CNBC Daily Open: U.S. stocks began December chilly, but will probably warm up soon

📆 04/12/2024 2:28:00
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December may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly, though unlikely they'll remain in permafrost this month.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeissued late Tuesday night. Yoon has in recent weeks clashed with the opposition party over 2025's budget. In his announcement lifting martial law, Yoon called for lawmakers to cease "budget manipulation."— it plunged to a two-year low against the U.S.

As Ken Mahoney, CEO of Mahoney Asset Management, noted, "When the market is up 10% or more with a newly elected President, it has never gone down in the month of December." The markets are currently pricing in a 72.9% chance the Fed will lower rates by 25 basis points at that meeting, a more optimistic bet than the 59.4% last week, according to the

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