Daily global market review

The day's trading session began on a largely positive note, with notable buying activity early on, particularly in the mega-cap space. Despite relative weakness in mega-cap stocks affecting index performance, the market-cap weighted S&P 500 reached a 0.5% high before closing with a 0.4% loss. Conversely, the Invesco S&P 500 Equal Weight ETF (RSP) experienced a more significant rise, reaching a 0.9% high but closing nearly unchanged from the previous day.

In the afternoon, several stocks saw a downturn without a specific catalyst, but the overall market held up relatively well, considering the recent rapid climb. At its peak, the equal-weighted S&P 500 showed a 13% increase from its October 27 low. The Russell 2000, which initially rose by as much as 1.8%, ended the day with a 0.2% decline.

Early in the trading session, advancers outnumbered decliners at the NYSE with a more than 3-to-1 lead, but by the close, decliners took a narrow 11-to-10 lead. Only three S&P 500 sectors recorded gains, led by utilities (+1.4%), industrials (+0.5%), and health care (+0.1%), while the energy sector (-1.6%) experienced the most substantial decline, influenced by a sharp drop in oil prices, with WTI crude settling below $70.00/bbl at $69.37/bbl.

The early upside moves were driven by a tendency to buy on weakness following the previous day's losses, supported by a drop in the 10-year yield in response to morning economic data. The 10-year note yield fell five basis points to 4.12%, while the 2-year note yield climbed five basis points to 4.61%.

In economic reports, the ADP Employment Change Report for November showed 103,000 jobs added to private-sector payrolls, the Q3 Productivity was upwardly revised to 5.2%, and unit labor costs were downwardly revised to a 1.2% decline. The October trade deficit widened to $64.3 billion. The data reflected a connection between rising productivity, falling unit labor costs, and different paths taken by exports and imports, emphasizing weaker global activity compared to the U.S.

The market indices closed with the Nasdaq Composite up 35.2%, S&P 500 up 18.5%, Dow Jones Industrial Average up 8.8%, S&P Midcap 400 up 7.2%, and Russell 2000 up 5.2%.

The key takeaway from the economic report is the alignment of rising productivity and falling unit labor costs, favorable for the Fed's objectives and indicative of continued positive movements in interest rates for the market. The contrasting paths of exports and imports underscore weaker global activity compared to the U.S.

The session saw an industry watch with strong performance in industrials, utilities, and health care, while energy, consumer staples, information technology, financials, and communication services witnessed weakness. The market's reactions were influenced by today's economic data, contributing to slight declines in Treasury yields and losses in mega-cap stocks, prompting the notion that stocks are due for some consolidation.

In the stock markets, the Dow in the United States closed at 36,054.43, experiencing a marginal decrease of 70.13 points or 0.19%. The S&P 500 also saw a modest decline, closing at 4,549.34 with a change of -17.84 points or 0.39%. The NASDAQ recorded a 0.58% decrease, ending the session at 14,146.71 with a change of -83.20 points. The VIX, measuring market volatility, increased by 0.12 points or 0.93%, closing at 12.97. The Russell 2000 showed a slight decline of 0.21%, closing at 1,852.05 with a change of -3.99 points. In Canada, the S&P/TSX Composite experienced a 0.50% decrease, closing at 20,274.21 with a change of -101.72 points, while the S&P/TSX 60 recorded a 0.61% decrease, closing at 1,223.34 with a change of -7.46 points. In Brazil, the BOVESPA index closed at 125,622.65, showing a 1.01% decrease with a change of -1,280.60 points. In Chile, the S&P IPSA index increased by 0.25%, closing at 5,920.01 with a change of +14.70 points. Meanwhile, in Mexico, the S&P/BMV IPC index recorded a minimal 0.04% decrease, closing at 54,100.37 with a change of -20.54 points.

Moving on to European markets, the STOXX Europe 50 showed a 0.19% increase, closing at 4,042.30 with a change of +7.81 points. The STOXX Europe 600 recorded a 0.52% increase, closing at 470.06 with a change of +2.44 points. In the United Kingdom, the FTSE 250 and FTSE 100 indices closed at 18,666.73 and 7,515.38, respectively. In Germany, the DAX index experienced a 0.75% increase, closing at 16,656.44 with a change of +123.33 points. The FTSE MIB in Italy and the CAC 40 in France remained unchanged, closing at 30,326.29 and 7,435.99, respectively. The SMI in Switzerland recorded a 0.34% increase, closing at 11,001.62 with a change of +36.81 points.

In the Asian markets, the Nikkei 225 in Japan remained unchanged at 33,445.90. The Hang Seng in Hong Kong recorded a 0.83% increase, closing at 16,463.26 with a change of +135.40 points. The Shanghai Composite in China showed a slight 0.11% decrease, closing at 2,968.93 with a change of -3.36 points. The Shenzhen Composite in China recorded a 0.66% increase, closing at 9,533.25 with a change of +62.89 points. In Australia, the S&P/ASX 200 remained unchanged at 7,178.40. The KOSPI in South Korea recorded a 0.04% increase, closing at 2,495.38 with a change of +1.10 points. The Taiwan SE in Taiwan showed a 0.19% increase, closing at 17,360.72 with a change of +32.71 points. In India, the Bombay Sensex recorded a 0.52% increase, closing at 69,653.73 with a change of +357.59 points.

As of December 6th, the BSE MidCap index closed at 35,115.78, marking a slight increase of 0.19% and a gain of 66.51 points. Throughout the day, the index witnessed fluctuations, reaching a high of 35,245.77 and a low of 34,945.01. Simultaneously, the BSE Sensex reported a closing value of 69,653.73, reflecting a 0.52% increase and a gain of 357.59 points. The high and low for the BSE Sensex were recorded at 69,744.62 and 69,395.01.

In the SmallCap category, the BSE SmallCap index concluded at 41,174.45, depicting a marginal 0.18% increase and a gain of 75.24 points. The index observed fluctuations between the high of 41,287.71 and the low of 41,029.89. The India VIX, representing market volatility, experienced a 2.10% increase, closing at 13.7400, with the high and low reported at 14.0875 and 12.6875.

Transitioning to NSE indices, the NIFTY Midcap 100 index concluded at 44,232.45, showing a 0.25% increase and a gain of 109.55 points. The index fluctuated between the high of 44,434.75 and the low of 43,989.25. Similarly, the NIFTY Smallcap 100 closed at 14,507.90, marking a 0.38% increase with a gain of 54.35 points, and the high and low were noted at 14,523.75 and 14,414.50. Additionally, the Nifty smallcap 50 index recorded a closing value of 6,743.60, indicating a 0.40% increase and a gain of 27.10 points, with the high and low reported at 6,751.80 and 6,688.45.

Among the broader market indices, the Nifty 100 exhibited a moderate performance, closing at 21,074.15, reflecting a 0.60% increase and a gain of 124.90 points. The index moved between the high of 21,093.00 and the low of 20,978.10. The Nifty 200 recorded a closing value of 11,337.20, showing a 0.54% increase with a gain of 61.25 points, and fluctuated between the high of 11,347.35 and the low of 11,283.95. Additionally, the Nifty 50 concluded at 20,937.70, marking a 0.40% increase and a gain of 82.60 points, with the high and low reported at 20,961.95 and 20,852.15.

In the international context, the Nifty 50 USD index experienced a 0.46% increase, closing at 8,706.37, with no significant fluctuations during the day. Meanwhile, the Nifty 50 Value 20 index ended at 11,057.95, showing a 0.94% increase and a gain of 102.55 points, fluctuating between the high of 11,068.70 and the low of 10,970.50.

The broader Nifty 500 index concluded at 18,680.00, marking a 0.49% increase and a gain of 91.45 points, with the high and low at 18,698.80 and 18,594.40. Moving to the midcap segment, the Nifty Midcap 150 closed at 16,389.05, reflecting a 0.15% increase and a gain of 24.95 points, with the high and low reported at 16,460.00 and 16,308.25. Additionally, the Nifty Midcap 50 ended the day at 12,549.40, showing a 0.33% increase and a gain of 41.35 points, fluctuating between the high of 12,600.80 and the low of 12,486.75.

In the category of Nifty Next 50, the index concluded at 50,517.35, marking a 1.16% increase and a gain of 580.00 points, with the high and low reported at 50,621.80 and 50,184.35. The Nifty Smallcap 250 recorded a closing value of 13,545.40, showing a 0.27% increase and a gain of 36.35 points, with the high and low at 13,567.15 and 13,487.60.

Shifting to BSE indices, the S&P BSE ALLCAP closed at 8,593.63, reflecting a 0.48% increase and a gain of 40.92 points, with fluctuations between the high of 8,605.16 and the low of 8,557.05. The S&P BSE-100 concluded at 21,531.10, indicating a 0.42% increase and a gain of 90.04 points, with the high and low reported at 21,556.46 and 21,446.26. The S&P BSE-200 closed at 9,268.37, showing a 0.54% increase and a gain of 49.80 points, fluctuating between the high of 9,279.01 and the low of 9,227.70. Lastly, the S&P BSE-500 ended at 29,540.16, marking a 0.50% increase and a gain of 146.27 points, with the high and low at 29,574.32 and 29,411.70.

• Tesla, Inc. (TSLA) is priced at $239.37 with a positive change of $0.65 (0.27%), a trading volume of 126 million shares, and a 52-week range of $101.81 to $299.29.
• NIO Inc. (NIO) trades at $7.75, showing a gain of $0.32 (4.31%), with a volume of 118 million shares, and a 52-week range of $7.00 to $16.18.
• Palantir Technologies Inc. Class A (PLTR) is currently valued at $17.13, experiencing a decrease of $1.17 (6.39%), accompanied by a trading volume of 96 million shares and a 52-week range of $5.92 to $21.85.
• Sera Prognostics, Inc. Class A (SERA) has a price of $5.49, demonstrating a substantial increase of $3.39 (161.43%), with a volume of 79 million shares and a 52-week range of $1.10 to $9.86.
• MicroAlgo, Inc. (MLGO) is valued at $9.58, marking a notable rise of $7.16 (295.87%), a volume of 78 million shares, and a 52-week range of $1.12 to $71.50.
• Advanced Micro Devices, Inc. (AMD) has a current price of $116.82, experiencing a decrease of $1.56 (1.32%), with a volume of 60 million shares and a 52-week range of $60.05 to $132.83.
• Rivian Automotive, Inc. Class A (RIVN) is priced at $18.38, showing a positive change of $0.97 (5.57%), a volume of 59 million shares, and a 52-week range of $11.68 to $29.54.
• Marathon Digital Holdings Inc (MARA) trades at $15.54, with a gain of $0.26 (1.70%), a volume of 56 million shares, and a 52-week range of $3.11 to $19.88.
• Altimmune, Inc. (ALT) is valued at $6.88, experiencing an increase of $1.71 (33.08%), with a volume of 55 million shares and a 52-week range of $2.09 to $17.17.
• American Airlines Group Inc. (AAL) is currently priced at $13.48, showing a positive change of $0.35 (2.67%), with a trading volume of 51 million shares and a 52-week range of $10.86 to $19.08.
• MLGO (MicroAlgo, Inc.) is currently valued at $9.58, showing a significant increase of $7.16 (295.87%), with a trading volume of 78 million shares and a 52-week range of $1.12 to $71.50.
• SERA (Sera Prognostics, Inc. Class A) has a price of $5.49, demonstrating a substantial increase of $3.39 (161.43%), with a volume of 79 million shares and a 52-week range of $1.10 to $9.86.
• PAPL (Pineapple Financial, Inc.) trades at $3.31, with a gain of $1.00 (43.29%), a volume of 1 million shares, and a 52-week range of $1.28 to $4.25.
• SYRS (Syros Pharmaceuticals, Inc.) is priced at $4.02, showing a positive change of $1.20 (42.55%), a volume of 4 million shares, and a 52-week range of $2.09 to $5.67.
• CHSN (Chanson International Holding Class A) has a current price of $6.36, experiencing an increase of $1.60 (33.61%), with a volume of 6 million shares and a 52-week range of $1.04 to $6.50.
• ALT (Altimmune, Inc.) is valued at $6.88, marking an increase of $1.71 (33.08%), with a volume of 55 million shares and a 52-week range of $2.09 to $17.17.
• ARVN (Arvinas, Inc.) is currently priced at $30.30, showing a positive change of $7.13 (30.77%), with a trading volume of 3 million shares and a 52-week range of $13.57 to $39.58.
• BRLI (Brilliant Acquisition Corporation) trades at $11.25, with a gain of $2.43 (27.55%), a volume of 165,000 shares, and a 52-week range of $7.25 to $15.38.
• CANO (Cano Health, Inc. Class A) is priced at $11.71, showing a positive change of $2.25 (23.78%), with a trading volume of 776,000 shares and a 52-week range of $5.27 to $211.00.
• GSIW (Garden Stage Ltd.) has a current price of $8.91, experiencing an increase of $1.69 (23.41%), with a volume of 401,000 shares and a 52-week range of $4.20 to $11.70.
• WBUY (Webuy Global Ltd.) is currently valued at $2.33, reflecting a decrease of $3.62 (60.84%), with a trading volume of 11 million shares and a 52-week range of $2.10 to $14.30.
• PACI (Volato Group, Inc. Class A) trades at $7.13, experiencing a decrease of $2.87 (28.70%), with a volume of 395,000 shares and a 52-week range of $7.04 to $35.00.
• SOAR (Volato Group, Inc. Class A) has a current price of $7.13, showing a decrease of $2.87 (28.70%), with a trading volume of 395,000 shares and a 52-week range of $7.04 to $35.00.
• MIRA (MIRA Pharmaceuticals, Inc.) is priced at $2.09, reflecting a decrease of $0.83 (28.46%), with a volume of 327,000 shares and a 52-week range of $1.33 to $7.98.
• XBP (XBP Europe Holdings Inc.) is valued at $26.88, marking a decrease of $8.93 (24.94%), with a trading volume of 97,000 shares and a 52-week range of $9.85 to $47.40.
• SHOT (Safety Shot, Inc.) trades at $3.60, showing a decrease of $1.16 (24.37%), with a volume of 11 million shares and a 52-week range of $0.26 to $7.50.
• IXHL (Incannex Healthcare Inc.) has a current price of $6.77, experiencing a decrease of $1.96 (22.45%), with a trading volume of 447,000 shares and a 52-week range of $1.96 to $15.28.
• YEXT (Yext, Inc.) is currently priced at $5.53, reflecting a decrease of $1.48 (21.11%), with a trading volume of 7 million shares and a 52-week range of $5.37 to $14.35.
• ASAN (Asana, Inc. Class A) trades at $19.42, showing a decrease of $3.89 (16.69%), with a volume of 13 million shares and a 52-week range of $11.32 to $26.27.
• FEAM (5E Advanced Materials, Inc.) is priced at $1.67, marking a decrease of $0.33 (16.50%), with a trading volume of 340,000 shares and a 52-week range of $1.59 to $12.04.

The latest data in the crypto market, as of December 6 at 5:23:30 PM ET, indicates mixed movements. The Nasdaq Crypto Index experienced a 0.72% increase, standing at 2,386.31, while individual cryptocurrencies showed varied changes. Bitcoin saw a 0.47% decrease at $43,913.00, Ether declined by 1.77% to $2,254.00, Litecoin dropped by 1.43% to $73.22, and XRP exhibited a positive trend with a 2.69% increase, reaching $0.64.

In the currency market, rates as of the same timestamp showed minor adjustments. The Euro to US Dollar exchange rate was at 1.0766, reflecting a minimal 0.01% decrease. The British Pound to US Dollar rate increased marginally by 0.04% to 1.2565, while the US Dollar to Canadian Dollar rate showed a 0.01% rise to 1.3593. The US Dollar to Swiss Franc rate closed at 0.8748, and the US Dollar to Japanese Yen rate exhibited a negligible change at 147.2170.

Shifting to the bond market, yield changes were noted across various treasury durations. The 3 Month Treasury yield increased to 5.232%, marking a 0.017 change. The 2 Year Treasury yield rose to 4.595%, up by 0.016, while the 5 Year Treasury yield decreased by 0.040 to 4.111%. The 10 Year Treasury yield experienced a larger decrease of 0.080, reaching 4.107%, and the 30 Year Treasury yield saw a notable decline of 0.091 to 4.213%.

The latest commodity market data reveals notable changes in various indices and energy prices. The Bloomberg Commodity Index (BCOMTR) experienced a decline of 2.02%, with a value of 223.16, while the UBS Bloomberg CMCI (CMCITR) dropped by 1.94% to 1,467.60. The Reuters/Jefferies CRB (CRYTR) saw a significant decrease of 2.49%, reaching 295.64. Additionally, the Rogers International (RICIGLTR) index exhibited a 2.11% decline, settling at 3,559.64. On the other hand, the S&P GSCI (SPGSCITR) showed a marginal dip of 0.57%, recording a value of 3,364.75 as of December 5, 2023.

Moving to energy prices, WTI Crude Oil (CL1:COM) experienced a substantial decrease of 4.07%, with a closing price of 69.38 USD/bbl. Brent Crude (CO1:COM) also dropped by 3.74%, reaching 74.31 USD/bbl. RBOB Gasoline (XB1:COM) and Natural Gas (NG1:COM) witnessed declines of 3.80% (203.02 USd/gal.) and 5.20% (2.57 USD/MMBtu) respectively, while Heating Oil (HO1:COM) showed a 2.46% decrease, closing at 257.62 USd/gal.

In the realm of precious and industrial metals, Gold (GC1:COM) marked a modest increase of 0.57%, reaching 2,047.90 USD/t oz. Silver (SI1:COM) and Copper (HG1:COM) experienced declines of 1.30% (24.23 USD/t oz.) and 1.31% (373.45 USd/lb.) respectively. Platinum Spot (XPTUSD:CUR) recorded a 1.20% decrease, settling at 892.27 USD/t oz.

In the agriculture sector, Corn (C 1:COM) exhibited a 1.27% decline, with a price of 484.25 USd/bu. Conversely, Wheat (W 1:COM) displayed a marginal increase of 0.36%, closing at 633.50 USd/bu. Cocoa (CC1:COM) rose by 0.49%, reaching 4,126.00 USD/MT. Cotton #2 (CT1:COM) and Live Cattle (LC1:COM) experienced slight changes of 0.09% (79.75 USd/lb.) and a notable decline of 3.21% (163.55 USd/lb.) respectively.

Tomorrow's economic calendar includes several key data releases. At 7:30 AM EST, the Challenger Job-Cut Report, with a low impact level, is expected to provide insights into job cuts. The subsequent release at 8:30 AM EST is the Jobless Claims report, a high-impact event that encompasses Initial Claims - Change, 4-Week Moving Average, and Initial Claims - Level. At 10:00 AM EST, the Wholesale Inventories (Preliminary) data will be disclosed, featuring a low-impact Month-over-Month figure. The 10:30 AM EST release of the EIA Natural Gas Report, with a medium impact, is anticipated to reveal a storage change. Lastly, at 3:00 PM EST, the Consumer Credit report, with a low impact, is expected to show a Month-over-Month change. These data points provide valuable insights into the labor market, wholesale inventories, natural gas trends, and consumer credit dynamics.

• Market Response to Soft Jobs Report: The softer-than-expected U.S. ADP private-payrolls report for November is likely to have an immediate impact on both the U.S. and Canadian stock markets. The modestly lower performance on Wednesday indicates that investors are sensitive to employment data, viewing it as a factor that could influence the Federal Reserve's monetary policy decisions.
• Federal Reserve's Rate-Hiking Outlook: The data reinforces the message that the Federal Reserve may halt its rate-hiking campaign, given the cooling trend in the labor market. The lower-than-expected increase in private-sector employment and the slowdown in wage gains support the notion of a gradual moderation in the labor market, which could prompt the Fed to pause its rate hikes. Investors are likely to closely watch the upcoming U.S. nonfarm payrolls report on Friday for further insights into the job market's health and its potential impact on the Fed's decisions.
• Impact on Treasury Yields: The decline in U.S. Treasury yields, with the 10-year yield at 4.11%, well below recent highs, suggests that investors are seeking safer assets amid economic uncertainties. Lower yields are likely to contribute to better stock and bond market returns, reflecting a flight to safety and a potential preference for fixed-income assets.
• Oil Prices and Economic Indicators: The fall in WTI crude oil below $70 for the first time since June indicates a potential softening in global demand or oversupply concerns. Lower oil prices may reflect economic uncertainties and impact energy-related stocks. The movement in oil prices can serve as an economic indicator, and investors may monitor these trends to gauge economic conditions.
• Central Bank Meetings: The focus on central-bank meetings, including the Bank of Canada's decision to keep interest rates steady, suggests that central banks are closely monitoring economic indicators. The Bank of Canada's readiness to consider additional rate hikes if inflation reemerges reflects a cautious approach. The upcoming Federal Reserve meeting on December 13 is anticipated to maintain interest rates but could leave room for additional hikes if necessary. The prediction includes the expectation that the Fed will emphasize the premature nature of discussing rate cuts due to lingering inflation concerns but may consider rate cuts in the latter half of 2024 if inflation continues to moderate and the economy cools. Investors should closely follow central bank communications for insights into monetary policy decisions and their implications for financial markets.

Previous update:

In today's trading session, a prevailing negative bias shaped market dynamics as decliners outnumbered advancers by a significant margin of 7-to-3 on the New York Stock Exchange (NYSE), leading to a noteworthy 0.9% decline in the equal-weighted S&P 500. Notably, mega-cap stocks emerged as a stabilizing force for the major indices, experiencing support from safe-haven buying activity. The market landscape saw the Nasdaq Composite closing with a modest gain of 0.3%, while the S&P 500 registered a slight decline of 0.1%, and the Dow Jones Industrial Average exhibited a 0.2% decrease.

Market participants directed their attention towards mega-cap stocks amid renewed concerns regarding global economic growth, a trend that subsequently triggered a decrease in Treasury yields. Specifically, the 2-year note yield observed a decline of nine basis points, settling at 4.56%, while the 10-year note yield experienced a notable 10 basis points reduction, reaching 4.18%. The catalysts for these market movements included a Moody's downgrade of China's credit outlook to Negative from Stable. This downgrade was influenced, in part, by apprehensions about structurally weaker growth prospects. Additionally, concerns heightened due to the October Job Openings and Labor Turnover Survey (JOLTS) report, revealing the lowest number of job openings (8.733 million) since March 2021.

Despite a marginal increase in the Institute for Supply Management (ISM) Non-Manufacturing Index for November, signifying a reading of 52.7% compared to the previous 51.8%, market retreat was observed across various sectors. Notably, eight out of the 11 S&P 500 sectors recorded declines. In a manifestation of growth concerns, small-cap stocks underperformed their larger counterparts, with the Russell 2000 closing with a notable 1.4% decline.

Reviewing the day's economic data, the S&P Global US Services Purchasing Managers' Index (PMI) for November concluded at a final reading of 50.8, slightly surpassing the prior month's 50.6. Moreover, the October JOLTS report indicated a total of 8.773 million job openings, revealing a revision from the previous figure of 9.350 million.

Amid these market dynamics, the 10-year Treasury note experienced a notable increase of +28/32, resulting in a yield of 4.18%. The NYSE witnessed 843 advancing issues and 1945 declining issues, with a trading volume of 910 million. Meanwhile, the Nasdaq reported 1432 advancing issues, 2846 declining issues, and a substantial trading volume of 6.2 billion.

In terms of industry performance, notable strength was observed in Information Technology, Consumer Discretionary, and Communication Services. Conversely, weakness was evident in Energy, Materials, Utilities, Financials, Real Estate, and Industrials. The market was influenced by key factors, including China's credit outlook downgrade, the decline in Treasury yields, a rebound in mega-cap stocks, and reactions to the morning's economic data.

In the United States, stock indices experienced varied movements. The Dow registered a price of 36,124.56, reflecting a slight decline of 0.22%, with a change of -79.88. The S&P 500 showed a marginal decrease of 0.06%, with a price of 4,567.18 and a change of -2.60. Conversely, the NASDAQ exhibited a positive trend, gaining 0.31% and reaching a price of 14,229.91, accompanied by a change of +44.42. The VIX, indicating market volatility, recorded a decrease of 1.76%, with a price of 12.85 and a change of -0.23. The Russell 2000, representing small-cap stocks, saw a decline of 1.38%, with a price of 1,856.04 and a change of -25.98. In Canada, both the S&P/TSX Composite and S&P/TSX 60 experienced marginal changes of 0.17% and 0.02%, respectively.

Moving to South America, Brazil's BOVESPA showed a slight increase of 0.08%, with a price of 126,903.25 and a change of +100.46. In Chile, the S&P IPSA surged by 1.41%, reaching a price of 5,905.31, accompanied by a change of +81.95. Meanwhile, in Mexico, the S&P/BMV IPC displayed a minor increase of 0.12%, with a price of 54,120.91 and a change of +67.28.

In Europe, indices reflected diverse movements. The STOXX Europe 50 increased by 0.37%, with a price of 4,034.49 and a change of +15.04. The STOXX Europe 600 rose by 0.40%, recording a price of 467.62 and a change of +1.84. In the United Kingdom, the FTSE 250 and FTSE 100 exhibited changes of 0.69% and 0.31%, respectively. The FTSE 250 reached a price of 18,487.53, with a change of +126.28, while the FTSE 100 showed a price of 7,489.84, accompanied by a change of -23.12. Germany's DAX increased by 0.78%, reaching a price of 16,533.11, with a change of +128.35. Italy's FTSE MIB and France's CAC 40 saw changes of 0.56% and 0.74%, respectively. The FTSE MIB recorded a price of 30,082.88, with a change of +168.79, while the CAC 40 showed a price of 7,386.99, accompanied by a change of +54.40. Switzerland's SMI experienced a minor change of 0.11%, with a price of 10,964.81 and a change of +12.37.

In Asia, the Nikkei 225 recorded a price of 32,775.82, while the S&P/ASX 200 reached 7,061.60. However, other Asian markets faced declines. The Hang Seng in Hong Kong dropped by 1.91%, with a price of 16,327.86 and a change of -318.19. China's Shanghai Composite and Shenzhen Composite decreased by 1.67% and 1.97%, respectively. The Shanghai Composite recorded a price of 2,972.30, with a change of -50.62, while the Shenzhen Composite reached 9,470.36, accompanied by a change of -190.08. South Korea's KOSPI showed a decrease of 0.82%, with a price of 2,494.28 and a change of -20.67. Taiwan's Taiwan SE experienced a decline of 0.54%, reaching a price of 17,328.01, with a change of -93.47. Lastly, India's Bombay Sensex exhibited a positive trend, rising by 0.63%, with a price of 69,296.14 and a change of +431.02. These global market movements indicate a dynamic and diverse landscape with various factors influencing each region's indices.

On the 5th of December, the BSE MidCap index concluded at 35,049.27, registering a minimal increase of 0.14%, equivalent to a gain of 49.51 points. The index recorded fluctuations between the high of 35,216.47 and the low of 34,798.06. Simultaneously, the BSE Sensex marked a moderate rise, closing at 69,296.14, reflecting a 0.63% increase and a gain of 431.02 points. The high and low for the BSE Sensex were reported at 69,381.31 and 68,954.88.

In the SmallCap category, the BSE SmallCap index reported a closing value of 41,099.21, depicting a slight increase of 0.12% and a gain of 48.20 points. The index moved between the high of 41,317.67 and the low of 40,825.66. Meanwhile, the India VIX, indicating market volatility, experienced a 3.58% increase, closing at 13.4575, with the high and low reported at 13.8825 and 11.4750.

Transitioning to NSE indices, the NIFTY Midcap 100 index concluded at 44,122.90, showing a 0.47% increase and a gain of 204.30 points. The index fluctuated between the high of 44,187.95 and the low of 43,661.10. Similarly, the NIFTY Smallcap 100 closed at 14,453.55, marking a marginal 0.11% increase with a gain of 15.85 points, and the high and low were noted at 14,547.15 and 14,335.75. Additionally, the Nifty smallcap 50 index recorded a closing value of 6,716.50, indicating a 0.27% increase and a gain of 18.00 points, with the high and low reported at 6,758.50 and 6,656.40.

Among the broader market indices, the Nifty 100 exhibited a modest performance, closing at 20,949.25, reflecting a 0.92% increase and a gain of 191.30 points. The index moved between the high of 20,957.65 and the low of 20,783.60. The Nifty 200 recorded a closing value of 11,275.95, showing a 0.85% increase with a gain of 95.20 points, and fluctuated between the high of 11,280.30 and the low of 11,192.25. Additionally, the Nifty 50 concluded at 20,855.10, marking a 0.81% increase and a gain of 168.30 points, with the high and low reported at 20,864.05 and 20,711.15.

In the international context, the Nifty 50 USD index experienced a 0.79% increase, closing at 8,666.30, with no significant fluctuations during the day. Meanwhile, the Nifty 50 Value 20 index ended at 10,955.40, showing a marginal 0.11% increase and a gain of 12.35 points, fluctuating between the high of 10,981.55 and the low of 10,880.70.

The broader Nifty 500 index concluded at 18,588.55, marking a 0.76% increase and a gain of 140.05 points, with the high and low at 18,594.90 and 18,453.65. Moving to the midcap segment, the Nifty Midcap 150 closed at 16,364.10, reflecting a 0.38% increase and a gain of 61.65 points, with the high and low reported at 16,392.75 and 16,214.40. Additionally, the Nifty Midcap 50 ended the day at 12,508.05, showing a 0.35% increase and a gain of 43.60 points, fluctuating between the high of 12,551.45 and the low of 12,366.10.

In the category of Nifty Next 50, the index concluded at 49,937.35, marking a 1.04% increase and a gain of 512.55 points, with the high and low reported at 49,956.60 and 49,405.70. The Nifty Smallcap 250 recorded a closing value of 13,509.05, showing a marginal 0.15% increase and a gain of 20.00 points, with the high and low at 13,594.40 and 13,415.65.

Shifting to BSE indices, the S&P BSE ALLCAP closed at 8,552.71, reflecting a 0.74% increase and a gain of 62.43 points, with fluctuations between the high of 8,555.87 and the low of 8,491.91. The S&P BSE-100 concluded at 21,441.06, indicating a 0.79% increase and a gain of 167.84 points, with the high and low reported at 21,451.11 and 21,303.63. The S&P BSE-200 closed at 9,218.57, showing a 0.86% increase and a gain of 78.84 points, fluctuating between the high of 9,222.74 and the low of 9,152.00. Lastly, the S&P BSE-500 ended at 29,393.89, marking a 0.79% increase and a gain of 229.01 points, with the high and low at 29,405.48 and 29,184.09.

• Tesla, Inc. (TSLA) closes at 238.72 with a positive change of 3.14, reflecting a 1.33% increase, and a trading volume of 137 million shares within a 52-week range of 101.81 to 299.29.
• NIO Inc. Sponsored ADR Class A (NIO) sees a price of 7.43, up by 0.11, indicating a 1.50% increase, with a trading volume of 89 million shares and a 52-week range of 7.00 to 16.18.
• Marathon Digital Holdings Inc (MARA) records a price of 15.28, showing a gain of 0.42, translating to a 2.83% increase. The trading volume stands at 76 million shares, and the 52-week range is 3.11 to 19.88.
• AT&T Inc. (T) has a closing price of 17.22, up by 0.56, marking a 3.36% increase. The trading volume is 72 million shares, and the 52-week range is 13.43 to 21.53.
• Apple Inc. (AAPL) is priced at 193.42, experiencing a positive change of 3.99, reflecting a 2.11% increase. The trading volume is 65 million shares, and the 52-week range is 124.17 to 198.23.
• Palantir Technologies Inc. Class A (PLTR) closes at 18.30 with a minor decrease of 0.10, indicating a 0.54% change. The trading volume is 54 million shares, and the 52-week range is 5.92 to 21.85.
• Cleanspark, Inc. (CLSK) reports a price of 9.31, up by 0.44, translating to a 4.96% increase. The trading volume is 52 million shares, and the 52-week range is 1.74 to 10.05.
• Telefonaktiebolaget LM Ericsson Sponsored ADR Class B (ERIC) is valued at 5.46, experiencing a positive change of 0.21, reflecting a 4.00% increase. The trading volume is 52 million shares, and the 52-week range is 4.33 to 6.82.
• Plug Power Inc. (PLUG) exhibits a price of 4.24, with a notable decrease of 0.56, marking an 11.67% change. The trading volume is 49 million shares, and the 52-week range is 3.22 to 18.88.
• Amazon.com, Inc. (AMZN) has a closing price of 146.88, with a positive change of 2.04, indicating a 1.41% increase. The trading volume is 46 million shares, and the 52-week range is 81.43 to 149.26.
• Chanson International Holding Class A (CHSN) is priced at 4.76, reflecting a positive change of 1.86, translating to a significant 64.14% increase. The trading volume stands at 6 million shares, and the 52-week range is 1.04 to 5.84.
• KALA BIO, Inc. (KALA) has a closing price of 8.91, with a notable increase of 2.42, marking a 37.29% change. The trading volume is 3 million shares, and the 52-week range is 3.54 to 56.72.
• Cepton, Inc. (CPTN) exhibits a price of 4.28, with a positive change of 0.94, indicating a 28.14% increase. The trading volume is 59 thousand shares, and the 52-week range is 2.38 to 15.00.
• Carbon Revolution Public Limited Company (CREV) reports a price of 42.10, with a substantial increase of 8.32, reflecting a 24.63% change. The trading volume is 50 thousand shares, and the 52-week range is 6.30 to 197.99.
• Incannex Healthcare Inc. (IXHL) is valued at 8.73, with a positive change of 1.58, indicating a 22.10% increase. The trading volume is 1 million shares, and the 52-week range is 1.96 to 17.40.
• Adit Edtech Acquisition Corp. (ADEX) exhibits a price of 9.59, with a positive change of 1.56, translating to a 19.43% increase. The trading volume is 15 thousand shares, and the 52-week range is 7.52 to 11.38.
• PHAXIAM Therapeutics S.A. Sponsored ADR (PHXM) has a closing price of 5.01, with a positive change of 0.81, marking a 19.27% increase. The trading volume is 19 thousand shares, and the 52-week range is 3.00 to 14.00.
• Travere Therapeutics, Inc. (TVTX) is priced at 7.40, reflecting a positive change of 1.11, translating to a 17.65% increase. The trading volume stands at 6 million shares, and the 52-week range is 5.25 to 23.18.
• Journey Medical Corp. (DERM) exhibits a price of 5.74, with a positive change of 0.77, indicating a 15.49% increase. The trading volume is 322 thousand shares, and the 52-week range is 1.02 to 5.75.
• Siyata Mobile Inc. (SYTA) reports a price of 3.58, with a positive change of 0.48, marking a 15.48% increase. The trading volume is 996 thousand shares, and the 52-week range is 2.33 to 204.40.
• iBio, Inc. (IBIO) is currently priced at 1.35, experiencing a significant decrease of 1.35, reflecting a 50.00% change. The trading volume is 3 million shares, and the 52-week range is 1.30 to 52.00.
• Replimune Group, Inc. (REPL) reports a price of 6.75, with a notable decrease of 5.57, marking a 45.21% change. The trading volume is 14 million shares, and the 52-week range is 5.89 to 29.52.
• OneMedNet Corp Class A (ONMD) exhibits a price of 1.86, with a decrease of 1.41, indicating a 42.97% change. The trading volume is 143 thousand shares, and the 52-week range is 1.67 to 13.51.
• Designer Brands Inc. Class A (DBI) is priced at 8.54, with a decrease of 4.27, translating to a 33.33% change. The trading volume is 10 million shares, and the 52-week range is 6.14 to 13.44.
• Conduit Pharmaceuticals Inc. (CDT) has a closing price of 2.68, reflecting a decrease of 0.97, translating to a 26.68% change. The trading volume stands at 135 thousand shares, and the 52-week range is 0.95 to 25.00.
• Alterity Therapeutics Ltd. Sponsored ADR (ATHE) exhibits a price of 3.24, with a decrease of 0.96, indicating a 22.86% change. The trading volume is 1 million shares, and the 52-week range is 1.55 to 5.41.
• SilverSun Technologies, Inc. (SSNT) is valued at 9.85, experiencing a decrease of 2.64, translating to a 21.14% change. The trading volume is 3 million shares, and the 52-week range is 2.67 to 13.37.
• MIRA Pharmaceuticals, Inc. (MIRA) reports a price of 2.92, with a decrease of 0.68, marking an 18.89% change. The trading volume is 180 thousand shares, and the 52-week range is 1.33 to 7.98.
• America's Car-Mart, Inc. (CRMT) is currently priced at 66.29, reflecting a decrease of 14.54, translating to a 17.99% change. The trading volume stands at 529 thousand shares, and the 52-week range is 59.51 to 127.95.
• Northann Corp. (NCL) exhibits a price of 9.20, with a decrease of 1.99, indicating a 17.78% change. The trading volume is 39 thousand shares, and the 52-week range is 3.12 to 22.40.

As of the latest update on December 5 at 4:51:47 PM ET, the Nasdaq Crypto Index stands at 2,400.05, reflecting a positive change of 98.84 points and a percentage increase of 4.30%. In the cryptocurrency market, Bitcoin is priced at 44,107.00, experiencing a positive change of 2,156.00 points, indicating a 5.14% rise. Ether follows at 2,279.30 with a change of 38.70 points, resulting in a 1.73% increase. Litecoin and XRP also exhibit minor changes of 0.26 points (0.36%) and -0.00 points (0.53%), respectively.

Moving on to currency exchange rates, the Euro to US Dollar pair is valued at 1.0798, showcasing a change of -0.00 and a 0.35% decrease. The British Pound to US Dollar pair stands at 1.2596, with a change of -0.00 and a 0.28% decrease. Meanwhile, the US Dollar to Canadian Dollar pair is at 1.3592, with a positive change of 0.01 and a 0.41% increase. The US Dollar to Swiss Franc pair is quoted at 0.8750, reflecting a change of 0.00 and a 0.26% increase. The US Dollar to Japanese Yen pair is at 147.1625, experiencing a change of -0.01 and a minimal 0.01% decrease. All currency rates were last updated on December 5 at 4:51:52 PM ET.

In the realm of bonds and rates, the yield changes for various Treasury durations are as follows: the 3 Month Treasury yield is at 5.218% with a change of -0.010, the 2 Year Treasury yield is at 4.558% with a change of -0.067, the 5 Year Treasury yield is at 4.140% with a change of -0.073, the 10 Year Treasury yield is at 4.173% with a change of -0.089, and the 30 Year Treasury yield is at 4.297% with a change of -0.123. These figures provide insights into the current state of cryptocurrency markets, currency exchange rates, and bond yields, assisting investors in making informed decisions.

In the market overview, a slight downturn was observed in various commodity indices. The Bloomberg Commodity index saw a decrease of 0.41% to 227.75, the UBS Bloomberg CMCI dropped by 0.74% to 1,496.61, the Reuters/Jefferies CRB declined by 0.47% to 303.18, Rogers International fell by 0.64% to 3,634.46, and the S&P GSCI experienced a 0.99% decrease to 3,383.89 on December 4th.

In the energy sector, WTI Crude Oil (Nymex) recorded a price of USD 72.51 per barrel with a 0.73% decrease for the Jan 2024 contract. Brent Crude (ICE) stood at USD 77.35 per barrel with an 0.87% decline for the Feb 2024 contract. RBOB Gasoline (Nymex) was at 211.40 USd/gal. with a 0.95% decrease for the Jan 2024 contract. Natural Gas (Nymex) recorded USD 2.71 per MMBtu with a 0.56% increase for the Jan 2024 contract. Heating Oil (Nymex) was at 263.40 USd/gal. with a 0.97% decrease for the Jan 2024 contract.

In the precious and industrial metals category, Gold (Comex) showed a price of USD 2,037.70 per t oz. with a 0.22% decrease for the Feb 2024 contract. Silver (Comex) stood at USD 24.51 per t oz. with a 1.61% decrease for the Mar 2024 contract. Copper (Comex) recorded 378.50 USd/lb. with a 1.32% decrease for the Mar 2024 contract. Platinum Spot was at USD 902.59 per t oz. with a 2.04% decrease.

In the agriculture sector, Corn (CBOT) rose to 490.25 USd/bu. with a 0.98% increase for the Mar 2024 contract. Wheat (CBOT) increased to 630.00 USd/bu. with a 1.53% increase for the Mar 2024 contract. Cocoa (ICE) decreased to 4,106.00 USD/MT with a 1.56% decrease for the Mar 2024 contract. Cotton #2 (ICE) rose to 79.68 USd/lb. with a 1.27% increase for the Mar 2024 contract. Live Cattle (CME) reached 168.63 USd/lb. with a 0.93% increase for the Feb 2024 contract.

On Wednesday, December 6, 2023, several economic indicators are set to be released. At 7:00 AM EST, the MBA Mortgage Applications report will provide information on refinancing activities, composite indices, and purchase indices. Following that, at 8:15 AM EST, the ADP Employment Report will focus on changes in private payrolls. At 8:30 AM EST, high-impact data will be released with the International Trade in Goods and Services report disclosing the trade balance. Concurrently, the Productivity and Costs report will cover annual rates of nonfarm productivity and unit labor costs. Finally, at 10:30 AM EST, the EIA Petroleum Status Report will reveal week-to-week changes in distillate inventories, gasoline inventories, and crude oil inventories. These reports offer insights into various aspects of the economy, including housing, employment, international trade, productivity, and the energy sector, aiding analysts and policymakers in assessing economic conditions.

• Pause in Year-End Equity Rally: After reaching new highs for the year, U.S. stocks are experiencing a pullback for the second consecutive day. The TSX shows little change, with defensive sectors taking the lead. The uncertainty arises as questions emerge about the market's potential overpricing of rate cuts early next year. This suggests that the year-end equity rally might be pausing as investors reassess market expectations.
• Rotation from Winners to Laggards: A notable shift in equities is observed, potentially marking the start of a rotation from this year's winners, particularly the Magnificent 7 (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla), to laggards. The Magnificent 7 have trailed the broader market, and there's a suggestion that the narrow market leadership and wide valuation gaps could create opportunities in areas that have lagged. This may initially include bond proxies in traditional defensive sectors and later extend to small-caps and value-style investments as growth reaccelerates.
• Focus on Jobs Data and BoC Rate Decision: The upcoming week places a significant focus on economic indicators. Investors are closely watching the U.S. JOLTS job-openings data, anticipating a modest decline, reflecting a gradual cooling in the labor market. The November employment report on Friday could receive a boost from the resolution of UAW autoworker strikes. The data suggests a shift in labor market dynamics, indicating early signs of softening that could lead to a better balance between labor supply and demand in 2024. In Canada, attention is on the Bank of Canada (BoC) rate decision, where rates are expected to remain unchanged due to progress on inflation and a loss in economic momentum. This implies a cautious approach by the BoC in response to economic conditions.