Stocks waver ahead of tomorrow’s interest rate decision |
The S&P 500 ended Tuesday’s session slightly lower, while the Nasdaq 100 posted a modest gain. The Russell 2000 notched a new intraday all-time high as small caps are poised to benefit from tomorrow’s anticipated rate cut. Fed Chair Jerome Powell’s commentary will offer crucial insight into the central bank’s approach to easing in 2026.
Traders also digested delayed JOLTS data from September and October, which showed higher-than-expected job openings in October. Stocks that moved higher: |
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JPMorgan Chase fell as its retail banking head Marianne Lake remarked that the consumer environment is a "bit more fragile" during the Goldman Sachs financial services conference. Wells Fargo dipped as well.
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Nvidia shed gains after the Financial Times reported that China may limit its access to H200 chips despite Trump's announcement yesterday.
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Apple is so bad at AI that its stock is increasingly detached from the rest of Big Tech. Some days that’s a blessing; on others, it’s a curse.
Read more. |
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Google’s Waymo and Tesla will still be in the lead.
Read more. |
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GameStop falls after Q3 revenues dip about 5% year-on-year Video game and collectibles retailer GameStop just reported: |
- Net sales: $821 million (consensus estimate: $987 million)
- Adjusted net income: $139.3 million (consensus estimate: $107 million)
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- Retail share of US trading volume passes 20% in 2025, analyst says
In a research piece published today, analysts at Jefferies said retail investors now make up more than 20% of all US trading volumes.
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ChatGPT reaches nearly 900 million weekly active users
As of Google’s last earnings call, Gemini had 650 million monthly active users.
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New bitcoin AfterDark ETF will be bitcoin at night, Treasuries by day
Most bitcoin gains in 2024 occurred outside regular U.S. trading hours.
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Falling behind its rivals and facing internal tension, Meta reportedly preps new “Avocado” AI model
Reports are emerging of internal tension and clashing corporate culture among the new AI teams joining Meta, as the company races to ship a new frontier model.
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Tesla is making even fewer Cybertrucks now than when it first started
At an annualized production rate of less than 11,000, it’s a “commercial failure.” -
OpenAI races to release updated ChatGPT in response to Gemini, the WSJ reports
Sam Altman’s “code red” pivots the startup’s attention away from Sora and AGI and focuses on beefing up ChatGPT.
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JPMorgan said Marvell’s management told them their Microsoft and Amazon custom chip business is on track, contradicting other reports
The latest release from the Marvell Chipematic Universe is out.
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Microsoft invests tens of billions for AI infrastructure in India and Canada
Microsoft made a series of AI investment announcements this morning.
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Boeing delivered 44 jets in November, down 17% from October and trailing Airbus
Boeing has delivered 537 jets year to date in 2025, significantly ahead of the 348 it delivered last year.
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