HIGHER. DESPITE SOME AUCTIONS OVERNIGHT THAT DID BETTER INTERNATIONALLY. RIGHT NOW WE ARE GETTING INITIAL JOBLESS CLAIMS, WHICH IS THE KEY DATA WE GET AFTER WE GET THE CHALLENGER, AND THEY COME IN LESS THAN EXPECTED.THEY WERE EXPECTED TO COME IN AT 220 THOUSAND. THEY CAME IN AT 190,000. IT WAS DOWN FROM WHAT WE SAW LAST WEEK.WHICH WAS 216,000. THE PEOPLE WHO ACTUALLY WERE RECEIVING UNEMPLOYMENT BENEFITS, LOWER TO 1.1% 9 MILLION FROM 1.9% 6 MILLION. IT IS LIKE PARSING HAIRS.IN THE RIGHT DIRECTION. THIS WOULD ...

Market Performance - Stocks showed a positive trend with the Dow increasing by 408.44 points or 0.9% to 47,882.90, the Nasdaq rising by 40.42 points or 0.2% to 23,454.09, and the S&P 500 climbing by 20.35 points or 0.3% to 6,849.72 [1] - The Dow's gains were significantly influenced by UnitedHealth (UNH), which spiked by 4.7%, along with strong performances from Goldman Sachs (GS), McDonald's (MCD), and Amgen (AMGN) [2] Employment Data - A report from ADP indicated a surprising decrease in private sector employment by 32,000 jobs in November, contrasting with an expected increase of 10,000 jobs [3] - This decline followed an upwardly revised increase of 47,000 jobs in October, highlighting a shift in labor market dynamics [3] Federal Reserve Outlook - The employment data has contributed to optimism regarding a potential interest rate cut by the Federal Reserve, with an 89.0% chance indicated for a quarter-point reduction at the upcoming monetary policy meeting [4] - Chris Zaccarelli, Chief Investment Officer for Northlight Asset Management, emphasized the importance of focusing on the weakening labor market over inflation concerns [5] Service Sector Activity - The Institute for Supply Management reported an unexpected increase in the services PMI to 52.6 in November, surpassing economists' expectations of a decline to 52.1 [6] - This PMI reading is the highest since February, indicating growth in the service sector [7] Sector Performance - Oil service stocks surged by 3.7% due to a rebound in crude oil prices, reaching a ten-month closing high [7] - Airline stocks also showed strength, with the NYSE Arca Airline Index increasing by 2.7% to its best closing level in nearly three months [7] - Other sectors such as steel, financial, and housing stocks experienced considerable gains, while computer hardware stocks faced notable declines [8] International Markets - In the Asia-Pacific region, stock markets displayed mixed results, with Japan's Nikkei 225 Index rising by 1.1% while China's Shanghai Composite Index fell by 0.5% and Hong Kong's Hang Seng Index dropped by 1.3% [9] - Major European markets also ended mixed, with the French CAC 40 Index up by 0.2%, while the German DAX Index and the U.K.'s FTSE 100 Index both decreased by 0.1% [9] Bond Market Reaction - Treasuries moved higher in response to the private sector jobs data, leading to a decrease in the yield on the benchmark ten-year note by 2.9 basis points to 4.057% [10]

It's been a frustrating period for those who have been priced out of the housing market due to high mortgage rates and home prices. Mortgage rates remain significantly higher than those from 2021, and prices for both new and existing homes have surged. Worse, would-be homebuyers, including my son and his wife, have been forced to compete against all-cash offers, making homebuying even more challenging. There's little debate that something needs to change, which is why many are closely watching the Federa ...

Market Performance - Bitcoin experienced its fifth best daily return of the year, gaining 5.7% [1] - On December 3, Bitcoin briefly surpassed $93,000 but quickly retraced, indicating a potential 'fake breakout' [2] - Bitcoin's trading volume increased by 16%, totaling $128 billion [3] Investment Flows - There was a significant increase in funds flowing into Bitcoin ETFs, with $58.5 million on Tuesday compared to $8.5 million on Monday [4] - BlackRock's iShares Bitcoin Trust attracted $120 million in new capital, while ARK 21Shares Bitcoin ETF faced a net loss of $90.9 million [4] Macroeconomic Factors - Analysts noted that traders are preparing for potential catalysts, with an 89% probability assigned to a third rate cut by the Federal Reserve [5] - The Federal Reserve is currently lacking fresh inflation or employment data, which may impact upcoming decisions [6] - Betting markets suggest an 85% probability that Kevin Hassett will become the next Fed Chair, raising questions about future monetary policy [7]

Group 1: Employment Data - The ADP monthly jobs report indicates a decline of -32K private-sector payrolls for November, falling short of expectations for +40K and the previous month's revised figure of +47K, marking the fourth negative month in the last six [1][2] - The four-month trailing average of private-sector payrolls is currently at -4K, the first negative average since the early months of the Covid pandemic in 2020 [2] - Small businesses (fewer than 50 employees) accounted for all job losses, with a significant drop of -120K jobs, representing a post-Covid low [2][3] Group 2: Job Loss Breakdown - Job losses were concentrated in small businesses, with -46K jobs lost among companies with fewer than 20 employees and -74K among firms with 20-49 employees [3] - Sectors such as Manufacturing lost -18K jobs, while Information Services and Professional/Business Services saw declines of -20K and -26K jobs, respectively [4] Group 3: Wage Trends - Job Stayers experienced an average wage increase of +4.4%, while Job Changers saw a higher average increase of +6.3%, indicating a tightening labor market [5] Group 4: Import and Export Prices - Import and export prices remained unchanged in September, with imports at 0.0% and exports also unchanged, reflecting a lack of significant price movement [6][7] - Year-over-year, imports increased by +0.3%, while exports rose by +3.8%, the highest in nearly three years, suggesting challenges in absorbing tariffs within the economy [8] Group 5: Market Reaction - Following the release of the ADP jobs data, pre-market futures showed muted reactions, with larger indexes shifting from positive to negative territory, indicating a potential market response to the economic reports [9][10]

Market Overview - U.S. equity markets opened positively on December 3rd, 2025, continuing gains from a tech-driven rally [1] - Major indexes are attempting to reverse earlier losses, with cautious optimism prevailing on Wall Street [1] Major Market Indexes - U.S. stock futures indicated a higher open, building on Tuesday's performance with the Dow Jones up 0.39%, S&P 500 gaining 0.25%, and Nasdaq adding 0.59% [2] - Early trading showed S&P 500 futures advancing 0.3%, Dow futures up 0.3%, and Nasdaq futures rising 0.2% [2] Cryptocurrency Market - Bitcoin (BTC-USD) traded near $93,000, recovering from an overnight low of around $91,000, indicating increased risk appetite [3] Economic Data and Federal Reserve Focus - Key economic data releases included the ADP Employment Report for November and the ISM Services Index for November, both crucial for influencing Federal Reserve monetary policy [4] - Markets are pricing an 85% chance of a December rate cut by the Fed, influenced by signals from former President Trump regarding potential leadership changes at the central bank [5] Corporate Earnings and Stock News - Notable companies reporting earnings include Macy's, Dollar Tree, Royal Bank of Canada, Snowflake, Salesforce, and C3.ai [6] - Marvell Technology shares surged approximately 9% after announcing stronger-than-expected Q3 results and a $3.25 billion acquisition [6] - American Eagle Outfitters saw a 15% premarket jump after raising same-store sales guidance [6] - AI company Anthropic is considering an IPO or private funding round, with potential investments from Nvidia and Microsoft [6] - Apple is projected to achieve its best year of iPhone sales, driven by strong demand in China [6] Stock Movements - CrowdStrike shares fell 2% after reporting a larger quarterly loss and narrowing its sales-growth forecast [10] - GitLab dropped about 8-9% after swinging to a quarterly loss [10] - Leslie's stock declined by 11% after announcing the closure of underperforming stores [10] - Nvidia and Tesla saw slight upticks, while Boeing and Intel showed mixed movements after significant gains on Tuesday [10] - Crypto-tied stocks like MicroStrategy, MARA Holdings, Coinbase, and Robinhood saw gains between 1.5% and 3% due to Bitcoin's rebound [10] Market Sentiment - The market exhibits resilience, with technology and growth stocks leading, despite caution regarding upcoming economic data and Federal Reserve decisions [7]

The dollar extends its losses to reach a one-month low against a basket of currencies as U.S. interest rate cut expectations strengthen after President Trump hinted he could nominate Kevin Hassett as the next Federal Reserve Chair.Hassett's views are seen as most closely aligned with those of Trump, who has repeatedly called for rate cuts, ING analyst Chris Turner says in a note.The market's response to the news is a weaker dollar, a faster fall of short-end yields than long-end yields and a rally in risky ...

Core Viewpoint - U.S. stock index futures are showing a slight increase as investors anticipate a high probability of the Federal Reserve cutting interest rates this month while awaiting new economic data [1] Group 1 - Investors are pricing in a significant chance of interest rate cuts by the Federal Reserve this month [1] - The market is reacting positively to the expectation of lower interest rates, which could stimulate economic activity [1] - There is an ongoing anticipation for fresh economic data that may influence market sentiment and investment decisions [1]

Market Overview - U.S. stock futures are showing a positive trajectory, indicating continued upward momentum after a technology-driven rally [1][2] - Major indexes closed higher on December 2nd, with the Dow Jones Industrial Average rising by 0.39% to 47,474.46, S&P 500 gaining 0.25% to 6,829.37, and Nasdaq Composite increasing by 0.59% to 23,413.67 [4] Economic Data and Federal Reserve Expectations - The ADP employment report for November is highly anticipated, expected to influence views on the Federal Reserve's monetary policy [6][7] - Markets are pricing in an 87% to 89% probability of a 25 basis point interest rate cut by the Federal Reserve at its upcoming meeting on December 10th [7] Corporate Earnings and Stock Movements - Key companies reporting earnings include Snowflake, Salesforce, C3.ai, Dollar Tree, and Macy's, which could lead to significant stock price movements [8][9] - Marvell Technology saw a surge of over 8% following better-than-expected earnings and an acquisition announcement [10] - American Eagle Outfitters climbed over 10% after reporting strong third-quarter revenue and raising its full-year forecast [12] - Boeing's stock soared 10% after positive projections regarding cash production growth [13] Cryptocurrency and Related Stocks - Bitcoin has rebounded, trading above $93,000, contributing to market confidence [3] - Several cryptocurrency-linked stocks experienced substantial gains, including Polyrizon Ltd. up 131.96% and Perfect Corp. up 103.92% [14]

Bitcoin has rallied 10% this week, jumping above $93,000 on Wednesday after Vanguard — the second-largest asset manager seen as Wall Street’s most stubborn holdout — embraced crypto exchange-traded funds. The course reversal by the $11 trillion fund manager coincided with optimism in broader markets as investors now expect the Federal Reserve to slash interest rates at next Wednesday’s chair meeting. Coinbase’s Singapore country director Hassan Ahmed told DL News that macroeconomic tailwinds will benefit ...