Breaking news December 26th at 8pm
Wall Street closes flat in the session following the Christmas break: Dow Jones +0,1% S&P -0,04%, Nasdaq -0,05%. American stock markets suffer due to new data on the labor market, which reinforce fears of fewer rate cuts in 2025. In the week ending December 21, 2024, the requests for unemployment benefits they fell to 219 thousand, less than the 224 thousand expected. In short, employment remains solid in the USA, which is why Fed could confirm what emerged after the last meeting in December.
On that occasion the American central bank had cut rates by 0.25%. third scissor after that of 0.5% in September and 0.25% in November. The fed funds thus fell to 4.25-4.5%, but the dot plots revealed the intention to reduce rates only twice in 2025, no longer four as previously estimated. This perspective has further weakened the euro-dollar exchange ratedecreased to 1.039, and caused yields to rise Treasury decennalenow at 4.63%. Here are five stocks to watch on Thursday, December 26.
Interesting to note that in one year the personal assets of Donald Trump it went from 2.5 to 6.1 billion dollars, with a growth of 3.6 billion, equal to approximately 300 million per month, ten million per day. And this despite his company's fluctuations on Wall Street. The data emerges from the analysis carried out by Forbes magazine on the wealth of the president-elect of the United States. In January this year, Trump's net worth amounted to 2.5 billion, down from the 4 billion with which he first entered the White House in 2017. But his assets skyrocketed when Trump Mediathe parent company of social Truth has entered Wall Street. This evening Trump Media closed up 3.5%, posting a gain of 112.3%. The race then continues Rumble (+28.3% to $16.27) after that Tether has invested 775 million dollars in the social network that wants to compete with YouTube, paying $7.50 for the share.
1. Oracle's golden year
At 3.30pm Oracle stock is flat. In 2024, the software company's stock is rises of 63%the sharpest rise since 1999 which increased the founder's net worth Larry Ellison of 75 billion. The credit goes to Oracle's strengthening in the computer market.artificial intelligence thanks also to the agreements with Meta and OpenAI.
2. Gamestop's hot streak
At 3.30pm Gamestop shares rose by 2.7%. A sprint finish to the year also for the retailer video games: the stock has advanced for four sessions in a row and has gained 77% in 2024. An excellent result for the company that has always been exposed to rally delle meme stockprompted by tweets from influencer investor Roaring Kitty.
3. Bitcoin's retreat holds back crypto stocks
At 3.30 pm the titles of crypto world they trudge after the value of bitcoin it is back below 100 thousand dollars (now it is at 95.5 thousand dollars). Among the companies most affected are MicroStrategy (-4%), the exchange Coinbase (-1.8%) and the miner Riot Platforms (-2.2%). Always in the crypto world flies the YouTube competitorRumble (+20%), in which Tether invested 775 million dollars.
At 3.30pm American Airlines shares lost 1.5%. On Christmas Eve the Fort Worth-based airline was forced to temporarily suspend the departures due to a technical problem caused by third-party hardware. The planes remained on the ground only an hourbut the delays affected more than 900 flights.
5. The employees of Starbucks strike on Christmas Eve
At 3.30pm Starbucks shares rose by 0.4%. The most famous coffee chain in the world has recovered after the employee strike announced on Christmas Eve, which involved more than 300 stores in 45 states. The workers protested to get a salary increase and staff, as well as a reduction in hours. Starbucks runs more than 10 thousand points of sale in the United States and said 98% remained open. (reproduction reserved)
