What You Need To Know
Market Update
US futures rise as the markets hope to make new highs in the final days of 2020. The 10-year treasury briefly topped .95% which is the highest since the beginning of the pandemic. Mitch McConnell struck down the vote on the $2,000 stimulus checks.
International Markets
European markets are trading higher on positive vaccine news and upcoming Brexit vote. Asian markets are mixed as the US dollar continues to weaken and China lowered their projected GDP growth.
Commodities
Gold and silver are trading higher on a weaker US dollar. Oil is up on hopes of a recovery and lower US oil inventories.
Crypto
Bitcoin hit another all time high yesterday of $28,600 but it currently down trading around $27,975.
Interesting News
The US recorded its first case of the new more contagious COVID strain. TikTok was the most downloaded app of 2020. Snapchat saw its total users grow 18% to $249 million. The nasdaq composite beat out the DOW and the S&P500 for the biggest returns this year totaling 43%.
Biggest After Market Movers
AstraZeneca is up 2% after Britain became the first country to approve their vaccine. Alibaba is up 3% and currently trading at around $243. CureVac is up 6% this morning and Moderna is up 3%. JD is up 1% as JD is exploring a potential spin-off of its cloud and AI unit.
Chart of the Day
TWTR Bull Flag (Charts by TradingView)
