Crypto names extend gains
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 28 December 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
Episode transcripts: seekingalpha.com/wsb
Show links:
2024 Analyst Outlook: Lawrence Fuller On An Economic Soft Landing Scenario
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning and afternoon. |
| 0:09.0 | Good morning. Today is Thursday, December 28th, and I'm your host for today, |
| 0:12.8 | Rina Sherbal, filling in for Julie Morgan. |
| 0:15.6 | Our top stories, Apple Watch Band |
| 0:17.6 | paused by Appeals Court, crypto-related names, |
| 0:20.2 | extend gains, and Alibaba fails to get suit dismissed. |
| 0:24.0 | In the US on Wednesday, all three major indexes ended higher, |
| 0:28.0 | as expectations mounted that the Fed will cut interest rates |
| 0:30.0 | as soon as next March. |
| 0:32.0 | Traders took the riding momentum of a year-end |
| 0:34.8 | rally amid easing US Treasury yields and positive domestic economic data ahead |
| 0:39.8 | of Friday's final trading day in the year. Early Thursday, stock index futures were mixed with traders finally getting some macro |
| 0:46.7 | data on which to trade. |
| 0:48.7 | NASDAQ 100 futures were up 0.3%, S&P futures were up 0.2% and Dow futures were down slightly. |
| 0:56.7 | Traders are awaiting jobless claims and pending home sales data on Thursday for further |
| 1:00.9 | guidance. |
| 1:01.9 | Rates were higher. |
| 1:03.0 | The 10-year treasure yield rose three basis points |
| 1:05.4 | to 3.82%. |
| 1:07.2 | The two-year yield rose two basis points |
| 1:09.6 | to 4.26%. |
| 1:12.1 | Looking at some of Thursday's biggest stock movers, shares of companies in the crypto industry |
... |
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