MRKT MATRIX: December 31, 2024

Today’s Top Stories:

• Stocks slip in last day of 2024, but S&P 500 on track for second 20% annual gain in a row (CNBC)

• Stocks on Pace for Best Two Years in a Quarter-Century (Bloomberg)

• ‘Magnificent 7’ stocks responsible for more than half of the S&P 500′s 2024 gain (CNBC)

• Silicon Valley’s turn of fortune: Intel has worst year ever, while Broadcom enjoys record gain (CNBC)

• Tesla Stock Surge Runs Up Against a Potential Annual Sales Drop (Bloomberg)

• Beijing Pushes to Use China-Made Chips in Its EVs (WSJ)

• Xi Says China’s 2024 GDP Growth to Hit Target of Around 5% (Bloomberg)

• Chinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again. (NYTimes)

• In Lackluster Year for Emerging Markets, Riskiest Bonds Shone (Bloomberg)

• Crypto’s $205 Billion Stablecoin Market Set to Go Mainstream (Bloomberg)

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