Daily global market review

Following some initial fluctuation in prices, major indices largely adhered to narrow trading ranges for the majority of the session. Notably, the performance of mega caps and semiconductor stocks exerted considerable downward pressure on the indices, with NVIDIA (NVDA) experiencing a 2.7% decline and influencing the Vanguard Mega Cap Growth ETF (MGK), which fell by 1.1%, and the PHLX Semiconductor Index, which dropped by 1.2%. The S&P 500, weighted by market capitalization, closed with a 0.5% loss, while the equal-weighted S&P 500 managed a modest 0.1% gain.

Amidst this, funds flowed into alternative stocks, providing some counterbalancing support to the broader market. Airlines saw notable gains following news of Alaska Air (ALK) planning to acquire Hawaiian Holdings (HA), propelling the US Global Jets ETF (JETS) up by 4.2%. Additionally, banks, retailers, and homebuilders demonstrated relative strength, with the SPDR S&P Bank ETF (KBE) surging by 1.2%, the SPDR S&P Retailer ETF (XRT) rising by 1.1%, and the SPDR S&P Homebuilder ETF (XHB) climbing by 0.7%.

Crypto-related stocks also experienced strength, benefitting from the recent surge in cryptocurrency prices. Bitcoin, at $40,632, and Ethereum, at $2,228.75, contributed to Coinbase Global (COIN) surging by more than 5.0%. However, the market faced constraints from rising Treasury yields and losses in mega-cap and semiconductor shares. The 2-year note yield rose nine basis points to 4.65%, and the 10-year note yield increased by six basis points to 4.29%.

In a separate development, gold futures settled $47.50 lower (-2.3%) at $2,042.20/oz, retracing from overnight all-time highs above $2,100/oz, possibly due to profit-taking activity. Examining today's economic data, the October Factory Orders reported a 3.6% decline, surpassing the consensus estimate of -2.6%. This marks the most significant month-over-month contraction since April 2020, with a notable downward revision to September figures. Looking ahead, Tuesday's economic data includes the final November S&P Global US Services PMI at 9:45 ET and the November ISM Non-Manufacturing PMI at 10:00 ET.

The stock market's performance was influenced by rising Treasury yields, profit-taking activities in mega-cap stocks, the strength in airline stocks post-Alaska Air and Hawaiian Holdings deal, and resilience in other discretionary sectors like retailers and homebuilders. In terms of market breadth, utilities, real estate, health care, and consumer staples exhibited strength, while communication services, information technology, materials, consumer discretionary, and energy were on the weaker side.

In the United States, the Dow recorded a slight increase of 0.11%, closing at 36,204.44, while the S&P 500 experienced a 0.54% decline, finishing at 4,569.78. The NASDAQ also saw a decrease of 0.84%, closing at 14,185.49. The VIX, reflecting market volatility, rose by 3.56%, reaching 13.08. The Russell 2000, representing small-cap stocks, demonstrated a positive trend with a gain of 1.04%, closing at 1,882.02. In Canada, the S&P/TSX Composite declined by 0.21%, closing at 20,410.21, while the S&P/TSX 60 had a marginal decrease of 0.07%, closing at 1,230.52. In Brazil, the BOVESPA index recorded a 1.08% decline, closing at 126,802.79. In Chile, the S&P IPSA decreased by 1.08%, closing at 5,823.36, and in Mexico, the S&P/BMV IPC increased by 0.28%, closing at 54,053.63.

In Europe, the STOXX Europe 50 closed at 4,019.45, while the STOXX Europe 600 had a slight decline of 0.09%, closing at 465.78. In the United Kingdom, the FTSE 250 decreased by 0.26%, closing at 18,361.25, and the FTSE 100 had a 0.22% decline, closing at 7,512.96. In Germany, the DAX increased marginally by 0.04%, closing at 16,404.76. Italy's FTSE MIB and France's CAC 40 both saw minimal declines of 0.05% and 0.18%, closing at 29,914.09 and 7,332.59, respectively. Switzerland's SMI, however, experienced a positive trend with a 0.60% increase, closing at 10,952.44.

In Asia, the Nikkei 225 in Japan remained unchanged at 33,231.27, while Hong Kong's Hang Seng recorded a 1.09% decrease, closing at 16,646.05. The Shanghai Composite in China saw a 0.29% decline, closing at 3,022.91, and the Shenzhen Composite had a 0.62% decrease, closing at 9,660.44. Australia's S&P/ASX 200 closed at 7,124.70. South Korea's KOSPI increased by 0.40%, closing at 2,514.95, and Taiwan's SE declined by 0.10%, closing at 17,421.48. In India, the Bombay Sensex recorded a notable gain of 2.05%, closing at 68,865.12.

On the 4th of December, the BSE MidCap index concluded at 34,999.76, exhibiting a significant increase of 1.19%, corresponding to a gain of 413.00 points. The index oscillated between the high of 35,124.23 and the low of 34,840.45. Simultaneously, the BSE Sensex marked a substantial surge, closing at 68,865.12 with a notable 2.05% increase, reflecting a gain of 1383.93 points. The high and low for the BSE Sensex were reported at 68,918.22 and 68,274.47.

In the SmallCap category, the BSE SmallCap index reported a closing value of 41,051.01, depicting a 1.20% increase and a gain of 485.05 points. The index moved between the high of 41,221.91 and the low of 40,901.69. Meanwhile, the India VIX, indicating market volatility, experienced a 4.93% increase, closing at 12.9925, with the high and low reported at 13.1600 and 11.3400.

Transitioning to NSE indices, the NIFTY Midcap 100 index concluded at 43,918.60, showing a 1.24% increase and a gain of 536.20 points. The index fluctuated between the high of 44,148.90 and the low of 43,727.95. Similarly, the NIFTY Smallcap 100 closed at 14,437.70, marking a 1.39% increase with a gain of 198.40 points, and the high and low were noted at 14,514.90 and 14,360.95. Additionally, the Nifty smallcap 50 index recorded a closing value of 6,698.50, indicating a 1.72% increase and a gain of 113.35 points, with the high and low reported at 6,715.60 and 6,648.05.

Among the broader market indices, the Nifty 100 exhibited a robust performance, closing at 20,757.95, reflecting a 2.06% increase and a gain of 418.50 points. The index moved between the high of 20,773.70 and the low of 20,586.75. The Nifty 200 recorded a closing value of 11,180.75, showing a 1.93% increase with a gain of 211.75 points, and fluctuated between the high of 11,189.05 and the low of 11,095.70. Additionally, the Nifty 50 concluded at 20,686.80, marking a 2.07% increase and a gain of 418.90 points, with the high and low reported at 20,702.65 and 20,507.75.

In the international context, the Nifty 50 USD index experienced a 1.98% increase, closing at 8,598.43, with no significant fluctuations during the day. Meanwhile, the Nifty 50 Value 20 index ended at 10,943.05, showing a 1.04% increase and a gain of 113.15 points, fluctuating between the high of 10,960.05 and the low of 10,905.80.

The broader Nifty 500 index concluded at 18,448.50, marking a 1.84% increase and a gain of 333.15 points, with the high and low at 18,460.00 and 18,315.45. Moving to the midcap segment, the Nifty Midcap 150 closed at 16,302.45, reflecting a 1.23% increase and a gain of 197.65 points, with the high and low reported at 16,370.80 and 16,223.20. Additionally, the Nifty Midcap 50 ended the day at 12,464.45, showing a 1.05% increase and a gain of 129.95 points, fluctuating between the high of 12,519.60 and the low of 12,412.90.

In the category of Nifty Next 50, the index concluded at 49,424.80, marking a 1.94% increase and a gain of 938.40 points, with the high and low reported at 49,473.10 and 49,071.40. The Nifty Smallcap 250 recorded a closing value of 13,489.05, showing a 1.22% increase and a gain of 162.45 points, with the high and low at 13,569.20 and 13,439.05.

Shifting to BSE indices, the S&P BSE ALLCAP closed at 8,490.28, reflecting a 1.80% increase and a gain of 149.85 points, with fluctuations between the high of 8,495.52 and the low of 8,433.96. The S&P BSE-100 concluded at 21,273.22, indicating a 2.00% increase and a gain of 417.53 points, with the high and low reported at 21,287.24 and 21,099.95. The S&P BSE-200 closed at 9,139.73, showing a 1.92% increase and a gain of 171.84 points, fluctuating between the high of 9,146.11 and the low of 9,073.14. Lastly, the S&P BSE-500 ended at 29,164.88, marking a 1.84% increase and a gain of 525.66 points, with the high and low at 29,182.92 and 28,960.84.

• Palantir Technologies Inc. Class A (PLTR) is currently priced at $18.40, showing a decrease of $1.87, equivalent to a 9.23% decline. The trading volume for PLTR is 104 million, and its 52-week range spans from $5.92 to $21.85.
• Tesla, Inc. (TSLA) is trading at $235.58, reflecting a decrease of $3.25, translating to a 1.36% decline. TSLA has a trading volume of 104 million, and its 52-week range is between $101.81 and $299.29.
• Uber Technologies, Inc. (UBER) currently has a price of $58.63, indicating an increase of $1.28, or 2.23%. The trading volume for UBER is 85 million, and its 52-week range is $23.90 to $60.92.
• Marathon Digital Holdings Inc (MARA) is priced at $14.86, marking a positive change of $1.16, equivalent to an 8.47% increase. The trading volume for MARA is 81 million, and its 52-week range is $3.11 to $19.88.
• Nokia Oyj Sponsored ADR (NOK) has a current price of $3.16, reflecting a decrease of $0.33, or 9.46%. The trading volume for NOK is 61 million, and its 52-week range spans from $3.05 to $5.11.
• Ford Motor Company (F) is trading at $10.70, with a positive change of $0.12, representing a 1.13% increase. The trading volume for F is 54 million, and its 52-week range is $9.63 to $15.42.
• NIO Inc. Sponsored ADR Class A (NIO) has a current price of $7.32, showing an increase of $0.17, or 2.38%. The trading volume for NIO is 53 million, and its 52-week range is $7.00 to $16.18.
• Altimmune, Inc. (ALT) is currently priced at $4.63, reflecting a notable increase of $1.06, equivalent to a 29.69% surge. The trading volume for ALT is 53 million, and its 52-week range spans from $2.09 to $17.17.
• American Airlines Group Inc. (AAL) has a current price of $13.35, with a positive change of $0.33, representing a 2.53% increase. The trading volume for AAL is 51 million, and its 52-week range is $10.86 to $19.08.
• Intel Corporation (INTC) is trading at $42.35, showing a decrease of $1.39, equivalent to a 3.18% decline. The trading volume for INTC is 50 million, and its 52-week range is $24.73 to $45.34.
• SilverSun Technologies, Inc. (SSNT) is currently priced at $12.49, indicating a significant increase of $8.82, equivalent to a remarkable 240.33% surge. The trading volume for SSNT is 41 million, and its 52-week range spans from $2.67 to $13.37.
• Hawaiian Holdings, Inc. (HA) has a current price of $14.22, reflecting a substantial increase of $9.36, or 192.59%. The trading volume for HA is 35 million, and its 52-week range is $3.70 to $14.25.
• EyePoint Pharmaceuticals, Inc. (EYPT) is currently priced at $18.34, showing a notable increase of $11.73, equivalent to a significant 177.46% surge. The trading volume for EYPT is 21 million, and its 52-week range is $2.19 to $22.44.
• enGene Holdings Inc. (ENGN) has a current price of $12.31, reflecting a positive change of $4.81, representing a 64.13% increase. The trading volume for ENGN is 706K, and its 52-week range is $6.70 to $47.17.
• XBP Europe Holdings Inc. (XBP) is trading at $38.00, showing a substantial increase of $14.15, equivalent to a 59.33% surge. The trading volume for XBP is 170K, and its 52-week range is $9.85 to $38.38.
• Turnstone Biologics Corp. (TSBX) is currently priced at $2.99, reflecting a positive change of $0.88, equivalent to a 41.71% increase. The trading volume for TSBX is 151K, and its 52-week range is $1.63 to $13.20.
• Arena Group Holdings, Inc. (AREN) has a current price of $3.42, indicating a positive change of $0.94, or 37.90%. The trading volume for AREN is 491K, and its 52-week range is $1.75 to $16.50.
• Incannex Healthcare Inc. (IXHL) is trading at $7.15, showing an increase of $1.92, equivalent to a 36.71% surge. The trading volume for IXHL is 312K, and its 52-week range is $1.96 to $17.40.
• Chanson International Holding Class A (CHSN) is currently priced at $2.90, reflecting a positive change of $0.77, representing a 36.15% increase. The trading volume for CHSN is 353K, and its 52-week range is $1.04 to $4.28.
• CEL-SCI Corporation (CVM) has a current price of $2.80, indicating a positive change of $0.73, or 35.27%. The trading volume for CVM is 3 million, and its 52-week range is $1.04 to $3.33.
• Volato Group, Inc. Class A (SOAR) is currently priced at $8.80, showing a decrease of $5.70, equivalent to a 39.31% decline. The trading volume for SOAR is 83K, and its 52-week range spans from $8.12 to $12.14.
• Volato Group, Inc. Class A (PACI) has a current price of $8.80, reflecting a decrease of $5.70, or 39.31%. The trading volume for PACI is 83K, and its 52-week range is $8.12 to $12.14.
• Conduit Pharmaceuticals Inc. (CDT) is currently priced at $3.65, indicating a decrease of $1.85, equivalent to a 33.67% decline. The trading volume for CDT is 170K, and its 52-week range is $0.95 to $25.00.
• NexImmune, Inc. (NEXI) has a current price of $4.07, showing a decrease of $1.98, or 32.73%. The trading volume for NEXI is 1M, and its 52-week range is $1.25 to $20.35.
• Gyre Therapeutics Inc. (GYRE) is currently priced at $16.06, reflecting a decrease of $7.34, equivalent to a 31.37% decline. The trading volume for GYRE is 385K, and its 52-week range is $2.83 to $27.39.
• Gyre Therapeutics Inc. (CBIO) has a current price of $16.06, indicating a decrease of $7.34, or 31.37%. The trading volume for CBIO is 385K, and its 52-week range is $2.83 to $27.39.
• Clean Earth Acquisitions Corp. Class A (CLIN) is trading at $6.88, showing a decrease of $2.83, equivalent to a 29.15% decline. The trading volume for CLIN is 49K, and its 52-week range is $6.29 to $11.36.
• Roadzen, Inc. Class A (RDZN) is currently priced at $3.51, reflecting a decrease of $1.41, representing a 28.66% decline. The trading volume for RDZN is 48K, and its 52-week range is $3.48 to $17.00.
• Garden Stage Ltd. (GSIW) is trading at $7.28, indicating a decrease of $2.92, or 28.63%. The trading volume for GSIW is 538K, and its 52-week range is $4.20 to $11.70.
• Dune Acquisition Corp. Class A (DUNE) has a current price of $5.53, showing a decrease of $1.88, equivalent to a 25.37% decline. The trading volume for DUNE is 62K, and its 52-week range is $4.40 to $10.66.

In the realm of cryptocurrencies, the Nasdaq Crypto Index surged by 7.91%, reaching 2,306.89, with Bitcoin demonstrating a 4.96% increase and closing at 42,012.00. Ether experienced a modest gain of 1.77%, closing at 2,234.30, while Litecoin showed a marginal decline of 0.36%, closing at 72.05. XRP had a minimal decrease of 0.10%, closing at 0.62. These cryptocurrency values were last updated on December 4 at 5:08:30 PM ET.

Turning to currency exchange rates, the Euro to US Dollar pair had a decrease of 0.01%, closing at 1.0832, and the British Pound to US Dollar pair recorded a 0.01% decrease, closing at 1.2630. The US Dollar to Canadian Dollar pair saw a 0.28% increase, closing at 1.3538, while the US Dollar to Swiss Franc pair had a 0.32% increase, closing at 0.8726. The US Dollar to Japanese Yen pair closed at 147.1710 with a 0.42% increase. These currency rates were last updated on December 4 at 5:08:38 PM ET.

In the domain of bonds and rates, the 3 Month Treasury yield stood at 5.213% with a minimal decrease of 0.010, while the 2 Year Treasury yield showed a significant increase of 0.091, closing at 4.646%. The 5 Year Treasury yield increased by 0.080, reaching 4.222%, and the 10 Year Treasury yield recorded a slight increase of 0.036, closing at 4.257%. The 30 Year Treasury yield saw a minimal increase of 0.004, closing at 4.410%.

In the current market overview, the Bloomberg Commodity Index (BCOMTR:IND) experienced a decline of 3.28 points, or 1.41%, closing at 228.68. Similarly, the UBS Bloomberg CMCI (CMCITR:IND) saw a decrease of 12.25 points, or 0.81%, settling at 1,507.76. The Reuters/Jefferies CRB (CRYTR:IND) index dropped by 3.46 points, or 1.12%, concluding at 304.61. The Rogers International (RICIGLTR:IND) index declined by 42.63 points, or 1.15%, closing at 3,653.54. Additionally, the S&P GSCI (SPGSCITR:IND) experienced a decrease of 43.48 points, or 1.26%, ending at 3,417.63 as of December 1, 2023.

Moving to the energy sector, WTI Crude Oil (CL1:COM) saw a decline of 0.77 USD/bbl., or 1.04%, closing at 73.30, while Brent Crude (CO1:COM) dropped by 0.66 USD/bbl., or 0.84%, finishing at 78.22. RBOB Gasoline (XB1:COM) exhibited an increase of 2.48 USd/gal., or 1.17%, settling at 214.59. Conversely, Natural Gas (NG1:COM) experienced a decrease of 0.11 USD/MMBtu, or 3.91%, closing at 2.70. Heating Oil (HO1:COM) saw an increase of 0.57 USd/gal., or 0.21%, ending at 266.72.

In the Precious and Industrial Metals category, Gold (GC1:COM) on Comex dropped by 41.30 USD/t oz., or 1.98%, concluding at 2,048.40 for the Feb 2024 contract. Gold Spot (XAUUSD:CUR) exhibited a decrease of 43.07 USD/t oz., or 2.08%, closing at 2,029.15. Silver (SI1:COM) on Comex saw a decline of 0.96 USD/t oz., or 3.72%, closing at 24.90 for the Mar 2024 contract. Copper (HG1:COM) on Comex experienced a decrease of 10.65 USd/lb., or 2.71%, concluding at 382.50 for the Mar 2024 contract. Platinum Spot (XPTUSD:CUR) dropped by 15.75 USD/t oz., or 1.68%, finishing at 921.40.

Lastly, in the Agriculture sector, Corn (C 1:COM) on CBOT increased by 0.25 USd/bu., or 0.05%, closing at 485.00 for the Mar 2024 contract. Wheat (W 1:COM) on CBOT exhibited an increase of 15.50 USd/bu., or 2.57%, concluding at 618.25 for the Mar 2024 contract. Cocoa (CC1:COM) on ICE saw a decrease of 30.00 USD/MT, or 0.71%, closing at 4,171.00 for the Mar 2024 contract. Cotton #2 (CT1:COM) on ICE dropped by 0.74 USd/lb., or 0.93%, finishing at 78.68 for the Mar 2024 contract. Live Cattle (LC1:COM) on CME experienced a decline of 2.27 USd/lb., or 1.35%, concluding at 166.85 for the Feb 2024 contract.

• Potential Profit-Taking in Tech Stocks: Given the recent pullback in large-cap U.S. technology stocks, there's a possibility of investors taking profits in this sector, which has been a major driver of market gains throughout the year.
• Market Reaction to U.S. Labour Reports: The upcoming U.S. labour-market reports, including the JOLTS report tomorrow, ADP private-payrolls report on Wednesday, and nonfarm payrolls on Friday, could significantly impact market sentiment and direction.
• Impact of Bank of Canada's Interest-Rate Decision: The market's trajectory may be influenced by the Bank of Canada's decision on interest rates this Wednesday, affecting various sectors, including real estate and growth sectors.
• Continued Pressure on Oil Prices: With oil prices finishing the day around $73 per barrel, there may be ongoing downward pressure on the energy sector, influencing related stocks and sectors.
• Moderation in U.S. Labour-Market Conditions Expected: Anticipation of a steady, rather than sharp, rise in unemployment suggests a cautious optimism about the U.S. labour market. This outlook may guide investment decisions with a consideration for potential changes in economic conditions.
• Market Leadership Diversification: The strong November gains across different asset classes, including small-cap stocks, the TSX, and investment-grade bonds, indicate a trend of broadening market leadership. Investors are advised to maintain diversified portfolios in anticipation of this continuing into 2024.

Previous update:

The S&P 500 closed at its highest level since March 2022, reaching just below 4,600 after failing to cross that threshold earlier in the day. The Nasdaq Composite and Dow Jones Industrial Average posted gains of 0.6% and 0.8%, respectively, while the Russell 2000 experienced a significant 3.0% jump. In the early stages, market activity was lackluster, with major indices hovering near yesterday's closing levels. However, buying momentum increased in both the stock market and Treasuries simultaneously. The 2-year note yield fell by 14 basis points to 4.56%, and the 10-year note yield settled 13 basis points lower at 4.23%, partially in response to morning economic releases. Key economic data included an unchanged S&P Global U.S. Manufacturing PMI, the ISM Manufacturing Index showing continuing contraction at an unchanged pace from October, and a stronger-than-expected Construction Spending report for October. Federal Reserve Chair Powell's speech, while lacking surprises, led to increased probabilities of a rate cut in May according to the CME FedWatch Tool. Powell mentioned that it would be premature to conclude with confidence that a sufficiently restrictive stance has been achieved or to speculate on when policy might ease.

Market dynamics saw widespread upside, with a fear of missing out on further gains driving momentum during a seasonally strong period. Of the 30 Dow components, 23 recorded gains, and ten of the 11 S&P 500 sectors closed higher. The Invesco S&P 500 Equal Weight ETF (RSP) outperformed the market-cap weighted S&P 500, jumping 1.5% compared to the latter's 0.6% gain. Some mega-cap stocks led to relative weakness in the communication services (-0.2%) and information technology (+0.2%) sectors, while the real estate sector (+2.1%) experienced the largest gain. Examining the economic data for the day, the November S&P Global US Manufacturing PMI remained at 49.4, the ISM Manufacturing Index for November was 46.7% (below the consensus of 47.5%), and October Construction Spending surpassed expectations with a 0.6% growth. The manufacturing sector's overall strength showed little change, and the Production Index fell into contraction at 48.5% after a slight expansion in October. The positive growth in construction spending, particularly in manufacturing, is viewed as beneficial for the economy amidst vigilance for potential signs of sudden economic weakness. The S&P 500 is currently testing resistance at 4,600, adding to the factors influencing market sentiment.

In the latest market data, the United States stock indices showed positive movements. The Dow in the United States closed at 36,245.50, reflecting an increase of 294.61 points or 0.82%. Similarly, the S&P 500 recorded a value of 4,594.63, marking a rise of 26.83 points or 0.59%, while the NASDAQ closed at 14,305.03, showing a gain of 78.81 points or 0.55%. The VIX in the United States, an indicator of market volatility, settled at 12.63, experiencing a decrease of 0.29 points or 2.24%. The Russell 2000 index exhibited notable growth, closing at 1,862.64 with a substantial increase of 53.62 points or 2.96%. In Canada, the S&P/TSX Composite closed at 20,452.87, showing a positive movement of 216.58 points or 1.07%, while the S&P/TSX 60 recorded a value of 1,231.42, marking an increase of 11.88 points or 0.97%. In Brazil, the BOVESPA closed at 128,184.91, reflecting a gain of 853.79 points or 0.67%. Moving to Chile, the S&P IPSA index closed at 5,886.71, experiencing a positive movement of 68.20 points or 1.17%. In Mexico, the S&P/BMV IPC closed at 53,901.43, showing a slight decrease of 158.58 points or 0.29%.

In the European market, positive movements were observed across various indices. The STOXX Europe 50 in Europe closed at 4,019.73, marking an increase of 37.12 points or 0.93%. The STOXX Europe 600 recorded a value of 466.20, reflecting a positive movement of 4.59 points or 0.99%. In the United Kingdom, the FTSE 250 closed at 18,408.65, experiencing a gain of 175.18 points or 0.96%, while the FTSE 100 recorded a value of 7,529.35, showing an increase of 75.60 points or 1.01%. In Germany, the DAX closed at 16,397.52, reflecting a positive movement of 182.09 points or 1.12%. In Italy, the FTSE MIB closed at 29,928.45, showing a gain of 191.07 points or 0.64%. In France, the CAC 40 index closed at 7,346.15, marking an increase of 35.38 points or 0.48%. Finally, in Switzerland, the SMI closed at 10,887.36, reflecting a positive movement of 33.04 points or 0.30%.

In the latest market data, various Asian indices exhibited diverse movements. The Nikkei 225 in Japan closed at 33,431.51, showing a slight decrease of 55.38 points or 0.17%. In Hong Kong, the Hang Seng index closed at 16,830.30, experiencing a decline of 212.58 points or 1.25%. Conversely, the Shanghai Composite in China closed at 3,031.64, reflecting a minor increase of 1.96 points or 0.06%. Similarly, the Shenzhen Composite in China closed at 9,720.57, showing a slight decrease of 6.34 points or 0.07%. The S&P/ASX 200 in Australia closed at 7,073.20, marking a decrease of 14.10 points or 0.20%. In South Korea, the KOSPI index closed at 2,505.01, experiencing a decline of 30.28 points or 1.19%. The Taiwan SE index in Taiwan closed at 17,438.35, showing a minor increase of 4.50 points or 0.03%. Lastly, in India, the Bombay Sensex closed at 67,481.19, reflecting a gain of 492.75 points or 0.74%.

On the 1st of December, the BSE MidCap index closed at 34,586.76, indicating a 0.96% increase with a gain of 330.34 points. The index fluctuated between the day's high of 34,631.35 and the low of 34,378.64. Meanwhile, the BSE Sensex concluded at 67,481.19, showing a 0.74% increase and a gain of 492.75 points, with its high and low recorded at 67,564.33 and 67,149.07. In the SmallCap segment, the BSE SmallCap index reported a closing value of 40,565.96 on the same day, marking a 0.48% increase and a gain of 194.35 points. The high and low for this index were noted at 40,718.81 and 40,519.84, respectively. Simultaneously, the India VIX, representing market volatility, experienced a -2.42% decrease, closing at 12.3825, with the day's high and low at 12.7550 and 11.7775. Moving to NSE indices, the NIFTY Midcap 100 ended the day at 43,382.40, exhibiting a 1.10% increase and a gain of 473.50 points, fluctuating between the high of 43,469.30 and the low of 43,118.25. The NIFTY Smallcap 100 closed at 14,239.30, recording a 0.48% increase and a gain of 67.95 points, with its high and low reported at 14,305.10 and 14,223.20. Additionally, the Nifty smallcap 50 index concluded at 6,585.15, indicating a 0.70% increase and a gain of 45.65 points, with the high and low at 6,609.15 and 6,566.20. Among the broader market indices, the Nifty 100 closed at 20,339.45, reflecting a 0.69% increase and a gain of 138.45 points. The index moved between the high of 20,365.45 and the low of 20,263.10. The Nifty 200 recorded a closing value of 10,969.00, showing a 0.75% increase with a gain of 81.65 points, and fluctuated between the high of 10,983.90 and the low of 10,924.00. Additionally, the Nifty 50 concluded at 20,267.90, marking a 0.67% increase and a gain of 134.75 points, with its high and low reported at 20,291.55 and 20,183.70. In the international context, the Nifty 50 USD index experienced a 0.79% increase, closing at 8,431.14, with no significant fluctuations during the day. Meanwhile, the Nifty 50 Value 20 index ended at 10,829.90, showing a 0.89% increase and a gain of 96.00 points, fluctuating between the high of 10,844.65 and the low of 10,765.30. The broader Nifty 500 index concluded at 18,115.35, marking a 0.71% increase and a gain of 127.40 points, with the high and low at 18,141.65 and 18,053.15. Moving to the midcap segment, the Nifty Midcap 150 closed at 16,104.80, reflecting a 0.89% increase and a gain of 141.55 points, with the high and low reported at 16,127.95 and 16,034.75. Additionally, the Nifty Midcap 50 ended the day at 12,334.50, showing a 1.10% increase and a gain of 133.90 points, fluctuating between the high of 12,359.20 and the low of 12,265.45. In the category of Nifty Next 50, the index concluded at 48,486.40, marking a 0.97% increase and a gain of 466.00 points, with the high and low reported at 48,565.55 and 48,197.45. The Nifty Smallcap 250 recorded a closing value of 13,326.60, showing a 0.56% increase and a gain of 74.60 points, with the high and low at 13,381.20 and 13,309.45. Shifting to BSE indices, the S&P BSE ALLCAP closed at 8,340.43, reflecting a 0.66% increase and a gain of 54.94 points, with fluctuations between the high of 8,353.79 and the low of 8,315.71. The S&P BSE-100 concluded at 20,855.69, indicating a 0.66% increase and a gain of 136.98 points, with the high and low reported at 20,881.56 and 20,777.69. The S&P BSE-200 closed at 8,967.89, showing a 0.71% increase and a gain of 62.91 points, fluctuating between the high of 8,979.65 and the low of 8,933.85. Lastly, the S&P BSE-500 ended at 28,639.22, marking a 0.69% increase and a gain of 196.79 points, with the high and low at 28,681.71 and 28,542.41.

• For Tesla, Inc. (TSLA), the current price is 238.83, with a change of -1.25 and a percentage change of 0.52%, accompanied by a trading volume of 121 million shares and a 52-week range between 101.81 and 299.29.
• Pfizer Inc. (PFE) is priced at 28.91, showing a change of -1.56 and a percentage change of 5.12%, with a trading volume of 103 million shares and a 52-week range between 28.30 and 54.93.
• Altimmune, Inc. (ALT) has a price of 3.57, a change of +0.41, and a percentage change of 12.97%, with a trading volume of 101 million shares and a 52-week range between 2.09 and 17.17.
• SoFi Technologies Inc. (SOFI) is currently priced at 7.83, reflecting a change of +0.54 and a percentage change of 7.41%, with a trading volume of 69 million shares and a 52-week range between 4.24 and 11.70.
• For Ford Motor Company (F), the price is 10.58, with a change of +0.32 and a percentage change of 3.12%, along with a trading volume of 62 million shares and a 52-week range between 9.63 and 15.42.
• Palantir Technologies Inc. Class A (PLTR) is priced at 20.27, with a change of +0.22 and a percentage change of 1.10%, along with a trading volume of 61 million shares and a 52-week range between 5.92 and 21.85.
• Cleanspark, Inc. (CLSK) has a price of 7.64, a change of +1.40, and a percentage change of 22.44%, accompanied by a trading volume of 57 million shares and a 52-week range between 1.74 and 7.79.
• Marathon Digital Holdings Inc (MARA) is currently priced at 13.70, showing a change of +1.73 and a percentage change of 14.45%, along with a trading volume of 57 million shares and a 52-week range between 3.11 and 19.88.
• UiPath, Inc. Class A (PATH) has a price of 25.04, a change of +5.28, and a percentage change of 26.72%, with a trading volume of 53 million shares and a 52-week range between 10.98 and 25.47.
• Finally, American Airlines Group Inc. (AAL) is priced at 13.02, with a change of +0.59 and a percentage change of 4.75%, accompanied by a trading volume of 49 million shares and a 52-week range between 10.86 and 19.08.
• For Garden Stage Ltd. (GSIW), the current price is 10.20, with a change of +6.20 and a percentage change of 155.00%, accompanied by a trading volume of 5 million shares and a 52-week range between 4.20 and 11.70.
• NexImmune, Inc. (NEXI) is priced at 6.05, reflecting a change of +3.57 and a percentage change of 143.95%, with a trading volume of 15 million shares and a 52-week range between 1.25 and 20.35.
• Elastic NV (ESTC) has a price of 110.20, a change of +29.84, and a percentage change of 37.13%, along with a trading volume of 12 million shares and a 52-week range between 46.18 and 111.75.
• For Coya Therapeutics, Inc. (COYA), the price is 6.92, with a change of +1.59 and a percentage change of 29.83%, along with a trading volume of 158,000 shares and a 52-week range between 3.21 and 8.00.
• Intensity Therapeutics, Inc. (INTS) is currently priced at 3.15, showing a change of +0.70 and a percentage change of 28.55%, with a trading volume of 22,000 shares and a 52-week range between 2.01 and 6.75.
• Kirkland's, Inc. (KIRK) has a price of 3.11, a change of +0.66, and a percentage change of 26.94%, accompanied by a trading volume of 590,000 shares and a 52-week range between 1.40 and 4.87.
• UiPath, Inc. Class A (PATH) is priced at 25.04, with a change of +5.28 and a percentage change of 26.72%, along with a trading volume of 53 million shares and a 52-week range between 10.98 and 25.47.
• Immuneering Corp. Class A (IMRX) has a price of 8.27, a change of +1.71, and a percentage change of 26.07%, with a trading volume of 75,000 shares and a 52-week range between 3.70 and 14.29.
• For Samsara, Inc. Class A (IOT), the price is 34.59, reflecting a change of +7.05 and a percentage change of 25.60%, along with a trading volume of 17 million shares and a 52-week range between 9.45 and 34.74.
• XBP Europe Holdings Inc. (XBP) is currently priced at 23.85, showing a change of +4.85 and a percentage change of 25.53%, with a trading volume of 110,000 shares and a 52-week range between 9.85 and 37.99.
• For Ampio Pharmaceuticals, Inc. (AMPE), the current price is 3.22, with a change of -2.54 and a percentage change of 44.10%, accompanied by a trading volume of 883,000 shares and a 52-week range between 1.86 and 8.37.
• Smart for Life, Inc. (SMFL) is priced at 1.36, reflecting a change of -1.05 and a percentage change of 43.57%, with a trading volume of 1 million shares and a 52-week range between 1.34 and 189.00.
• Incannex Healthcare Inc. (IXHL) has a price of 5.23, a change of -2.76, and a percentage change of 34.54%, along with a trading volume of 160,000 shares and a 52-week range between 1.96 and 17.40.
• For Minim, Inc. (MINM), the price is 3.19, with a change of -1.29 and a percentage change of 28.79%, accompanied by a trading volume of 3 million shares and a 52-week range between 0.60 and 14.00.
• PROOF Acquisition Corp. I Class A (PACI) is currently priced at 14.50, showing a change of -5.50 and a percentage change of 27.50%, with a trading volume of 35,000 shares and a 52-week range between 9.94 and 35.00.
• Marpai, Inc. Class A (MRAI) has a price of 1.50, a change of -0.56, and a percentage change of 27.18%, along with a trading volume of 802,000 shares and a 52-week range between 0.33 and 13.60.
• Cardio Diagnostics Holdings Inc. (CDIO) is priced at 1.55, with a change of -0.49 and a percentage change of 24.02%, along with a trading volume of 3 million shares and a 52-week range between 0.17 and 8.50.
• For Worthington Steel, Inc. (WS), the price is 22.20, reflecting a change of -5.30 and a percentage change of 19.27%, with a trading volume of 1 million shares and a 52-week range between 22.20 and 24.99.
• Vivos Therapeutics, Inc. (VVOS) is currently priced at 19.90, showing a change of -4.60 and a percentage change of 18.78%, with a trading volume of 2 million shares and a 52-week range between 2.73 and 74.05.
• Royalty Management Holding Corporation Class A (RMCO) has a price of 3.20, a change of -0.73, and a percentage change of 18.59%, with a trading volume of 51,000 shares and a 52-week range between 3.00 and 22.97.

In the cryptocurrency market, the Nasdaq Crypto Index closed at 2,145.97, registering a positive change of 61.79 points or 2.96%. Bitcoin, a leading cryptocurrency, concluded at 38,893.00, reflecting an increase of 1,158.00 points or 3.07%. Ether, another prominent cryptocurrency, reached 2,094.90, with a positive change of 40.60 points or 1.98%. Litecoin experienced a gain of 2.14 points or 3.08%, closing at 71.61. XRP, a digital currency, closed at 0.61 with a positive change of 0.01 points or 1.11%.

In the currency market, the Euro to US Dollar exchange rate stood at 1.0878, with a negligible change of -0.08%. The British Pound to US Dollar exchange rate was 1.2706, displaying a positive change of 0.01 points or +0.66%. The US Dollar to Canadian Dollar exchange rate closed at 1.3496, with a decrease of -0.01 points or -0.48%. Similarly, the US Dollar to Swiss Franc exchange rate was 0.8693, showing a decrease of -0.01 points or -0.63%. The US Dollar to Japanese Yen exchange rate concluded at 146.8425, with a decrease of -1.33 points or -0.90%.

In the bond market, the yield and yield changes for various Treasury securities are as follows: The 3-month Treasury yield stands at 5.223%, experiencing a decrease of 0.017%. The 2-year Treasury yield is at 4.547%, showing a decline of 0.158%. For the 5-year Treasury, the yield is 4.141%, reflecting a decrease of 0.138%. The 10-year Treasury has a yield of 4.209%, with a decrease of 0.147%. Lastly, the 30-year Treasury yield is 4.389%, indicating a decrease of 0.121%.

In the latest market data, several commodity indices and energy prices exhibited notable changes. The Bloomberg Commodity Index (BCOMTR) closed at 231.96, showing a decline of 0.73 points or 0.32% from its previous level. The UBS Bloomberg CMCI (CMCITR) recorded a value of 1,520.01, reflecting a decrease of 5.45 points or 0.36%. The Reuters/Jefferies CRB Index (CRYTR) experienced a more significant drop, closing at 308.07, down by 3.22 points or 1.03%. Conversely, the Rogers International Commodity Index (RICIGLTR) rose slightly to 3,732.96, marking a gain of 10.05 points or 0.27%. The S&P GSCI Index (SPGSCITR) concluded at 3,461.11, registering a decline of 46.85 points or 1.34% on the 30th.

Turning to energy prices, WTI Crude Oil (CL1:COM) on Nymex was priced at USD 74.32 per barrel, exhibiting a decrease of 1.64 points or 2.16%. Brent Crude (CO1:COM) on ICE recorded a value of USD 79.10 per barrel, down by 1.76 points or 2.18%. RBOB Gasoline (XB1:COM) on Nymex showed a decrease of 4.63 points or 2.13%, closing at 212.95 USd/gal. Natural Gas (NG1:COM) on Nymex settled at USD 2.77 per MMBtu, reflecting a decrease of 0.03 points or 1.07%. Heating Oil (HO1:COM) on Nymex experienced a notable decline of 8.56 points or 3.11%, closing at 266.86 USd/gal.

In the precious and industrial metals category, Gold (GC1:COM) on Comex reached USD 2,091.00 per t oz., indicating an increase of 33.80 points or 1.64%. Silver (SI1:COM) on Comex closed at 25.88 USD/t oz., showing a rise of 0.22 points or 0.84%. Copper (HG1:COM) on Comex recorded a value of 391.75 USd/lb., reflecting a gain of 6.70 points or 1.74%. Platinum Spot (XPTUSD:CUR) closed at USD 937.18 per t oz., marking an increase of 7.65 points or 0.82%.

In the agriculture sector, Corn (C 1:COM) on CBOT was priced at 484.00 USd/bu., showing a rise of 1.25 points or 0.26%. Wheat (W 1:COM) on CBOT closed at 601.75 USd/bu., indicating an increase of 3.75 points or 0.63%. Cocoa (CC1:COM) on ICE experienced a decrease of 76.00 points or 1.78%, closing at USD 4,201.00 per MT. Cotton #2 (CT1:COM) on ICE showed a decline of 0.64 points or 0.80%, concluding at 79.42 USd/lb. Live Cattle (LC1:COM) on CME closed at 169.00 USd/lb., marking a decrease of 2.82 points or 1.64%.

• Market Digestion and Seasonal Trends: Given the historically strong performance of global equities in November, with notable gains in both stocks and bonds, it is likely that markets could experience a period of digestion to assimilate the significant upward movement. While U.S. markets led the rebound, with the S&P 500 gaining 9%, the pause in early December could be a result of investors reassessing their positions. Seasonal trends, particularly the historical strength of December for stocks, might act as a tailwind, potentially supporting the market despite the current slight dip.
• ISM PMI Data Impact: The focus on ISM PMI data for November will be crucial in determining whether manufacturing activity rebounded after an unexpected drop in the previous month. If the data indicates a recovery, it could bolster confidence in the resilience of the economy. On the other hand, another contraction might lead to concerns about the economic recovery's pace. Investors are likely to closely monitor Powell's comments, as any insights he provides could influence market sentiment.
• Fed Policy Outlook: The report suggests that expectations for an end to the Fed's tightening campaign have been a key driver of the November rally. However, there are questions about whether the market's anticipation of U.S. rate cuts next year is premature. The prediction posits that the Fed will likely exercise caution, signaling an extended pause and maintaining the fed funds rate at 5.25%–5.5% in the first half of the year. The outlook points to potential interest-rate cuts in the latter part of 2024, influenced by factors such as easing inflation pressures, a cooling labor market, and a slowdown in growth.
• Oil Price Volatility: The mention of OPEC+ agreeing on additional voluntary production cuts to support oil prices, without an official quota reduction, has led to a 2.4% drop in WTI. The volatility in oil prices and the decisions made by major oil-producing nations will likely continue to impact financial markets, particularly energy stocks, and could be a factor to watch in the coming days.