Here are the most important news investors need to start their trading day:
1. Market surplus
U.S. stocks will have a shortened trading day on Friday after the Thanksgiving holiday on Thursday. Stocks fell ahead of the holidays and some investors appeared to be trimming their holdings of major technology companies. Nonetheless, both Dow Jones Industrial Average and S&P 500 Index hovering near all-time highs. Wednesday provided some new clues about the Fed’s future policy path, as year-on-year inflation of 2.3% was in line with expectations and the central bank’s latest meeting minutes indicated that the Fed plans to gradually cut interest rates if price rises continue to slow. Follow real-time market updates.
2. Vacation boring?
3. Red and blue Christmas
2024 presidential election May also play a role in consumer purchasing behavior This year. Voters who backed President-elect Donald Trump appear to have a better outlook on the economy than those who backed Vice President Kamala Harris, which could affect spending by each group. Shipping data from the two weeks after the election also suggest shoppers in red states may be opening their wallets more after Trump wins.
4. India’s growth slows
India’s economic expansion slowed in the second fiscal quarter. its economy Growth 5.4% During the period, it was below expectations and the slowest in nearly two years. Economists expect economic activity in the world’s most populous country to continue to slow through 2025.
5. DOGE heads to Washington
Elon Musk and Vivek Ramaswamy lead Trump’s so-called Department of Government Effectiveness, Will meet with Republican congressional leaders On December 5, House Speaker Mike Johnson, a Louisiana Republican, said that lawmakers planned to “discuss major reform ideas with the two entrepreneurs to achieve regulatory abolition, administrative reductions and cost savings.” While Musk and Ramaswamy have proposed deep cuts to the federal workforce and even eliminating entire agencies, it remains to be seen how much influence they can have.
– CNBC’s Alex Harring, Melissa Repko, Gabrielle Fonrouge, Lim Hui Jie, Matt Clinch and Lora Kolodny contributed to this report.
