Stock indexes are down, with the S&P 500, Dow Jones, and Nasdaq 100 all in negative territory. Geopolitical tensions in Iran are driving up WTI crude oil prices and precious metals. Strong US economic data and Fed comments are impacting stock stability. Trade news from China is positive for global growth.

US Nov PPI and retail sales exceeded expectations, while Dec existing home sales hit a 2.75-year high. Mortgage applications surged, and Fed officials weighed in on rate cuts. The Supreme Court didn’t rule on Trump’s tariffs. China’s trade data is encouraging. Earnings season kicks off with bank reports expected.

Overseas markets show mixed results. Interest rates are stable, with T-notes rising due to Iran tensions. European bond yields are lower. ECB comments and swaps indicate no rate hike soon. Chip makers are dragging down stocks, while energy stocks are climbing. Cryptocurrency-exposed stocks are rallying. Some US companies report earnings.

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