US stocks start to get cold in December | Wilnesh News

Korean market turmoil
South Korean stocks opened lower on Wednesday after political unrest rocked the country overnight. The Kospi index recently fell more than 2%. The South Korean won rebounded from sharp early losses – hitting a two-year low against the dollar – but ended lower against the greenback. Likewise, U.S.-listed South Korean stocks fell but later recovered some of their losses.

U.S. markets trade mixed
U.S. markets were mixed on Tuesday. this S&P 500 Index It’s flat, Dow Jones Industrial Average dropped, but Nasdaq Index Rose. European regional Stoke 600 An increase of 0.37%. French CAC 40 The stock closed 0.26% higher as traders assessed news that the country’s Prime Minister Michel Barnier will push through a budget bill without a vote in parliament.

BlackRock expands private credit business
BlackRock The company announced on Tuesday that it would acquire HPS Investment Partners, a firm focused on private credit investments, for $12 billion. The deal will give BlackRock, the world’s largest asset manager, a better position in private credit. HPS had originally planned to go public, but the move attracted the attention of BlackRock, sources said.

(PRO) Review policy more than data
Since U.S. inflation surged, the monthly jobs report, along with inflation data, has become the key economic data that moves markets. As deflation progresses, traders appear to be turning their attention to U.S. President-elect Donald Trump’s economic policies.

December may have sparked a Mariah Carey thaw, but stocks were tepid at the start of the month.

It is unlikely that stocks will remain in the permafrost this month.

According to the Stock Trader’s Almanac, December is historically the third-best month of the year.

CNBC’s Bob Pisani writes that the stock market may see some minor moves in early December due to tax-loss sales, a phenomenon in which investors sell loss-making assets to reduce the tax burden on other assets that generate capital gains. But as the end of the year approaches, stocks tend to regain momentum.

“Historically, these strong returns tend to be back-end loaded,” said George Smith, portfolio strategist at LPL Financial.

Additionally, in presidential election years, December typically moves up a notch to become the second-best month for the stock market.

As Ken Mahoney, CEO of Mahoney Asset Management, noted, “The market has never fallen in December when the market has risen 10% or more following the election of a newly elected president.”

In addition, investors may be waiting for the U.S. November employment report to be released this Friday before making any major moves. The data will be the Fed’s last look at the labor market before its rate-setting meeting on Dec. 17-18.