CNBC Daily Open: Market Roundup

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 subscribe. Today was a shortened trading day for many bourses. China's CSI 300 ended the year 15% higher, snapping its three-year losing streak, though it lost 1.6% on the day.

Bitcoin broke the $100,000 level in December 2024 after Donald Trump, largely seen as friendly to the cryptocurrency, won the U.S. elections. Industry executives and crypto investors see strong momentum for bitcoin, with several predicting that it will continue to rise. The U.S. government is considering whether to grant Nippon Steel a permit to build a new semiconductor factory in the state of Alabama. The decision rests with U.S. President Joe Biden, who has until Jan. 7 to decide. In an attempt to persuade Biden, Nippon Steel has offered to give the U.S. government a discount on its semiconductors. Alibaba has slashed prices on its visual language model by up to 85%, the company announced Tuesday. The model, named Qwen-VL, is designed to understand both texts and images. Alibaba's move signals the growing competition between Chinese tech giants as they aim to gain market share for their artificial intelligence products. The S&P 500 had a mixed year in 2024. The broad-based index blazed through the gates right from the start of 2024. In the first quarter of the year, it jumped up 10.2%. That's more than 10 times its average gain since 2000, noted CNBC's Robert Hum. That momentum couldn't be sustained. The S&P added 3.9% and 5.5% in the second and third quarter, respectively, of 2024. In any other year, investors might not have been disappointed with those figures. But the index's first-quarter performance set the bar so high that subsequent quarters seemed to pale in comparison. In the final quarter of 2024, the S&P limped forward just 1.9%. Making things worse, someone out there was naughty, preventing Santa from conducting his typical year-end rally in the stock market. Of course, a gain is a gain

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CNBC Daily Open: Inflation's still high — but so is the stock marketIt’s important to keep stocks’ performance this year in mind even as investors wonder what it’ll take to get inflation numbers lower.
Source: NBCLA - 🏆 319. / 59 Read more »

CNBC Daily Open: The perils of market predictionsA near-surefire of figuring out where markets are heading is to make a prediction — and disregard it.
Source: NBCNewYork - 🏆 270. / 63 Read more »

CNBC Daily Open: Fed Rate Cut, BOJ Decision, and Market OutlookCNBC Daily Open provides insights on the Federal Reserve's rate cut, the Bank of Japan's decision, and upcoming market forecasts.
Source: nbcchicago - 🏆 545. / 51 Read more »

CNBC Daily Open: Market Wrap-UpThis report covers today's market news, including the performance of China's CSI 300, the surge in Bitcoin price, the fate of FTX in the hands of President Biden, Alibaba's move in the AI market and the S&P 500's performance in 2024.
Source: nbcchicago - 🏆 545. / 51 Read more »

CNBC Daily Open: Market Recap and Year-End HighlightsA look at the closing markets of 2024, featuring the performance of the CSI 300, Bitcoin's rise, and the US stock market's performance. The report also highlights the potential impact of AI on the tech industry and the competition between Chinese tech giants.
Source: CNBC - 🏆 12. / 72 Read more »

CNBC Daily Open: Market Wrap-Up and Top NewsCNBC Daily Open delivers a concise overview of global market performance and highlights key news stories from around the world.
Source: nbcchicago - 🏆 545. / 51 Read more »