Wall Street broadly expects the annual inflation rate to remain stable at 2.7% in December, with the monthly pace coming in at 0.3%, numbers that are far from triggering broad-based market concerns.
Meanwhile, the 10-year Treasury bond yielded 4.19%, and the two-year bond was at 3.55%. The CME Group's FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.
Index
Performance (+/-)
Dow Jones
-0.13%
S&P 500
-0.12%
Nasdaq 100
-0.19%
Russell 2000
-0.22%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Tuesday. The SPY was down 0.019% at $694.53, while the QQQ declined 0.12% to $626.40, according to Benzinga Pro data.
Stocks In Focus
Alphabet
Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) was up 0.68% after it reached $4 trillion in market value amid the AI boom, and Apple Inc. (NASDAQ:AAPL) confirmed that Google Gemini will give Siri a long-awaited makeover.
Benzinga’s Edge Stock Rankings shows that GOOG maintains a stronger price trend over the short, medium, and long term, with a poor value ranking. Additional information is available here.
Xpeng
Xpeng Inc. ADR (NYSE:XPEV) dropped 2.63% despite a fresh announcement that it will establish independent, localized supply chain teams in Europe and ASEAN ...
