Wake Up Wall Street (SPY) (QQQ): Central Bank week, but first a word from our inflation sponsors!
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADEHere is what you need to know on Tuesday, December 14:
We got the last of the inflation data sets today as producer prices show more shocking statistics. Well, not that shocking anymore! Certainly Friday's data did not hinder the S&P 500 from registering another record high, but this time an increase of 9.6% makes it the fastest rise on record for producer prices. The Fed meets tomorrow with more taper talk likely. Despite the rather shocking PPI, caution may be the watchword as the unknown effects of Omicron linger. The Fed usually takes a cautious, market-friendly approach and certainly will not want to be the Christmas grinch. Omicron has that potential. Added to Fed nerves will be the effect of a now confirmed default from China's Evergrande.
The dollar is slightly weaker this morning at 1.1316 versus the euro, Oil is falling to 70.26, and Bitcoin trades at $47,100. Gold is lower at $1,772.
European markets are lower: Eurostoxx, -0.4%, FTSE flat and Dax -0.4%.
US futures are also lower: S&P 500 -0.65%, Dow -0.3% and Nasdaq -1%.
Wall Street (SPY) (QQQ) stock news
US PPI 9.6% yearly versus 9.2% expected.
Tesla (TSLA) closes below $1,000. Elon is still selling. Tesla will accept Dogecoin for merchandise on a test basis.
AMC close to $20, down 8% premarket.
Cloudflare (NET) was downgraded by JPMorgan.
Pfizer (PFE) BioNTech (BNTX) says oral covid treatment reduces the risk of hospitalization or death by 89% within 3 days of symptom onset in phase 2/3 trial.
Neogen (NEOG) enters an agreement with 3M to separate its food safety business and combine it with Neogen.
Arcelor Mittal (MT) enters into repurchase agreements with subordinated notes holders.
Moderna (MRNA) to set up a manufacturing plant in Australia.
Weibo (WB) gets a fine from the Cyberspace Administration of China.
Oscar Health (OSCR): Goldman Sachs starts coverage with a sell rating.
Planet Labs (PL) issues Q4 guidance below estimates, down 15% premarket.
Upgrades and downgrades
Source: Benzinga Pro
Economic releases
Like this article? Help us with some feedback by answering this survey:
Here is what you need to know on Tuesday, December 14:
We got the last of the inflation data sets today as producer prices show more shocking statistics. Well, not that shocking anymore! Certainly Friday's data did not hinder the S&P 500 from registering another record high, but this time an increase of 9.6% makes it the fastest rise on record for producer prices. The Fed meets tomorrow with more taper talk likely. Despite the rather shocking PPI, caution may be the watchword as the unknown effects of Omicron linger. The Fed usually takes a cautious, market-friendly approach and certainly will not want to be the Christmas grinch. Omicron has that potential. Added to Fed nerves will be the effect of a now confirmed default from China's Evergrande.
The dollar is slightly weaker this morning at 1.1316 versus the euro, Oil is falling to 70.26, and Bitcoin trades at $47,100. Gold is lower at $1,772.
European markets are lower: Eurostoxx, -0.4%, FTSE flat and Dax -0.4%.
US futures are also lower: S&P 500 -0.65%, Dow -0.3% and Nasdaq -1%.
Wall Street (SPY) (QQQ) stock news
US PPI 9.6% yearly versus 9.2% expected.
Tesla (TSLA) closes below $1,000. Elon is still selling. Tesla will accept Dogecoin for merchandise on a test basis.
AMC close to $20, down 8% premarket.
Cloudflare (NET) was downgraded by JPMorgan.
Pfizer (PFE) BioNTech (BNTX) says oral covid treatment reduces the risk of hospitalization or death by 89% within 3 days of symptom onset in phase 2/3 trial.
Neogen (NEOG) enters an agreement with 3M to separate its food safety business and combine it with Neogen.
Arcelor Mittal (MT) enters into repurchase agreements with subordinated notes holders.
Moderna (MRNA) to set up a manufacturing plant in Australia.
Weibo (WB) gets a fine from the Cyberspace Administration of China.
Oscar Health (OSCR): Goldman Sachs starts coverage with a sell rating.
Planet Labs (PL) issues Q4 guidance below estimates, down 15% premarket.
Upgrades and downgrades
Source: Benzinga Pro
Economic releases
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.