Here are the most important news investors need to start their trading day:
1. New high
A professional trader works on the trading floor of the New York Stock Exchange (NYSE).
Brendan McDermid | Reuters
Both companies set new closing records on the first trading day of December S&P 500 Index and Nasdaq Index. The Dow Jones started falling in the last month of the year. On Tuesday, the October job openings report could provide a catalyst for markets ahead of Friday’s more closely watched November non-farm payrolls report. Traders will also be watching comments from Fed officials for signals on what action the central bank will take at its Dec. 17-18 meeting. Follow real-time market updates.
2. Decision in December
3. Musk’s money
Elon Musk attends the America First Policy Institute Gala at Mar-a-Lago on November 14, 2024 in Palm Beach, Florida.
Carlos Barria | Reuters
Elon Musk’s efforts to restore record pay have failed again. a judge upholding her ruling that the 2018 Tesla A $56 billion compensation package was improperly awarded. The pay package is the largest ever for a top executive at a U.S. public company. Musk said he planned to appeal the ruling, calling it “absolutely corrupt.”
4. Intel gets kicked out
Intel The resignation of Chief Executive Pat Gelsinger was announced on Monday. The move comes as the traditional chipmaker strives to make up for market losses lost to Nvidia. Intel shares have fallen more than 50% this year. Intel Chief Financial Officer David Zinsner and Intel Product Executive MJ Holthaus will take over as interim co-CEOs.
5. Dollar store downturn
– CNBC’s Alex Harring, Jeff Cox, Lora Kolodny, Rohan Goswami, Hayden Field and Melissa Repko contributed to this report.
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