This is what you need to know to trade today, Wednesday, December 21:
The shortest day of the year for those of us who live in the northern hemisphere and stock markets also took the short cut home with little movement on Tuesday. The Bank of Japan (BoJ) provided some early excitement, but equity markets were little changed at close. Things look a bit more rosy this Wednesday morning, as European stocks rose as US Treasury yields dipped a bit. However, volumes and volatility remain low as we approach the end of the trading year.
The dollar is stable at 104.00, while the price of gold holds on to yesterday’s gains at $1,815. Bitcoin is trading at $16,840.
European markets to the upside, Eurostoxx, FTSE and DAX rise 1%.
US futures also up, Dow and Nasdaq +1% and S&P +0.8%.
Featured Wall Street News
Nike (NKE) up on strong earnings and prospects, while aggressively discounting to get rid of stock, I know, I’ve got some!
FedEx (FDX) rises on the back of solid earnings, but its sales remain lower than expected.
Blackberry (BBY) income improvement.
Reuters headlines
Tesla (TSLA) to freeze hiring and lay off employees next quarter – Electrek.
Alphabet Inc (GOOGL): Germany’s cartel office has concluded proceedings against Google over its online news service after the tech giant made several changes that benefit publishers, the office said.
Boeing Co (BA): Boeing Commercial Airplanes is reaching out to the head of sales who helped lead the US planemaker through two major crises in recent years to oversee fractured global supply chains as the aerospace industry struggles to meet resurgent demand for planes.
Core Scientific Inc (CORZ): The company, one of the largest publicly traded cryptocurrency mining companies in the United States, said it has filed for Chapter 11 bankruptcy protection.
General Motors Co (GM): The company said it is recalling 140,000 Chevrolet Bolt EVs in North America because the carpet could catch fire after a crash involving a front seatbelt pretensioner.
Palantir Technologies Inc. (PLTR): The company has signed a three-year, £75m deal with the UK Ministry of Defence.
ascents and descents
Source: Benzinga
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
