• Soaring Stocks: Major Indexes Set for Robust Year-End Performance

  • Dec 31 2024
  • Length: 4 mins
  • Podcast

Soaring Stocks: Major Indexes Set for Robust Year-End Performance

Listen for free

View show details

  • Summary

  • **Major Index Performance**

    - **S&P 500**: Futures indicate a higher open, up 0.3% on the final day of the year, despite the index being on track to post a monthly loss. For the year, the S&P 500 is up 24%[2][3].
    - Daily movement: Expected to be up around 0.3% or approximately 18 points.
    - **Dow Jones Industrial Average**: Futures suggest a slightly higher open, up 0.2%. The Dow is set to post a monthly loss but has gained 13% for the year[2][3].
    - Daily movement: Expected to be up around 0.2% or approximately 86 points.
    - **NASDAQ Composite**: Futures are up 0.3%, with the NASDAQ having surged 30% in 2024[2][3].
    - Daily movement: Expected to be up around 0.3% or approximately 45 points.

    **Key Factors Driving Today's Market Direction**

    - Recovery from recent losses: The market is looking to rebound from two straight sessions of significant declines[2].
    - Year-end positioning: Investors are adjusting positions as the year comes to a close.
    - Economic and geopolitical factors: Ongoing economic data and geopolitical developments continue to influence market sentiment.

    **Notable Sector Performance**

    - **Top Gainers**: Large-cap technology stocks are higher across the board in premarket trading, including Tesla (up 1.7%), Apple, Nvidia, Microsoft, Alphabet, and Amazon[2].
    - **Top Decliners**: Boeing shares have been under pressure due to aircraft quality issues and a recent crash, though this impact may be less significant today as the market looks to recover[1].

    **Market Highlights**

    - **Most Actively Traded Stocks**: Tesla, Apple, Nvidia, Microsoft, Alphabet, and Amazon are among the most actively traded due to their significant market influence[1][2].
    - **Biggest Percentage Gainers and Losers**:
    - Gainers: Large-cap tech stocks like Tesla and others mentioned above.
    - Losers: Boeing has been a significant loser recently, though its impact may be muted today[1].
    - **Significant Market-Moving News Events**:
    - Boeing 737-800 crash and its ongoing quality issues.
    - Tesla's upcoming fourth-quarter deliveries report, expected on Thursday[1].

    **Technical Analysis**

    - **Current Market Trend**: The market is showing signs of a bullish trend as it attempts to recover from recent losses. However, the late-year slump has introduced some bearish indicators[2].
    - **Key Support and Resistance Levels**:
    - For Tesla, key support levels are around $360 and $300, with a potential price target of $615 based on technical analysis[1].
    - For the Dow Jones, a close above 42,700 is seen as a positive indicator, while a close below this level could indicate a negative trend[4].
    - **Trading Volume Analysis**: Trading volume is expected to be lower due to the year-end holiday period.
    - **VIX Movement and Implications**: The VIX (Volatility Index) is not explicitly mentioned in the sources, but typically, a lower VIX indicates reduced market volatility.

    **Forward-Looking Elements**

    - **Pre-market Futures Indication**: Futures are pointing to a higher open for major indexes, indicating a potential recovery from recent losses[2].
    - **Key Events to Watch for Tomorrow**: The start of the new year may bring new economic data releases and market adjustments.
    - **Important Upcoming Earnings Releases**: Tesla's fourth-quarter deliveries report is a key event to watch, scheduled for Thursday[1].
    - **Potential Market Catalysts**: The impact of Tesla's deliveries report, ongoing economic data, and any geopolitical developments could significantly influence the market in the coming days.
    Show More Show Less
Show More Show Less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Soaring Stocks: Major Indexes Set for Robust Year-End Performance

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.co.uk reviews

Amazon reviews
No Reviews are Available