Here are the most important news investors need to start their trading day:
1. Green Christmas
A Christmas tree stands in front of the New York Stock Exchange (NYSE), where US President-elect Donald Trump is expected to ring the opening bell on the same day to celebrate being named New York’s ” Person of the Year” New York City, USA, December 12, 2024.
Adam Gray | Reuters
Investors are hoping for a strong performance in the stock market during the holiday-shortened week. All three major U.S. stock indexes posted gains this week despite thin trading. this S&P 500 Index has risen 1.8%, Dow Jones Industrial Average rose 1.1%, Nasdaq Index rose 2.3%. The move follows a strong performance in the tech-heavy index throughout the month. The Nasdaq is up 4.2% so far in December, while the S&P is up 0.1% and the Dow is down 3.5%. Follow real-time market updates.
2. Make a decision
On September 16, 2024, a United Steelworkers logo was hung outside the U.S. Steel plant at the Great Lakes plant in River Rouge, Michigan, USA.
Rebecca Cook | Reuters
Nippon Steel said it has Extend deadline Acquired for $14.9 billion United States Steel CorporationPresident Joe Biden decides whether to allow the deal to pass. The Japanese company changed the date for completing the acquisition to the first quarter of 2025 from the third or fourth quarter of this year. On Monday, a committee that oversees foreign acquisitions in the United States referred a decision on whether to block the deal to President Joe Biden, giving him 15 days to make a decision. Biden, the United Steelworkers and some politicians have expressed concerns about the company’s foreign ownership.
3. Holiday balance
Holiday shopping could have long-lasting effects on many consumers. Thirty-six percent of Americans assume debt This holiday season, according to a LendingTree survey. The average balance among these people is $1,181, up from $1,028 in 2023.
4. A crazy year for airlines
Airlines have experienced door panels being blown away at the beginning of this year boeing company The plane is Alaska Airlines flight. The headlines didn’t slow down. this JetBlue Airways-Spirit merger blocked, Spirit filed for bankruptcy protection, technology collapse affects travel days. At the same time, airlines strive to prove themselves as the best airlines. Click here to learn more about an eventful 2024 for airlines.
5. Add up
advertising executive The market is expected to be stable Next year, especially for companies coveting the rights to live sports events. According to one study, the global advertising industry is expected to grow by 7.7%, with revenue exceeding $1 trillion for the first time by 2025 (excluding U.S. political advertising). recent reports From GroupM, the media investment group under WPP. Even so, advertisers may still be selective about their budgets and prioritize live events like sporting events and award shows.
– CNBC’s Pia Singh, Lorie Konish, Leslie Josephs and Lillian Rizzo contributed to this report.
