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**Major Index Performance**- **S&P 500**: Gained 22.99 points, or 0.4%, to close at 6,074.08[3].- **Dow Jones Industrial Average**: Ticked down 110.58 points, or 0.3%, to close at 43,717.48[3].- **NASDAQ Composite**: Rose 247.17 points, or 1.2%, to close at a record high of 20,173.89[3].**Key Factors Driving Today's Market Direction**- Tech stocks drove the market, with the NASDAQ Composite reaching a record high. Investors are gauging the outlook for the Fed's December meeting[3].- Divergence between mega-cap stocks and the broader market, with high-momentum trades in mega-caps contrasting with weaker performance in other sectors[2].**Notable Sector Performance**- **Top Gainers**: - Consumer Discretionary Select Sector SPDR (XLY): Advanced 1.4% - Technology Select Sector SPDR (XLK): Advanced 1% - Communication Services Select Sector SPDR (XLC): Advanced 0.4%[3].- **Top Decliners**: - Energy Select Sector SPDR (XLE): Plunged 2.2%[3].**Market Highlights**- **Most Actively Traded Stocks**: No specific details available, but trading volume was higher than the last 20-session average, with 15.3 billion shares traded[3].- **Biggest Percentage Gainers and Losers**: Not specified in the sources, but the NASDAQ's strong performance indicates tech stocks were among the gainers.- **Significant Market-Moving News Events**: The market is anticipating the Fed's December meeting and reacting to the divergence between mega-cap and broader market performance[2][3].- **Important Economic Data Releases and Their Impact**: No specific economic data releases mentioned for today.**Technical Analysis**- **Current Market Trend**: The NASDAQ Composite is in a strong upward trend, reaching record highs, while the broader market shows signs of weakness[2][3].- **Key Support and Resistance Levels**: - For the S&P 500, support levels could be around 6,000 to 5,950 if the current level falters, and resistance at around 6,200 to 6,300[5].- **Trading Volume Analysis**: Higher than the last 20-session average, indicating increased market activity[3].- **VIX Movement and Implications**: The CBOE Volatility Index (VIX) increased 6.4% to 14.69, suggesting increased market volatility expectations[3].**Forward-Looking Elements**- **Pre-market Futures Indication**: Not specified in the sources.- **Key Events to Watch for Tomorrow**: The Fed's December meeting and its potential impact on market direction.- **Important Upcoming Earnings Releases**: No specific releases mentioned for the immediate future.- **Potential Market Catalysts**: The Fed's decision at its December meeting and the ongoing divergence between mega-cap and broader market performance[2][3].

## Major Index Performance- **Dow Jones Industrial Average (DJI):** Ticked down 86.06 points, or 0.2%, to close at 43,828.06. Seventeen components of the 30-stock index ended in negative territory, while 13 ended in positive[1].- **S&P 500:** Remained virtually unchanged to close at 6,051.09. Eight of the 11 broad sectors of the benchmark index closed in the red[1].- **NASDAQ Composite:** Gained 23.88 points, or 0.1%, to close at 19,926.72[1].## Key Factors Driving Today's Market Direction- **Inflation Numbers and Fed Expectations:** Investors are optimistic about a potential rate cut from the Fed’s December meeting, driven by recent inflation numbers[1][5].- **Tech Stocks Performance:** The market was driven by the performance of tech stocks, which have continued a positive run[1].## Notable Sector Performance- **Top Gainers:** - Technology Select Sector SPDR (XLK) rose 0.4%[1].- **Top Decliners:** - Communication Services Select Sector SPDR (XLC) fell 1.2%. - Materials Select Sector SPDR (XLB) fell 0.9%. - Energy Select Sector SPDR (XLE) fell 0.5%[1].## Market Highlights- **Most Actively Traded Stocks:** No specific details provided, but decliners outnumbered advancers by a 2.23-to-1 ratio on the NYSE[1].- **Biggest Percentage Gainers and Losers:** The NASDAQ Composite recorded 75 new highs and 199 new lows[1].- **Significant Market-Moving News Events:** - Expectations from the Fed based on inflation numbers and tech stock performance[1][5].- **Important Economic Data Releases and Their Impact:** - No economic data was released on Friday[1].## Technical Analysis- **Current Market Trend:** Mixed, with the Dow and some sectors declining while the NASDAQ and tech sectors gained[1].- **Key Support and Resistance Levels:** Not specified in the sources.- **Trading Volume Analysis:** A total of 12.6 billion shares were traded on Friday, lower than the last 20-session average of 14 billion[1].- **VIX Movement and Implications:** The CBOE Volatility Index (VIX) decreased 0.8% to 13.81, indicating reduced market volatility[1].## Forward-Looking Elements- **Pre-Market Futures Indication:** U.S. stock futures were trading flat on Monday morning, with futures on the NASDAQ 100, Dow Jones Industrial Average, and S&P 500 up 0.05%, 0.06%, and 0.09%, respectively[5].- **Key Events to Watch for Tomorrow:** - Federal Reserve’s policy meeting decision, where a 25-basis-point interest rate cut is widely expected[5]. - Release of the preliminary Purchasing Managers’ Index (PMI) report[5].- **Important Upcoming Earnings Releases:** No specific details provided.- **Potential Market Catalysts:** - Fed’s interest rate decision and PMI data release[5].

## Major Index Performance- **S&P 500**: As of the last update, the S&P 500 is expected to close lower on Friday, December 13, 2024. The index gave back about two-thirds of Wednesday's rally, with the closing candlestick indicating a bearish outlook for Friday[2]. - **Daily Movement**: The S&P 500 is around 6,090.27 as of the previous close, with expectations of a lower close today[3].- **Dow Jones**: The Dow Jones Industrial Average (DJIA) closed at 44,642.52 on the previous trading day, with a week's change of -268.13 points. No specific daily movement is provided for today, but it is likely to follow the broader market trend[3].- **NASDAQ**: The NASDAQ Composite closed at 19,859.77, with a week's change of +641.61 points. Similar to the DJIA, no specific daily movement is detailed for today, but it is expected to align with the overall market direction[3].## Key Factors Driving Today's Market Direction- **Inflation Data**: The Producer Price Index (PPI) came in higher than estimated at 0.4%, which could impact market sentiment and interest rate expectations[2].- **Interest Rate Expectations**: Despite the higher PPI, many investors still anticipate an interest rate reduction next week, which could support the market[2].- **Earnings Reports**: Strong earnings from Costco, Broadcom, and RH reported after hours may provide some support, but overall market sentiment is bearish for the day[2].## Notable Sector Performance- **Top Gainers**: Consumer discretionary, communication services, and information technology sectors have been performing well, with gains over 3% in the past week[3].- **Top Decliners**: Energy, utilities, and materials sectors, typically more value-oriented, fell over 3% in the past week[3].## Market Highlights- **Most Actively Traded Stocks**: No specific details provided for today, but stocks like Costco, Broadcom, and RH are in focus due to their earnings reports[2].- **Biggest Percentage Gainers and Losers**: Specific stocks are not detailed, but the overall market is expected to see a bearish close[2].- **Significant Market-Moving News Events**: The higher-than-expected PPI and upcoming interest rate decision are key market-moving events[2].## Technical Analysis- **Current Market Trend**: The overall momentum is bearish, with indicators such as the MACD issuing a down signal and the Ultimate Oscillator falling sharply[2].- **Key Support and Resistance Levels**: - **S&P 500**: Support levels include 6,027.07, and resistance levels are around 6,068.05 (pivot) and higher levels such as 6,100[2][5].- **Trading Volume Analysis**: No specific details on trading volume, but the market is expected to be volatile.- **VIX Movement**: The VIX (Volatility Index) is not explicitly mentioned, but the bearish indicators suggest increased volatility.## Forward-Looking Elements- **Pre-market Futures Indication**: Futures are indicating a lower open, aligning with the bearish outlook for the day[2].- **Key Events to Watch for Tomorrow**: - **Monday**: Wholesale inventories are expected to rise to 0.2% from -0.2% prior[2]. - **Tuesday**: NFIB optimism index and US Productivity for the 3rd quarter will be released[2].- **Important Upcoming Earnings Releases**: No specific releases mentioned for the immediate future beyond today's focus on Costco, Broadcom, and RH.- **Potential Market Catalysts**: The Fed’s highly anticipated rate cut next week could be a significant market catalyst[2].

### Major Index Performance- **S&P 500**: Down 0.4% and on track for its third loss in the last four days[1].- **Dow Jones Industrial Average**: Down by 86 points, or 0.2%, as of 10:10 a.m. Eastern time[1].- **NASDAQ Composite**: Fell 0.6% from its record set the day before[1].### Key Factors Driving Today's Market Direction- **Unemployment Benefits**: More U.S. workers applied for unemployment benefits last week than expected[1].- **Inflation Data**: Inflation at the wholesale level was hotter last month than economists expected[1].### Notable Sector Performance- **Top Gainers**: No specific sectors reported as top gainers today, but generally, sectors like Communication Services and Information Technology have been strong recently[4].- **Top Decliners**: Sectors such as Energy, Financials, Healthcare, and Utilities have seen declines, with Energy down 4.5% and Utilities down 3.8% in recent weeks[4].### Market Highlights- **Most Actively Traded Stocks**: Not specified in the sources, but typically includes tech and high-volume stocks.- **Biggest Percentage Gainers and Losers**: Not detailed in the sources for today's market.- **Significant Market-Moving News Events**: - Unemployment benefits and inflation data releases[1]. - Overall economic data indicating potential economic slowdown[1].- **Important Economic Data Releases and Their Impact**: - Higher-than-expected unemployment benefits applications and hotter-than-expected wholesale inflation[1].### Technical Analysis- **Current Market Trend**: The overall trend is slightly bearish for the day due to negative economic data[1].- **Key Support and Resistance Levels**: - For the Dow Jones, closes above 44,575 are positive, while closes below indicate a negative trend[3]. - No specific levels mentioned for S&P 500 and NASDAQ today.- **Trading Volume Analysis**: Not provided in the sources.- **VIX Movement and Implications**: The VIX, a measure of volatility, has been relatively stable but can increase with negative economic news, indicating higher market volatility[4].### Forward-Looking Elements- **Pre-Market Futures Indication**: Not specified for the next trading day.- **Key Events to Watch for Tomorrow**: - Any further economic data releases or significant corporate earnings reports.- **Important Upcoming Earnings Releases**: Not detailed in the sources.- **Potential Market Catalysts**: - Continued economic data releases, especially on inflation and employment. - Global market movements and geopolitical events[1][4].