Stock indexes are up today, with the S&P 500 (+0.23%), Dow Jones (+0.12%), and Nasdaq 100 (+0.18%) all in positive territory. Futures for S&P and Nasdaq are also up. US Q3 GDP rose +4.3%, exceeding expectations. However, other economic reports were weaker-than-expected, reducing odds of a Fed rate cut.

US consumer confidence fell in December, while durable goods orders and industrial production were below expectations. The Richmond Fed manufacturing index improved. Stock markets are bullish due to seasonal trends, with historical data showing S&P 500 gains in late December.

Interest rates are slightly lower, with 10-year T-note prices falling on strong Q3 GDP data. European bond yields are down, while swaps indicate no rate cut by the ECB in February. In stock news, chip stocks are mixed, cryptocurrency-exposed stocks are lower, and miners are under pressure.

Sable Offshore Corp is up +23% after receiving approval for a pipeline restart plan. Zim Integrated Shipping Services is up +5% on buyout interest. No earnings reports were released today. Note that the author holds no positions in securities mentioned. The views expressed are solely informational and not reflective of Nasdaq, Inc.

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