Dow and S&P 500 up this quarter
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U.S. Markets Stock futures are down slightly on Wall Street after breaking an eight-day losing streak for U.S. equities. - Today is the last day of trading in a year best described as an unpredictable, volatile bear market.
- The Federal Reserve's monetary policy decimated stock prices, especially among technology companies and others that require significant capital to finance their operations.
- Barring an unprecedented rise in prices today, all three major indexes will finish the year down; both the S&P 500 and the Dow are on pace to gain this quarter. So far in Q4, the Dow is up 15.65%, and the S&P 500 is up 7.35%.
- The Nasdaq is set to fall more than 33% this year and is on pace to lose in all four quarters.
- The current 10 Year U.S. Treasury yield is set at 3.82370%
| Dow Jones | 33,220.80 | 1.05% | | S&P 500 | 3,849.28 | 1.75% | | Nasdaq | 10,478.09 | 2.59% | | Russell 2000 | 1,766.25 | 2.57% | *Stock Market data as of the last closing bell. Data received directly from the reference indexes through ICE Data Services. Do you not understand any of these figures? Check out our explainer.
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Canadian Markets A new survey from CIBC shows Canadians' top financial priority is to repay their debts. - 65% of all respondents listed debt as their top concern for 2023, with the next most common concern being a recession which concerns 30% of Canadians.
- 62% of Canadians do not feel financially prepared for unexpected costs; this is similar to figures at the start of the pandemic.
- 74% of Canadians are concerned about whether they will survive a recession financially; data shows that 59% would, with the rest struggling to maintain their financial health.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
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European Markets European stocks rose on Thursday, shaking off losses from earlier in the day and benefiting from positive momentum in the U.S. - Investors are still concerned about the impact of the war in Ukraine and inflation in Europe, which hasn't declined at the same rates as inflation in North America and Asia.
- On the day, the Stoxx 600 was up 0.7% after losing more than 0.5% earlier in the day, led by a 2% gain in the technology industry.
- Mining stocks were the worst performing, losing 0.4% on a day when almost all sectors gained on the day.
| Euro STOXX 50 | 3,850.07 | 1.08% | | UK (FTSE 100) | 7,512.72 | 0.21% | | Germany (DAX) | 14,071.72 | 1.05% | | France (CAC 40) | 6,573.47 | 0.97% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Asian Markets Stocks in Asia are up on Friday morning, benefiting from the positive momentum created by Wall Street on Thursday. - South Korea released lower-than-expected inflation figures showing just a 5% increase in prices year over year in December.
- The South Korean markets are closed today as the country is observing the New Year holiday today since New Year is on a Sunday.
- Stocks are up in Australia as well, rising just over 0.5%
| S&P Asia 50 | 4,434.25 | -0.65% | | Japan (Nikkei 225) | 26,188.14 | 0.36% | | South Korea (KOSPI) | 2,236.40 | 0% | | China (Hang Seng) | 20,030.85 | 1.47% | | India (SENSEX) | 61,133.88 | 0.37% | *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Commodities Oil prices were down on Thursday as the global demand for oil remains uncertain. - Brent Crude was down 1.2%, while U.S. West Texas Intermediate Crude was down 0.7% on the day.
- Both Brent and USWTI were down more than 2% earlier in the day but gained as the U.S. dollar fell later in the day.
- The Keystone pipeline reopened after an oil spill, which now increased the flow of oil by 622,000 barrels per day.
| Oil (NYSEARCA:OIL) | 29.81 | 0.13% | | Gold (NYSEARCA:GLD) | 168.85 | 0.56% | | Silver (NYSEARCA:SLV) | 21.97 | 1.71% | | Corn (NYSEARCA:CORN) | 26.96 | -0.26% | | Lumber (NASDAQ:WOOD) | 73.34 | 1.13% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities, click here.
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Currencies The U.S. dollar was down on Thursday ahead of the last day of trading in a near-record year for the U.S. dollar. - The U.S. dollar index was down 0.48% on the day.
- The U.S. dollar was up more than 12% this year and hit a 20-year high in September.
- The Yen, Euro, British Pound, Yuan, Swiss Franc, Australian Dollar, and New Zealand Dollar all gained against the U.S. Dollar. The only major currency to fall against the U.S. dollar yesterday was the Canadian Dollar.
| UK(GBP) | £0.83 | -0.30% | | Europe (EURO) | €0.94 | -0.22% | | Canada (Canadian Dollar) | $1.36 | 0.21% | | Japan (Yen) | ¥132.41 | -0.81% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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Cryptocurrency Bitcoin was stable heading into the last weekend of the year, while many alt currencies fell yesterday and overnight. | Bitcoin | $16,601.50 | -0.58% | | Ethereum | $1,195.58 | 0.53% | | Litecoin | $66.60 | 0.45% | | Bitcoin Cash | $97.50 | -4.09% | *Exchange rates as of 7 am ET. Data from Morningstar Financial Research. To understand why we track these currencies and the differences between them, click here.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.
|   | | Editor | Vibha Chapparike is a Freelance Writer & Editor at Inside.com. With her post-graduation in Management and Finance completed, Vibha is expanding her knowledge in venture capital, business, startups, and technology. She has had a career in public relations and communications. An ardent reader and writer currently residing in Singapore, you can follow Vibha on Twitter @VChapparike. | |
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