As of Friday, the Dow was 1838 points, down 005%, closing at 3738597 points;NASDAQ**2911 points, up 019% to close at 1499297 points;S&P 500 Index**788 points, an increase of 017% to close at 475463 points. The S&P 500 is just 09%。The three major stock indexes closed up this week, marking the eighth consecutive week**. This is the first time since 2019 that the Dow and the S&P 500 have recorded eight consecutive weekly positives since 2017. The Dow Jones has accumulated **02%, NASDAQ cumulative **12%, S&P 500**08%。
This Friday is also the so-called"Christmas rally"The latter cycle is the last 5 trading days of the year and the first two 2 trading days of the New Year. Historically, realized"Christmas rally"The probability is close to 80%, and since 1950, the average of U.S. stocks during this period has been **13%, which is higher than the performance of the other 7 consecutive trading days.
According to data released by the U.S. Department of Commerce, the U.S. core PCE price index, which excludes food and energy**, was 3 year-on-year in November2%, 01%, which is 33% and 02%。As the Fed's preferred inflation gauge, this data means that inflation is moving closer to the Fed's target. Meanwhile, the PCE price index, which includes food and energy, was 2 year-on-year in November6%, 01%。In addition, consumer personal spending**03%, income **04%, in line with market expectations, indicating that spending is growing rapidly despite inflationary pressures.
According to another data released by the U.S. Department of Commerce, U.S. new home sales fell by 12 percent month-on-month in November, as they continued to be pressured by rising mortgage rates2% to 590,000 units, a one-year low, lower than the previous value and the expected level. New home sales fell significantly in the southern and western U.S., with sales in the southern U.S. down nearly 21%. In addition, the median of new home sales in November was 43$470,000.
According to data released by the University of Michigan, the final value of the inflation rate expected by U.S. consumers for the coming year is 31%, in line with the preliminary reading, the lowest level since March 2021. Inflation is expected to be 2 for the next 5-10 years9%, slightly higher than the initial value. Meanwhile, the University of Michigan Consumer Sentiment Index rose to 697. The increase relative to November hit the largest level since 2005.
Shares of Nike Inc. closed down 1178% to close at 108$04 shares. The company had previously unveiled a cost-cutting plan for the next three years, which would cut about $2 billion, while downgrading its sales outlook. Nike expects full-year revenue growth of about 1%, lower than previously expected. In the current fiscal quarter, which includes the second half of the holiday shopping season, Nike expects revenue from the same period last year**.
On Friday, the latest data from the International Monetary Fund** showed that the dollar's share of global central bank reserves declined in the three months to the end of September, while the yen's share increased.
Specifically,The dollar's share of global foreign exchange reserves in the third quarter of this year was 592%, up from 59 percent in the second quarterThe decline of 4% was the lowest since the fourth quarter of last year. The euro's share also declined, from 197% fell slightly to 196%, the share of the yen from 53% to 55%。The shares of the Chinese yuan, the British pound, the Australian dollar, the Canadian dollar and the Swiss franc were little changed.
Iran's Tasnim News Agency said on the 23rd local time that a commander of Iran's Islamic Revolutionary Guard Corps said on the same day that if the United States and its allies continue to commit crimes in the Gaza Strip, it may prompt the emergence of new resistance forces. He said that "the Mediterranean, the Strait of Gibraltar and other waterways" could be closed.
This Thursday (21 December), Angola announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), ending its 16-year membership. At the same time, it also told the outside world that this seemingly powerful oil cartel is not calm inside.
It is understood that this decision has been officially entered into force by the decree signed by Lourenço, Angola, and the number of OPEC members has also been reduced from 13 to 12. In response, Clay Seigle, a senior executive at Rapidan Energy Group, said that Angola's decision was not very surprising, as the contradiction was already evident last month.