TSLA
Tesla
-- 379.420 NVDA
NVIDIA
-- 137.330 PLTR
Palantir
-- 74.585 RGTI
Rigetti Computing
-- 17.0301 MSTR
MicroStrategy
-- 299.660 Another Day, Another Lack of Santa Rally | Wall Street Today
The market fell again on Monday. The Santa rally, the historic climb of the S&P 500 that tends to mark the final five days after Christmas and the first two trading days of the new year, is so far returning -1.12%.
Just past the close, the $S&P 500 Index (.SPX.US)$ traded down 1.07%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.92%, and the $Nasdaq Composite Index (.IXIC.US)$ fell 1.19%.
MACRO
In macroeconomics, this is PMI week with planned releases of the Chicago, S&P, and ISM PMI numbers, which will round out the year and mark the beginning of a new one.
Monday, Chicago Purchasing Managers Index numbers showed manufacturing health declined in December in the economic region of Chicago. Chicago PMI can be a leading indicator of ISM, the country-wide PMI indicator. Chigaco's PMI has been lower than the December reading of 36.9 just once since 2020, and any number below 50 shows a contraction in the sector.
SECTORS
Within industry themes tracked by moomoo, Crypto stocks led percentage declines as a sector, even after Bitcoin went positive for the day. Since the same FOMC meeting that tanked the S&P 500's climb, the king of cryptocurrencies has faced a pullback from its record high of $108k. According to moomoo, Bitcoin has climbed 32% since the presidential election.
Elsewhere in the economy, $Crude Oil Futures(FEB5) (CLmain.US)$ climbed to $71/barrel. Gold and silver fell, and treasuries fell.
MOOVERS
$Boeing (BA.US)$ fell 2%. Over the weekend, there was yet another tragic crash of a Boeing 737- this time in an international flight on December 29th from Thailand to South Korea, that crashed while landing and killed 179 people - nearly all passengers, according to Barron's.
$MicroStrategy (MSTR.US)$ led percentage decliners on the Nasdaq 100, down 7%. According to a securities filing, the company bought $209 million worth of the digital token between Dec. 23 and Sunday for an average price of $97,837 per Bitcoin. It now holds 446,400 Bitcoins, worth about $41.4 billion based on Monday's price of $92,678 per coin.
$Hesai (HSAI.US)$ shares were up nearly 9% in recent trading Monday after the company said it had delivered over 100,000 lidar units in December. The company said its lidar deliveries in December for the robotics market exceeded 20,000 units.
$Rumble (RUM.US)$ fell 9%, still pulling back after a three-day price climb after the firm said it would receive a $775M investment from Tether- a firm that offers crypto onramp and stable coin services.
Traders, what do you think? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
Word from the herd: Mooers, what are you watching?
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
Posts do not represent mm
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LittleSoldier : Dude how many times are you gonna post this same shit over and over again! Give it a rest already!!!
Amit Kumar840 : in my opinion tomorrow will be also bad day, I missed opportunity to play in PUT game.
105106443 :
105742796 Learner : The trend of the market up and down.
Adrianlim90 : 1
73855414 : I guess if you were in the wrong sectors it was a red day for you. I performed not bad today except for my metal stocks. Oil /Gas and the right Small Caps were on a terror today. Learn the cycles. Get out of tired tech
Dan’l LittleSoldier : Dude… it’s called market news (i.e., it’s what he’s supposed to do ~;-)