Economic Indicators - The December ISM manufacturing index is expected to rise by +0.2 to 48.4, while the S&P manufacturing PMI is anticipated to remain unchanged at 52.9 [1] - The December ADP employment change is projected to increase by +48,000, and the ISM services index is expected to decline by -0.3 to 52.3 [1] - JOLTS job openings are forecasted to climb by +9,000 to 7.679 million, and factory orders for October are expected to decrease by -1.1% month-over-month [1] - Q3 nonfarm productivity is anticipated to increase by +4.7%, with unit labor costs rising by +0.3% [1] - Initial unemployment claims are expected to rise by +12,000 to 211,000, while December nonfarm payrolls are projected to increase by +59,000 [1] - The unemployment rate is expected to decrease by -0.1 to 4.5%, with average hourly earnings expected to rise by +0.3% month-over-month and +3.6% year-over-year [1] - October housing starts are expected to increase by +1.4% month-over-month to 1.325 million, and building permits are projected to rise by +1.1% month-over-month to 1.350 million [1] - The University of Michigan's January consumer sentiment index is expected to climb by 0.6 points to 53.5 [1] Stock Market Performance - The S&P 500 Index is up +0.54%, the Dow Jones Industrial Average is up +0.99%, and the Nasdaq 100 Index is up +0.78% [4] - European stocks are providing support to US equity markets, with the Euro Stoxx 50 reaching a new record high, up +0.85% [5] - Chipmakers and data storage companies are experiencing gains, with ARM Holdings and KLA Corp up more than +5% [9] - Energy producers are rallying, with Valero Energy up more than +9% following comments about US access to Venezuelan oil reserves [10] - Mining stocks are rising, with gold prices up more than +2% and silver up more than +5% [11] - Cryptocurrency-exposed stocks are climbing, with Bitcoin up more than +3% at a 4-week high [12] Company-Specific Developments - GH Research Plc is up more than +34% after the FDA lifted the clinical hold on its drug application for treatment-resistant depression [13] - QXO Inc is up more than +7% following a $1.2 billion investment agreement with Apollo Global and other investors [13] - Mobileye Global is up more than +5% after an upgrade from Barclays [14] - Estee Lauder is up more than +3% after a strong buy upgrade from Raymond James [14] - Uber Technologies is down more than -1% after a downgrade to sell from Melius Research [15] - Pentair Plc is down more than -1% after a downgrade to sell from TD Cowen [15]