Here are the most important news investors need to start their trading day:
1. Look for rebounds
Traders work on the trading floor of the New York Stock Exchange on December 10, 2024.
Brendan McDermid | Reuters
U.S. stock futures edged higher on Monday after a week of losses for major indexes. Trading will be shortened again this week, with markets closed Thursday to mourn the death of former President Jimmy Carter. Investors will look to December employment data due on Friday for signs of strength in the U.S. economy. Revenue comes from Constellation brand, Walgreens Boots Alliance and Delta Air Lines It will also help shape the stock market this week. Follow real-time market updates.
2. Chip boom continues
Global semiconductor stocks rise Monday in response to Foxconn’s strong quarterly results. Hon Hai Precision Industry, which does business globally as Foxconn, said its revenue rose 15% year-on-year, indicating that enthusiasm for artificial intelligence has not waned. In the U.S., chipmaker stocks include NVIDIA, AMD and Broadcom rose in premarket trading.
3. Winter weather warning
Winter storm hits U.S. Much of the country will see snow, ice and cooler temperatures starting early Monday. The National Weather Service issued a winter storm warning from the Midwestern states of Kansas to New Jersey. School districts across the country canceled or postponed classes, and airlines began canceling some flights. Heavy snowfall has left motorists stranded in parts of the country.
4. Strengthen social security
US President Biden delivered an economic speech at the Brookings Institution in Washington, DC, on December 10, 2024.
Kevin Lamarque | Reuters
Social Security benefits are about to increase for millions of Americans. President Joe Biden on Sunday Sign bipartisan legislation This would allow beneficiaries who also receive pension income to increase their Social Security payouts. Biden said more than 2.5 million people will receive a one-time payment in 2024 to make up for the benefit gap.
5. Biden’s Drilling Ban
Biden on Monday took another major policy step in his final weeks in office. He would ban offshore oil and gas drilling Approximately 625 million acres of ocean are protected along most of the U.S. coastline. It was a major environmental and climate statement from the Trump administration just days before Donald Trump’s second term in office, which has pushed for more oil and gas drilling and downplayed the impact of climate change.
– CNBC’s Tanaya Macheel, Ryan Browne, Lorie Konish and NBC News’ David Hodari contributed to this report.
