Losses for large technology stocks, including Oracle and Tesla, have taken the major indexes down from recent all-time highs. That threatens the so-called Santa Claus rally, the typical gains seen from over the final five trading sessions of the year and the first two of the new year. U.S. stock futures were pointing to a mixed open on Tuesday as investors look ahead to the release of minutes from the Federal Reserve's December meetings. Precious metals continue to be volatile, with prices gaining after a s ...

Market Overview - The S&P 500 is currently about 14 points away from all-time highs, with a potential breakout target around 7,200 if it clears the 6,900 to 6,910 range with conviction [1][2][5] - Year-to-date, the S&P 500 has increased by 17%, following two consecutive 25% gains [6] Technical Analysis - A pullback may occur if the S&P 500 does not break through the 6,900 level, with the 50-day moving average around 6,780 serving as a potential support level [3] - The Santa Claus rally, which occurs during the last five trading days of the year and the first two of the next year, has historically been successful 77% of the time, yielding an average gain of 1.4% [4] Company Insights - Broadcom's stock reached a high of 414 but has since pulled back, with the 325 level identified as a significant support area for bullish traders [7][9] - The 50-day moving average, currently at 362, is viewed as potential resistance, and traders should monitor the 350 to 352 range for bullish signals [8][9] - Recent price action for a sneaker company shows a rally from a low of 35 in early November, with a potential new short-term trend indicated by the 20-day moving average crossing above the 200-day moving average [11][13][14] - The stock is currently down about 14% year-to-date, but the recent sideways movement after achieving the 200-day moving average at 47 offers support for traders [12][14]

Welcome back to Morning Trade Live. It's time now for the big picture. So, let's welcome in Nathan Peterson, director of derivatives analysis, Schwab Center for Financial Research.Good day to you, Nate. Nice to see you there. Look, um it feels like the market conversation is that you know whether Santa Claus is coming to town is sort of dependent predicated on what Pal and Co say tomorrow.Is it as simple as that. >> Uh well, I I think that's definitely an important factor. I mean, obviously, you know, Sam, ...

President Trump kicks off his affordability tour in Pennsylvania tomorrow. Top advisers say the president will focus on wages, housing costs, and inflation. Three issues still dominating kitchen table conversations nationwide.Welcome to the Big Money Show. I'm Brian Brenberg along with my co-host Jackie D'Angelus, Taylor Riggs, Dega McDow, and with us for the hour, Strategus partner and chief market strategist Chris Verrone. Welcome, sir.Good to see you. >> Great to be here, Brian. >> Well, JP Morgan CEO Ja ...

Market Overview - US stocks experienced a decline at the start of December, with the Nasdaq Composite dropping 0.4%, the S&P 500 falling around 0.5%, and the Dow Jones Industrial Average sliding approximately 0.9%, or over 400 points [1] - Bitcoin's value decreased significantly, losing over 7% and dipping below $85,000, indicating a risk-off sentiment in the market [2] Company Performance - Nvidia, a major player in AI chips, initially fell but later gained over 1% [2] - Apple stock rose over 1.5%, reaching a record closing price [2] Economic Indicators - December is usually a strong month for stocks, but strategists suggest that the anticipated Santa Claus rally may not occur this year due to heightened uncertainty from various events, including President Trump's tariff initiatives [3] - The focus remains on the Federal Reserve's interest rate decisions, with over 85% of market bets on a quarter-point reduction at the upcoming meeting [4] - Economic data releases are expected to influence rate expectations, with the delayed September Personal Consumption Expenditures (PCE) index being a key highlight [5] Federal Reserve Leadership - Wall Street is preparing for a potential leadership change at the Federal Reserve, as President Trump has indicated he has chosen a replacement for Fed Chair Jerome Powell, with Kevin Hassett being a likely candidate [6]

Market Overview - The stock market experienced significant volatility last week, with major indices showing wild swings, particularly after NVIDIA Corp's earnings report [2] - The Dow Jones Industrial Average closed at 46,245, up 1.08%; the S&P 500 at 6,602, up 0.98%; and the NASDAQ at 22,273, up 0.88% [2] Treasury Bonds - Treasury yields decreased across the curve, with the 30-year bond closing at 4.72% and the 10-year note at 4.07% [3] - The New York Fed President's comments increased expectations for a potential 25 basis-point rate cut in December, which contributed to positive trading on Friday [3] Oil and Gas Sector - The oil market faced declines, with Brent Crude closing at $62.49, down 1.4%, and West Texas Intermediate at $58, down 1.69%, marking the lowest close since last May [4] - The selling pressure was linked to potential developments in the Russia-Ukraine conflict, as President Trump sought a response from Ukraine regarding a peace proposal [4] - Natural gas prices increased by 2.19% to $4.57, driven by expectations of a cold winter and rising electricity demand [4] Economic Outlook - The upcoming Thanksgiving holiday and limited economic data are expected to result in a quieter week on Wall Street compared to the previous one [5] - There is a noted conflict between AI bubble skeptics and proponents, with discussions around the potential for significant technological advancements [5] - The possibility of a December rate cut could support a year-end market rally [5]