Markets Slip, Energy Stocks Surge

Stock markets are down today, with the S&P 500, Dow Jones Industrials, and Nasdaq all experiencing losses. Futures indicate further pressure, as tech stocks and mining shares are leading the declines. Lower bond yields are providing some support, but silver and platinum prices have plummeted. Crude oil, however, is up due to geopolitical tensions and Chinas fiscal spending plans. Economic data was mixed, with pending home sales up but the Dallas Fed manufacturing index down. Notable movers include Newmont down over 6% and Praxis Precision Medicine up 14%. In the coming week, watch for FOMC minutes, Chicago PMI, jobless claims, and manufacturing PMI. Historically, the S&P 500 has risen 75% of the time in late December, averaging a 1.3% gain. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.