Market Overview - Wall Street's main indexes closed lower, with the S&P 500 losing 23.89 points (0.35%) to 6,846.51, the Dow Jones Industrial Average down 215.67 points (0.45%) to 47,739.32, and the Nasdaq Composite down 32.22 points (0.14%) to 23,545.90 [10] - The S&P 500 Communication Services Index was the biggest laggard, closing down 1.8%, primarily due to Netflix's performance [2][10] - The technology sector was the only advancing sector, gaining 0.9%, driven by Microsoft, Nvidia, and Broadcom [2][10] Company-Specific Developments - Paramount Skydance made a hostile bid of $108.4 billion to acquire Warner Bros Discovery, which led to a 4.4% increase in Warner Bros Discovery's shares and a 9% rise in Paramount's shares, while Netflix's stock dropped 3.4% [10] - Alphabet, Google's parent company, ended down more than 2%, contributing to the decline in the communications services index [11] - Marvell Technology shares fell 7% after Carvana secured a spot in the S&P 500, while Carvana's shares rose 12% [11] - Confluent shares surged 29% following IBM's announcement to acquire the data-infrastructure company for approximately $11 billion, while IBM's shares increased modestly by 0.4% [11] - Tesla's shares declined by 3% after Morgan Stanley issued a bearish outlook on the electric vehicle manufacturer [11] Market Sentiment and Future Outlook - Traders are anticipating a 25-basis-point rate cut from the Federal Reserve, with a roughly 89% probability according to the CME's FedWatch Tool [10] - The market is expected to remain directionless until after the Fed meeting, as there will be no earnings reports for another four weeks [10] - Oppenheimer has set a year-end 2026 target of 8,100 points for the S&P 500, citing strong earnings and macroeconomic resilience [11] - The focus will shift to tech sector valuations with upcoming earnings reports from Broadcom and Oracle, amid concerns over debt-funded AI spending [10][11]

Core Viewpoint - Gold prices have shown stability as investors anticipate a Federal Reserve rate decision, with expectations of a quarter-point rate cut, which could influence gold demand due to lower cash yields [2][3]. Gold Price Trends - The opening price of gold futures on Tuesday was $4,219.60 per troy ounce, slightly up from Monday's closing price of $4,217.70 [1]. - Over the past week, gold prices have decreased by 0.3%, increased by 6% over the past month, and risen by 60.3% year-over-year [7]. Federal Reserve Influence - The Federal Reserve's upcoming meeting will include a Summary of Economic Projections, which will provide insights into GDP growth, unemployment, inflation, and interest rates, with Chair Jerome Powell expected to comment on the interest-rate outlook for 2026 [2][3]. Market Dynamics - Analysts predict two quarter-point rate cuts in 2026, potentially lowering the federal funds target range to 3% to 3.25%, which may increase gold demand as falling interest rates reduce cash yields [3]. Investment Considerations - Gold is viewed as a stabilizer in a diversified portfolio rather than a driver of high returns, with appropriate expectations and allocation being crucial to limit pricing risk [10]. - Investors are advised to consider gold investments as speculative due to the unpredictable nature of commodity prices influenced by various macroeconomic and political factors [11].

Fed rate decision looms, Trump to outline economic policies, Netflix's Warner Bros. Discovery deal, and more news to start your day. ...

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Federal Reserve and Interest Rates - The market anticipates a quarter-point rate cut, with an 85% chance that the FOMC will lower rates by 25 basis points to a range of 3.5%–3.75% [5] - Despite expectations for easing, five of the 12 voting members are publicly against further rate cuts, indicating a divided FOMC [5] - Wells Fargo notes a "critical mass of support" for the doves, but multiple dissents are expected, with the 2026 median dot projected to hold at 3.375% [5] Earnings Reports - Oracle is expected to report EPS of $1.64 on revenue of $16.2 billion, while Broadcom is projected to report EPS of $1.87 on revenue of $17.64 billion [6] - Wells Fargo initiated coverage on Broadcom with an Overweight rating and a $280 price target, citing nearly $500 billion in AI-related deals [6] - Susquehanna highlights Broadcom's strong position in revenue growth driven by AI networking demand and its long-standing partnership with Google [6] Market Commentary - Michael Burry compares OpenAI to Netscape, suggesting it may face a similar decline despite a potential $1 trillion valuation [6] - Burry also draws parallels between Palantir and DiamondCluster, indicating concerns about their long-term viability [6] - The S&P 500 will see Carvana, CRH, and Comfort Systems USA added, while LKQ, Solstice Advanced Materials, and Mohawk Industries will be removed [6]

Market Overview - Stocks are experiencing small gains, with the Dow up 160 points or about 0.33% [2] - The S&P 500 and NASDAQ show similar performance, both up around 0.33% [2] - The Russell 2000 is under pressure after reaching record highs previously [3] Bond Market - The 10-year Treasury yield is up three basis points to 4.14%, while the 30-year yield is up two basis points to 4.79% [3] Sector Performance - The leading sectors include communication services (XLC), technology, and consumer discretionary, with Meta and Alphabet contributing to gains [4][5] - Utilities, healthcare, and industrials are underperforming [5] Major Company News - Netflix is set to acquire Warner Brothers Discovery's studio and streaming assets in a historic $72 billion deal, priced at $27.75 per share [11][12] - This acquisition aims to enhance Netflix's content library and distribution capabilities, including the HBO Max streaming service [13][14][15] - The deal is subject to regulatory approval, with concerns raised about potential monopolistic implications [30][31] Regulatory Concerns - Senator Elizabeth Warren has expressed skepticism about the merger, labeling it an "anti-monopoly nightmare" [30] - The combined entity would control approximately one-third of US streaming engagement, raising concerns about subscription prices and consumer choice [29][30] Competitive Landscape - Paramount and Comcast are expected to respond aggressively to the Netflix-Warner deal, with speculation about potential hostile moves [22][38] - The entertainment industry is increasingly dominated by large players, leading to potential further consolidation among smaller companies [27] Economic Outlook - The Federal Reserve is anticipated to cut interest rates, with a 90% chance priced in for the upcoming meeting [39] - Market analysts suggest that the economy remains resilient, despite concerns about consumer affordability and potential recession [40][46] Company Earnings - HPE reported a revenue increase of 14% year-over-year, with operating profits up 26% [101][102] - The company is optimistic about future growth, particularly in AI systems and networking, despite facing commodity cost increases [111][112]

We've talked a lot over the course of the last several quarters and maybe even multiple years now about the secular bull run in technology. Is it over. >> Um Dom I I think it's we should expect from time to time profit taking because tech has been a leader for the last decade um and it is overbought.So I think it you know it is going to be from time to time going to show extended weakness but to me the underlying story driving technology which is the productivity miracle coming from AI is still intact. Uh M ...

Group 1 - President Trump proposed redirecting "hundreds of billions of dollars" in federal funding from health insurers under the Affordable Care Act to the public, impacting health insurance stocks [2] - Health insurance companies such as UnitedHealth Group, Elevance Health, Centene, Cigna, Oscar Health, and Molina Healthcare are facing scrutiny due to Trump's comments [2] - The stock market indexes rose ahead of the Federal Reserve's rate decision, with Nvidia achieving a record close [2][3] Group 2 - UnitedHealth's recovery contributed positively to the Dow Jones, while Oscar Health's stock saw a significant increase in its relative strength rating [5] - CVS Health achieved an 80-plus relative strength rating benchmark, indicating strong performance in the market [5] - The overall stock market experienced weekly gains despite ongoing government shutdown discussions, with attention on Fed minutes and other economic indicators [5]

Today, major cryptocurrencies are in the red the day after Fed Chair Powell says another rate cut in December is not a foregone conclusion. JP Morgan says Circle USDC is outpacing Tether's USDT in onchain activity. And Canary Capital CEO Steven McClur breaks down how the asset manager's new spot crypto ETFs tied to Litecoin and Hyera are performing.Welcome to CNBC's Crypto World. I'm Katie Terasv. Major cryptocurrencies pointed lower one day after Fed Chair Jay Powell suggested the central bank may not cut ...

get some insights on yesterday's Fed rate decision from Jeremy Seagull. He is chief economist at Wisdom Tree. He's also professor emeritus of finance at University of Pennsylvania's Wharton School of Bus business. And uh Jeremy, we were speaking earlier today with Roger Ferguson, the former vice chair at the Fed. His take was kind of interesting on this that first of all, he applauded that J. pal very firmly said that this is not a a glide path that the next rate cut may not be happening on this and he's a ...