listed companies, with foreign holdings of US equities reaching $17 trillion last year [2]. - There is a notable trend towards globalization in US markets, with increasing demand from international investors for access to US equities [4][12]. Group 3: Regulatory and Operational Considerations - Nasdaq has begun discussions with regulators and anticipates launching nonstop trading in the second half of 2026 [3]. - Successful implementation of round-the-clock trading will depend on upgrades to the securities information processor and the US Depository Trust and Clearing Corp.'s plans for nonstop clearing by the end of 2026 [9]. Group 4: Investor Behavior and Market Dynamics - Advocates for round-the-clock trading argue it will enable quicker reactions to market developments for investors outside the US, although major Wall Street banks express caution regarding potential liquidity and volatility issues [10]. - Current off-exchange trading venues are utilized by investors seeking 24/7 trading options, indicating a growing demand for such services [11].

Core Viewpoint - Nasdaq plans to extend trading hours for stocks and exchange-traded products (ETPs) from 16 hours to 23 hours, retaining only 1 hour for system maintenance and clearing, marking a significant step towards all-day trading in the U.S. capital markets [1] Group 1: Trading Hours Extension - The new trading hours will be divided into two segments: daytime trading from 4 AM to 8 PM and nighttime trading from 9 PM to 4 AM, with a 1-hour break for system upgrades [2] - The trading week will start on Sunday at 9 PM and end on Friday at 8 PM, aiming to cater to international investors who wish to trade according to their local schedules [2] Group 2: Market Demand and Impact - The reform targets the needs of Asian and European investors, as current trading hours pose challenges for these groups, with 42% of U.S. stock trading volume coming from non-U.S. investors [2] - The extension is expected to enhance New York's status as a global financial center, although concerns about "over-financialization" have been raised [2] Group 3: Technical and Regulatory Considerations - The extension relies on the real-time updating capabilities of the Securities Information Processor (SIP), which currently faces delays during peak times, raising regulatory concerns [3] - The DTCC plans to launch all-day clearing services by the end of 2026, but potential technical issues could lead to systemic risks [3] Group 4: Competitive Landscape - Other exchanges, including the New York Stock Exchange and CBOE, are also pursuing similar proposals, with a target implementation by 2026 [4] - Market analysts predict that extended trading hours could increase daily trading volume by 5%-8%, although short-term volatility may rise due to technical adjustments [4]

Core Viewpoint - Nasdaq has submitted a proposal to the SEC requesting limited discretion to deny initial listings for companies that meet all hard listing standards under specific circumstances [1] Background of the New Proposal - The proposal is driven by recent observations of "problematic or unusual trading" patterns among listed companies, particularly those listed for less than a year [3] - The SEC has temporarily suspended trading for several related securities under Section 12(k) of the Securities Exchange Act due to abnormal fluctuations often linked to trading recommendations from anonymous sources on social media, which may indicate price and volume manipulation [3] Key Aspects of the New Rules - The proposed rule (IM-5101-3) introduces a multi-dimensional risk assessment framework, granting Nasdaq legal authority to exercise discretion based on various non-exclusive factors [4] - Key considerations include: - **Cross-border Regulatory Risks**: Focus on the legal environment of the company's registration or actual control location, particularly regarding legal remedies available to U.S. investors and any "blocking statutes" or strict data privacy laws that may hinder regulatory investigations [4] - **Liquidity Structure Risks**: Assessment of expected public shareholding and equity distribution post-IPO to prevent liquidity issues and price manipulation risks due to excessive concentration of shares [4] Advisory Team Risks - Comprehensive review of the company's auditors, underwriters, and legal advisors' historical records, with attention to any involvement in projects associated with unusual trading [5] Corporate Governance Risks - Evaluation of management's familiarity with U.S. public company compliance requirements and any warning records from regulatory bodies [6] - If Nasdaq exercises discretion to deny a listing, it must provide a written decision outlining specific reasons, and the rejected company must disclose this decision within four days and has the right to request a hearing within seven days [6] - Nasdaq emphasizes that this change aligns with the core purpose of the Securities Exchange Act to protect investors, and while it may increase listing difficulty for some companies, it is a necessary measure to prevent market disorder and maintain overall market integrity [6] - The rule change has taken effect following specific procedures, but the SEC is still in a comment period and retains the right to delay implementation within 60 days [6]