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The Breakfast Briefing: U.S. Stock Futures Point To A Christmas Eve Bounce For Battered Equities

FYI: (Market's Close At 1:00 PM EST.)

U.S. stock futures rose Monday, indicating markets could bounce in a holiday-shortened session after the worst week of trading since the financial crisis of 2008.

Dow Jones Industrial Average futures YMH9, +0.36% rose 125 points, or 0.6%, to 22,533, while S&P 500 futures ESH9, +0.41% gained 15 points, or 0.6%, to 2,429.25. Nasdaq-100 NQH9, +0.60% futures rose 38.75 points, or 0.6%, to 6,102.

On Friday, the Dow Jones Industrial Averages DJIA, -1.81% fell 414.23 points, or 1.8%, to 22,445.37, while the S&P 500 index SPX, -2.06% fell 50.84 points, or 2.1%, to 2,416.58. The Nasdaq Composite Index COMP, -2.99% COMP, -2.99% traded down 195.41 points, or 3%, to 6,332.99.

The Nasdaq officially entered bear market territory Friday, down 21.9% from its Aug. 31 highs. That’s as the S&P and the Dow inch closer to bear market territory, with the S&P off 17.5% from its Sept. 20 highs, and the Dow down 16.3% from an Oct. 3 high.

The weekly performances for the Dow — off 6.9% — and the Nasdaq — down 8.4% — were the worst since 2008. The S&P fell 7.1% for its worst weekly showing since 2011. Friday’s volumes were the heaviest since August 2011.
Regards,
Ted

WSJ:
https://www.wsj.com/articles/global-stocks-slip-amid-treasury-department-comments-11545642300

Bloomberg:
https://www.bloomberg.com/news/articles/2018-12-23/asian-stocks-set-to-slip-yen-up-as-caution-reigns-markets-wrap?srnd=premium

MarketWatch:
https://www.marketwatch.com/story/us-stock-futures-point-to-a-christmas-eve-bounce-for-battered-equities-2018-12-24/print

IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-bear-market-trump-government-shutdown-fed-chairman-powell/

Reuters:
https://www.reuters.com/article/us-usa-stocks/index-futures-little-changed-ahead-of-holiday-shortened-week-idUSKCN1OM0M7

CNBC:
https://www.cnbc.com/2018/12/24/us-stock-futures-fall-slightly-as-the-dow-attempts-to-rebound-from-its-worst-week-in-a-decade.html

Europe:
https://www.reuters.com/article/us-europe-stocks/european-shares-dip-in-thin-holiday-trade-idUSKCN1ON0CB

Asia:
https://www.marketwatch.com/story/asian-markets-mostly-lower-as-investors-await-wall-streets-next-move-2018-12-23/print

Bonds:
https://www.cnbc.com/2018/12/21/bonds-us-treasury-yields-continue-climb-ahead-of-auctions.html

Currencies:
https://www.cnbc.com/2018/12/24/forex-markets-japanese-yen-swiss-franc-us-politics-in-focus.html

Oil:
https://www.cnbc.com/2018/12/24/oil-markets-global-crude-supply-in-focus.html

Gold:
https://www.cnbc.com/2018/12/24/gold-markets-us-politics-dollar-in-focus.html

Current Futures:
https://finviz.com/futures.ashx



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