US close, nos etc..10 Dec 2021 05:00
US mrkts ended lower after a 3 day rally the DJI up (562) ended flat but the Nsdq took the bigest hit off 245 at close. Jobless claims fell to 184,000 the lowest for 50 years as employers seek to fill vacancies. Investors will be watching for the CPI nos due today forecast at 6%-7%.
Electric vehicles stocks took a bashing after Lucid Groups proposed offer to iis to raise $1•75bn via convertible notes. The SEC investigating the SPAC merger panicked investors into dumping the stock 19% to $36. Warren Buffets latest investment got off to a solid start, NuBank the Brazilian financial tech Co rose 36% on its inaugural day. WB has a $500m stake which is small potatoes for BH.
One time meme stock darling Gamestop (video games retailer) slumped 10% to $158 as widening Q3 losses disappointed investors. The stock is down from $310 in January.
DJ u/c (35,755)
SP -34 (4667)
NS -245 (16,150)
R2 -23 (1377)
WTI $71•00
10ytb 1•498%
MSCI(W) -24 (3172)
Gold Bugs -7 (245)
Latest:- Oil $74•30. Vix 21•58.
Gold $1779. Copper $4•314.
Palm $1355. Silver $22•015.
Bitcoin $48,264. $1•320.
€1•169. Yen 113•493.
Yuan 6•364. FF -20. DF -5
Morning all.