MRKT MATRIX: December 12, 2024

Today’s Top Stories:

• Dow tumbles 200 points, Nasdaq retreats back below 20,000 after warm inflation report (CNBC)

• S&P 500’s Record Rally Shows Cracks as Most Stocks Left Out (Bloomberg)

• Stifel says a 10% to 15% S&P 500 correction is coming because of sticky inflation (CNBC)

• Adobe shares plunge 13% on disappointing revenue guidance (CNBC)

• ServiceTitan pops to $101 in cloud software vendor’s Nasdaq debut after selling shares at $71 (CNBC)

• Google’s Quantum Boost Doesn’t Really Compute (WSJ)

• Nvidia Steps Up Hiring in China to Focus on AI-Driven Cars (Bloomberg)

• China Comes Out Swinging as Trump Trade War Looms (WSJ)

• China Vows Bigger Fiscal Spending to Boost Consumption Next Year (Bloomberg)

Today’s MRKT Call is Presented by FactSet

Chart Check on Big Banks: How to Trade into 2025

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Thursday, December 12th.

Timecodes

• 0:00 - Banks vs SPX

• 12:40 - AI Trade Update

• 21:00 - Costco

• 24:30 - Audience Q&A

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