Happy New Year 2024 everyone! Markets have become busy immediately at the start of the new year. Oil prices ticked up perhaps resulting out of the tensions in Red Sea, Dollar gained strength and Treasury yield ticked up. Economic data showed construction spending rose less than expected in November and US manufacturing PMI contracted more than expected in December. AAPL got a downgrade from Barclays and TSLA reported number of deliveries in Q4 that seemed better than estimates (it surpassed its goal of 1.8M deliveries for last year). There is perhaps some profit-taking as Nasdaq Composite, S&P500 are in the red and DJIA is in mild green this morning (PST).
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