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Bitcoin's price has fallen below $100,000, prompting increased discussions about "buying the dip" as investor sentiment shifts amid a broader market downturn. The Federal Reserve's recent interest rate cut and mixed economic forecasts have contributed to this volatility, with altcoins like Ethereum and Solana also experiencing declines. Despite the overall market slump, some assets like Movement and Zerebro have shown significant gains, while global search interest in cryptocurrencies continues to wane.
US stocks fell on Friday as the House voted against a Trump-backed spending bill, raising the likelihood of a government shutdown. The Nasdaq Composite led losses with a 0.8% drop, while the S&P 500 and Dow Jones fell 0.4% and 0.1%, respectively. Key inflation data showed a month-over-month deceleration in price increases, but inflation remains a concern for the Federal Reserve.
Stock futures narrowed losses following a better-than-expected inflation reading, with the Dow down 0.3% and the S&P 500 and Nasdaq down 0.5% and 0.8%, respectively. Large-cap tech stocks fell, with Nvidia, Apple, and Microsoft among the decliners, while Nike dropped 6% after its earnings report. FedEx shares surged over 8% after announcing plans to spin off its freight business, overshadowing a lowered outlook.
Nestlé in Ukraine increased production by 10% in 2024, with plans for similar growth in 2025, despite ongoing challenges from the war. CEO Alessandro Zanelli highlighted the resilience of the Ukrainian economy, stable inflation, and the company's strategy focused on sustainability and adaptability. The new plant in Volyn, set to launch in January 2025, aims to create a food production center for significant exports, reinforcing Nestlé's commitment to investing in Ukraine during these challenging times.
US stock futures indicate a challenging day ahead as the House voted against a Trump-backed spending bill, raising the likelihood of a government shutdown. Key inflation data is anticipated, with futures for the S&P 500 down 1% and Nasdaq futures plunging 1.6%. Major stocks, including Nvidia and Tesla, faced significant declines amid global market pressures and disappointing earnings reports.
U.S. stock index futures fell sharply amid fears of a government shutdown and shifting interest rate expectations, as Congress struggles with President Trump's spending bill. The Federal Reserve has raised its inflation forecast for 2025, contributing to market volatility.In Russia, the central bank maintained its key interest rate at 21%, surprising markets that expected a hike. This decision aims to combat inflation, currently at 9.5%, while facing criticism from business leaders who argue that high rates hinder investment in a strained economy.
U.S. stock futures are down as investors brace for a potential government shutdown and await inflation data, with Nasdaq and S&P 500 futures falling 1.5% and 1.0%, respectively. Novo Nordisk's stock plummets 19% after disappointing results for its obesity drug CagriSema, while FedEx shares surge 8% on plans to spin off its Freight unit. Nike's stock dips 6% despite better-than-expected earnings, as it warns of a revenue drop in Q3.
Dogecoin's price plummeted to $0.31, a 35% drop from its 2024 peak of $0.47, following Federal Reserve Chair Jerome Powell's comments on inflation. Trading volume surged to $10.25 billion, with $83 million in outflows from Binance, reflecting heightened market volatility and selling pressure across the meme coin sector, including significant declines in SHIB and BONK. Despite the downturn, Dogecoin retains a market cap of $46.6 billion, maintaining its position as the seventh-largest cryptocurrency.
Gold prices face potential decline below the $2,600 mark amid unease following the Fed's recent interest rate cut to 4.25-4.50%. Investor sentiment is dampened by uncertainty surrounding upcoming Trump policies and inflation trends, particularly as the PCE deflator data is anticipated. The market remains cautious as many investors have begun their holiday breaks.
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Investors are optimistic about the U.S. stock market's prospects for 2025, anticipating strong corporate profit growth and a solid economy, despite concerns over persistent inflation and potential tariffs under President Trump. The S&P 500 is projected to rise 14%, with year-end targets ranging from 6,000 to 7,000, as the current bull market shows room for further gains. However, elevated valuations and inflation risks could lead to market volatility.
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