The S&P 500, Dow Jones, and Nasdaq are down today due to AI spending concerns, with Microsoft dropping over 12%. Meta Platforms and IBM are up, while WTI crude oil prices surged over 3% on Trump’s Iran deal comments. US weekly initial claims fell slightly, but trade deficit widened in Nov. Threats of new tariffs and government shutdowns loom. Market focuses on earnings and potential rate cuts, with overseas markets mixed. T-notes and European bond yields fall. Eurozone economic confidence rises. Stocks like Microsoft, Amazon, and Tesla drop, while energy producers like APA Corp and ConocoPhillips rise. Meta Platforms, IBM, and Royal Caribbean Cruises report positive results. Cryptocurrency-related stocks fall. Southwest Airlines and Lockheed Martin forecast strong results. Earnings reports for companies like Apple and Visa are due.

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