Mixed day for stocks with energy stocks rising, China slowdown affecting global markets, chip stocks lower.

From NASDAQ.: 2024-12-31 13:45:09

Stocks on the S&P 500, Dow Jones, and Nasdaq are mixed today, with energy stocks rising. China’s manufacturing activity slowdown affects global markets. US home prices rise above expectations. Markets await the US Dec ISM manufacturing index. T-note yields fall, with expectations for a rate cut at the January FOMC meeting.

Energy stocks like APA Corp, Marathon Petroleum, and Occidental Petroleum are up due to WTI crude oil prices hitting an 8-week high. Acadia Pharmaceuticals rises on S&P SmallCap 600 inclusion. FTAI Aviation, VeriSign, and Yum! Brands also see positive movement. Chip stocks like Nvidia and AMD are down, impacting market performance. Vistra Corp faces profit-taking and tax selling pressure.

GoDaddy and Dave Inc experience declines due to slowing growth and legal issues. No earnings reports released on 12/31/2024. Overseas markets settle mixed, with the Euro Stoxx 50 up but the Shanghai Composite down. Markets anticipate Friday’s US Dec ISM manufacturing index for direction. T-note yields and European bond yields decrease, with expectations for an ECB rate cut.



Read more at NASDAQ.: Stocks Mixed as Chip Stocks Turn Lower