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Market Closing Performance for Tuesday, December 12th, 2023.

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On Tuesday, Dec. 12th, the Dow rose +0.48%, the S&P 500 gained +0.46% and the Nasdaq-100 climbed +0.82%, with all three benchmarks marking their fourth straight day of gains. 

Strong gains were seen from mega-cap tech names such as Nvidia (+2.2%), AMD (+2.4%) and Meta Platforms (+2.8%). 

Key Takeaways: 

  • Drivers of the S&P 500: Eight of the 11 S&P sectors finished higher, with technology, financials, and materials leading the way. Incyte Corp. (INCY) surged to +8.75%, its highest level since 2017 after promising results from its Graft-Versus-Host Disease (GVHD) therapy study. The company also announced plans to submit its biologics license application to the FDA by year-end.
  • Inflation Data: Investors reacted positively to November's inflation data, which came in line with expectations, showing a 0.1% month increase and a 3.1% annual rise. 
  • FOMC Meeting: Today, Dec. 13th, the Federal Reserve is expected to hold interest rates steady. Investors will be keen to hear Fed Chair Jerome Powell's remarks regarding future rate cuts.

 

U.S Markets Major Indices & Other Assets

Index

Last Close

1-Day Change 

S&P 500  

4,643.69

+0.46%

Dow Jones 

36,577.95

+0.48%

Nasdaq-100 

16,354.25

+0.82%

U.S. 10-Year Treasury Yield*  

4.212%

-0.40%

Brent (Oil)*

$72.79

-5.04%

Bitcoin*

$40,847.63

-2.15%

 

 

 

 





*Bitcoin is a continuously traded asset without a defined closing time. US10YR and Brent also have different trading hours. The price displayed here represents their values as of 8:00 am (GMT+1) on Wednesday, Dec. 13th.

 

Top Gainers

 Company

Ticker 

Last Close 

 1-Day Change

C4 Therapeutics Inc.

CCCC

$2.34

+98.31%

System1 Inc.

SST

$2.21

+20.11%

ImmunityBio Inc.

IBRX

$3.72

+16.98%

 

 

 






S&P-500's Top Gainers

Company 

Ticker

Last Close 

 1-Day Change

Incyte Corp.

INCY

 $61.86

+8.45%

Linde Plc.

LIN

$426.72

 +4.53%

Alaska Air Group Inc.

 ALK

$37.31

+4.36%