Dernières nouvelles pour Franklin FTSE China ETF (ARCA:FLCH)

Franklin FTSE China ETF

Consumer Cyclical

Communication Services

Financial Services

Industrials

Other

Consumer Defensive

Healthcare

Technology

Energy

Basic Materials

Real Estate

Utilities

Under normal market conditions, the Fund invests at least 80 percent of its assets in the component securities of the FTSE China Capped Index and in depositary receipts representing such securities. The FTSE China Capped Index is a free float-adjusted market capitalization weighted index maintained and calculated by FTSE Russell with a capping methodology applied quarterly to issuer weights so that no single issuer of a component exceeds 25 percent of the FTSE China Capped Index weight, and all issuers with weights above 5 percent do not cumulatively exceed 50 percent of the FTSE China Capped Indexs weight. The FTSE China Capped Index is based on the FTSE China Index and is designed to measure the performance of Chinese large- and mid-capitalization stocks, as represented by H-Shares (securities of companies incorporated in the Peoples Republic of China (PRC) that are denominated in Hong Kong dollars and listed on the Hong Kong Exchange), B-Shares (securities of companies incorporated in the PRC that are denominated in U.S. dollars or Hong Kong dollars and listed for foreign investment on either the Shanghai or Shenzhen stock exchanges) and A-Shares (securities of companies incorporated in the PRC that are denominated in Chinese renminbi and listed on either the Shanghai or Shenzhen stock exchanges). The FTSE China Capped Index also includes certain securities listed outside of the PRC known as N-Shares (issued by companies incorporated in certain foreign jurisdictions, which are controlled, directly or indirectly, by entities, companies or individuals in the PRC, derive substantial revenues or allocate substantial assets in the PRC and are listed on the New York Stock Exchange, NASDAQ or the NYSE MKT), Red-Chips (issued by companies incorporated in certain foreign jurisdictions, which are controlled, directly or indirectly, by entities owned by the national government or local governments in the PRC, derive substantial revenues or allocate substantial assets in the PRC and are listed on the Hong Kong Exchange), P-Chips (issued by companies incorporated in certain foreign jurisdictions, which are controlled, directly or indirectly, by individuals in the PRC, derive substantial revenues or allocate substantial assets in the PRC and are listed on the Hong Kong Exchange) and S-Chips (issued by companies incorporated in certain foreign jurisdictions, which are controlled, directly or indirectly, by entities, companies or individuals in the PRC, derive substantial revenues or allocate substantial assets in the PRC and are listed on the Singapore Exchange). FTSE Russell determines eligible securities for the FTSE China Capped Index based on measures such as the companys place of incorporation, listing country, investor protection regulations present in the country of incorporation, tax domicile, location of headquarters/factors of production and currency of denomination. 

Tencent Holdings Ltd

PDD Holdings Inc

Deutsche Bank analyst Brad Zelnick downgrades Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) from Buy to Hold and lowers the price target from $207 to $190.

News

Downgrades

Price Target

Analyst Ratings

PANW

Deutsche Bank Downgrades Palo Alto Networks to Hold, Lowers Price Target to $190

UBS analyst John Lovallo downgrades JELD-WEN Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JELD#NYSE">JELD</a>) from Buy to Neutral and lowers the price target from $15 to $9.

JELD

UBS Downgrades JELD-WEN Holding to Neutral, Lowers Price Target to $9

Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), through its cloud division, Amazon Web Services (AWS), disclosed the launch of AWS Asia Pacific (Thailand) Region, with a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42865495/aws-launches-infrastructure-region-in-thailand" rel="noreferrer noopener">planned investment of over $5 billion</a>.
The investment will enable customers to run workloads and securely store data in Thailand with reduced latency.
The new Thailand Region comprises three Availability Zones, designed for high availability with independent power, cooling, and security, connected through ultra-low-latency networks.
AWS expects the new Thailand Region to contribute approximately $10 billion to the country&#8217;s GDP and support over 11,000 full-time-equivalent jobs annually.
These roles will span construction, maintenance, engineering, telecommunications, and other areas within AWS&#8217;s supply chain.
The new region underscores AWS&#8217;s long-term commitment to meeting growing cloud demand in Thailand and across Asia Pacific.
The new launch expanded the global footprint to 111 Availability Zones across 35 regions, with plans to add 15 more zones and five new regions, including Mexico, New Zealand, and Saudi Arabia.
Yesterday, the company announced plans to invest $11 billion in Georgia through AWS. This investment aims to bolster infrastructure for cloud computing <a target="_blank" href="https://www.benzinga.com/25/01/42865524/amazon-aws-will-invest-at-least-11-billion-in-georgia-to-boost-ai-and-cloud-infrastructure-we-expect-to-create-more-than-550-well-paying-jobs" rel="noreferrer noopener">and artificial intelligence technologies</a>.
Investors can gain exposure to the stock via ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) and Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>).
Price Action: AMZN shares are up 0.49% at $223.20 premarket at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42865957/amazon-poised-to-benefit-from-mexicos-import-tariffs-affecting-temu-heres-what-analyst-says-amid-trumps-warning-on-chinese-goods" target="_blank" rel="noreferrer noopener">Amazon Set To Benefit From Mexico&#8217;s Import Tariffs Affecting Temu, Shein — Analysts See Window Of Opportunity For Established Players</a></li>
</ul>
Photo by Sundry Photography via Shutterstock.

Equities

Large Cap

Tech

AMZN

FDIS

ONLN

Amazon Web Services Expands In Asia Pacific With $5 Billion Investment In Thailand Region

Deutsche Bank analyst Bhavin Shah downgrades Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) from Buy to Hold and lowers the price target from $85 to $80.

Deutsche Bank Downgrades Dayforce to Hold, Lowers Price Target to $80

SpaceX CEO Elon Musk said on Wednesday that the Raptor engine of its Starship launch vehicle is not perfect and needs a few more changes. 
What Happened: &#8220;Still a few final touches to perfect Raptor,&#8221; Musk said in a post on social media platform X. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Still a few final touches to perfect Raptor <a href="https://t.co/2OT7n0rLZT">https://t.co/2OT7n0rLZT</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876879922041377107?ref_src=twsrc%5Etfw">January 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
SpaceX first showcased the revamped engines of Starship,<a href="https://www.benzinga.com/news/24/08/40158736/spacex-ceo-elon-musk-showcases-starships-new-raptor-engine-with-more-thrust-and-less-mass-getting-cl"> dubbed Raptor 3</a>, in August. 
Raptor 3 does not require any heat shield as everything is regeneratively cooled. It is lighter and has more thrust and higher efficiency than Raptor 2, Musk then said.
"Truly, a work of art," Musk wrote about the engine while adding that the team at SpaceX put a "staggering amount of work" into it. "Getting close to the limit of known physics," Musk wrote about the engine in another post.
Why It Matters: However, Musk then also warned about future changes to the engine. 
With the new version, SpaceX has got the fundamental architecture of the engine right but there will still be "thousands of improvements" going forward, Musk said. He also noted that the induced mass of the new version of the engine, though better than the previous version, has a "lot of room for improvement."
The raptor engine is used exclusively for SpaceX's ambitious Starship launch vehicle aimed at taking people to the <a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs">Moon and Mars</a>. Starship, which is in the testing and development phase, has had six test flights to date. The next and seventh flight test of the Starship is expected next week. 
For the<a href="https://www.benzinga.com/general/space/25/01/42866518/spacexs-starship-7th-test-flight-delayed-says-elon-musk-now-expected-next-week"> upcoming flight test</a>, the launch vehicle will carry 10 Starlink simulators as payload which are similar in size and weight to the company&#8217;s next-generation Starlink satellites in a bid to demonstrate its capabilities in the satellite launch segment.
SpaceX is looking to catch the two-stage vehicle's booster back at the launch pad at Starbase with the launch tower's metallic arms like on its fifth test flight in October. However, in case of any safety concerns, the company will splash it down in the Gulf of Mexico, it said.
The spacecraft, meanwhile, is slated to be splashed down in the Indian Ocean on the upcoming test.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42840097/nhtsa-opens-probe-into-26-million-tesla-vehicles-after-complaint-of-crash-involving-actually-smart-summon-feature" target="_blank" rel="noreferrer noopener">NHTSA Opens Probe Into 2.6 Million Tesla Vehicles After Complaint Of Crashes Linked To Actually Smart Summon Feature</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Starship's Raptor Engine Needs 'Few Final Touches' Before Reaching Perfection, Says SpaceX CEO Elon Musk

Deutsche Bank analyst Brad Zelnick upgrades Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) from Hold to Buy and raises the price target from $265 to $300.

Upgrades

WDAY

Deutsche Bank Upgrades Workday to Buy, Raises Price Target to $300

Citigroup analyst Vikram Bagri upgrades HA Sustainable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HASI#NYSE">HASI</a>) from Neutral to Buy and announces $36 price target.

Hannon Armstrong Sustainable Infrastructure Capital

HASI

Citigroup Upgrades HA Sustainable to Buy, Announces $36 Price Target

On Tuesday, January 7th, U.S. markets closed lower as strong economic data fueled fears of prolonged inflation, delaying Federal Reserve rate cuts. Rising job openings and services activity drove benchmark 10-year Treasury yields to 4.699%, the highest since April. Markets now expect the Fed to hold rates through 2025.
Economic data showed that the U.S. trade deficit widened to $78.2 billion in November, up from a revised $73.6 billion in October and aligning with market expectations. Imports grew by 3.4% to $351.6 billion, while exports increased by 2.7% to $273.4 billion.
Most S&amp;P 500 sectors fell, led by losses in consumer discretionary, communication services, and tech stocks, while energy and health care gained.
The Dow Jones Industrial Average was down 0.42% and closed at 42,528.36, the S&amp;P 500 closed lower by 1.11% at 5,909.00, while the Nasdaq Composite fell 1.89% to finish at 19,489.68.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 closed lower by 0.27% at 39,970.50, led by losses in the Power, Transportation Equipment, and Warehousing sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.77%, ending the session at 8,349.10, led by gains in the Gold, Metals &amp; Mining and Materials sectors.</li>
<li>India&#8217;s Nifty 50 closed lower by 0.14% at 23,674.75, and Nifty 500 slid 0.56%, closing at 22,216.45, led by losses in the Consumer Durables, Capital Goods and Power sectors.</li>
<li>China&#8217;s Shanghai Composite was up 0.02% and closed at 3,230.17, while the Shenzhen CSI 300 declined 0.18% and finished the day at 3,789.22.</li>
<li>Hong Kong&#8217;s Hang Seng closed the session lower by 0.86% at 19,279.84.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 was up 0.32%.</li>
<li>Germany&#8217;s DAX gained 0.49%.</li>
<li>France&#8217;s CAC rose 0.05%.</li>
<li>U.K.&#8217;s FTSE 100 Index traded higher at 0.23%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.71% at $74.78/bbl, and Brent was up 0.40% at $77.35/bbl.</li>
<li>Oil prices rose as tighter supplies from Russia and OPEC, falling U.S. crude stocks and strong economic data boosted the demand outlook.</li>
<li>Natural Gas gained 4.81% to $3.616.</li>
<li>Gold was trading higher by 0.11% at $2,668.94, Silver was up 0.51% to $30.843, and Copper rose 0.27% to $4.2073.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures were up 0.27%, S&amp;P 500 futures gained 0.30%, and Nasdaq 100 futures rose 0.32%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index rose 0.24% to 108.95, the USD/JPY rose 0.18% to 158.33, and the USD/AUD gained 0.32% to 1.6101.</li>
<li>The dollar strengthened, driven by strong U.S. economic data, rising bond yields, and diminished expectations of Fed rate cuts.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Natural Gas Jumps 4%, Oil Hits $75; Europe Markets Advance - Global Markets Today While Us Slept

Deutsche Bank analyst Brad Zelnick downgrades Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) from Buy to Hold and lowers the price target from $600 to $475.

ADBE

Deutsche Bank Downgrades Adobe to Hold, Lowers Price Target to $475

Citigroup analyst Vikram Bagri downgrades SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Neutral to Sell and lowers the price target from $12 to $9.

SEDG

Citigroup Downgrades SolarEdge Technologies to Sell, Lowers Price Target to $9

TransUnion Signed A Definitive Agreement To Acquire U.K.-based Monevo, A Credit Prequalification And Distribution Platform, For An Undisclosed Amount

Citigroup analyst Spiro Dounis downgrades Aris Water Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARIS#NYSE">ARIS</a>) from Buy to Neutral and raises the price target from $18 to $26.

ARIS

Citigroup Downgrades Aris Water Solutions to Neutral, Raises Price Target to $26

Jefferies analyst Matthew Taylor upgrades GE HealthCare Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEHC#NASDAQ">GEHC</a>) from Hold to Buy and raises the price target from $95 to $103.

GEHC

Jefferies Upgrades GE HealthCare Techs to Buy, Raises Price Target to $103

NITO

N2OFF Received Formal Notification From NASDAQ Stock Market That It Has Been Granted An Additional 180-day Compliance Period, Or Until July 7, 2025, To Regain Compliance With Nasdaq's Minimum $1.00 Bid Price Per Share Requirement

TD Cowen analyst Marc Frahm upgrades Sana Biotechnology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) from Hold to Buy.

SANA

TD Cowen Upgrades Sana Biotechnology to Buy

Earnings

Earnings Beats

Earnings Misses

Acuity Brands Q1 2025 Adj. EPS $3.97 Beats $3.89 Estimate, Sales $951.600M Miss $956.175M Estimate

Telsey Advisory Group analyst Joseph Feldman maintains Holley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLLY#NYSE">HLLY</a>) with a Outperform and maintains $4.5 price target.

HLLY

Telsey Advisory Group Maintains Outperform on Holley, Maintains $4.5 Price Target

Popular tech YouTuber Marques Brownlee, aka MKBHD, on Tuesday, posted a video testing assisted-driving modes from multiple automakers to zero in on Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) full self-driving technology (FSD) as the best among the lot.
What Happened: Brownlee tested Tesla&#8217;s FSD technology, Ford&#8217;s BlueCruise, General Motors&#8217; Supercruise, Mercedes Benz&#8217;s Drive Pilot, and BMW&#8217;s assisted driving technology between May and December 2024, and ranked them in a SABCD ranking system.
While the YouTuber ranked the systems of Ford, Mercedes, and BMW together as C-tier, he ranked GM&#8217;s BlueCruise upon testing it on the Chevrolet Silverado EV in the B-tier. 
For Tesla&#8217;s FSD, Brownlee gave it an A-tier rating after testing different versions of FSD on the company&#8217;s Model 3 sedan and its Cybertruck electric pickup.
Tesla&#8217;s FSD, he noted, works on more roads than the other four and will even try to navigate by itself out of a parking lot. The others, in comparison, work mostly only on highways. 
Why It Matters: Tesla&#8217;s FSD technology ain&#8217;t perfect either, Brownlee noted in his video. 
&#8220;It&#8217;s not perfect and it does have some room to grow and it&#8217;s a little bit skittish sometimes and it&#8217;s not always up to date with speed limits,&#8221; Brownlee said. 
The YouTuber conducted his tests in the period between May and December with different versions of the systems and the performance of each of the systems might be different today than when he tested. 
Tesla CEO Elon Musk has previously expressed optimism about Tesla achieving vehicle autonomy with future versions of its FSD software. Last year, he said that the company would start deploying self-driving Model 3 and Model Y vehicles in Texas and California for ride-hail in 2025. FSD, however, currently requires active driver supervision. 
Safety Probes Into FSD: In October, U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) opened an investigation into<a href="https://www.benzinga.com/news/24/10/41398764/nhtsa-opens-probe-into-2-4m-tesla-vehicles-after-reports-of-4-crashes-with-fsd-involved" target="_blank" rel="noreferrer noopener">&nbsp;2.4 million Tesla vehicles</a>&nbsp;following reports of four crashes where its&nbsp;<a href="https://www.benzinga.com/topic/tesla-fsd" target="_blank" rel="noreferrer noopener">full self-driving</a>&nbsp;(FSD) partial driving automation system was engaged.
The regulator then said that it had identified four crash reports in which a Tesla experienced a crash after entering an area of &#8220;reduced roadway visibility&#8221; with FSD engaged.&nbsp;The reduced visibility, the regulator said, was caused by sun glare, fog, or airborne dust.
In one of the crashes, the vehicle struck and killed a pedestrian, the regulator added.
On Tuesday, NHTSA opened another probe <a href="https://www.benzinga.com/25/01/42840097/nhtsa-opens-probe-into-26-million-tesla-vehicles-after-complaint-of-crash-involving-actually-smart-summon-feature">into about 2.6 million Tesla vehicles</a> equipped with the company's full self-driving driver assistance technology following a complaint alleging that the use of its "Actually Smart Summon" feature led to a crash.
Actually Smart Summon refers to a feature that allows a user to remotely move the vehicle towards themselves or to another nearby location such as a parking lot through the company's phone app.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42867252/xais-grok-chatbot-to-be-integrated-into-tesla-vehicles-soon-says-elon-musk">xAI&#8217;s Grok Chatbot To Be Integrated Into Tesla Vehicles &#8216;Soon,&#8217; Says Elon Musk</a></li>
</ul>
Photo courtesy: Tesla

TSLA

MKBHD Ranks Tesla's FSD Best Among Assisted Driving Systems, Adds 'It's Not Perfect'

B of A Securities analyst Arnaud Lehmann upgrades Ferguson Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) from Underperform to Buy and raises the price target from $185 to $225.

FERG

B of A Securities Upgrades Ferguson Enterprises to Buy, Raises Price Target to $225

U.S. stock futures advanced on Wednesday after closing lower on Tuesday. Futures of all four major indices rose in premarket trade.
After a mixed close on Monday and a fall on Tuesday, the U.S. market has remained sluggish in yet another truncated week as it will remain closed for former President Jimmy Carter&#8217;s &#8216;National Day of Mourning&#8217; on Thursday, Jan. 9.
The 10-year and two-year Treasury notes yielded 4.67% and 4.28%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025, FOMC meeting was at 95.2%, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according to</a> CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.38%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.30%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.24%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.11%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.33% to $590.60&nbsp;and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.36% to $517.02, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stocks experienced a <a href="https://www.benzinga.com/25/01/42867409/sp-500-down-over-1-amid-decline-in-nvidia-fear-greed-index-remains-in-fear-zone">downturn </a>on Tuesday, with the S&amp;P 500 closing more than 1% lower. This decline was primarily driven by a decline in major technology companies.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares retreated significantly after reaching a new peak. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock faced a setback following a downgrade by BofA Securities. Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) also saw a decline in its share price.
Economic data released on Tuesday showed a widening of the U.S. trade deficit. Imports increased at a faster pace than exports, contributing to the deficit.
Most sectors within the S&amp;P 500 ended the day in negative territory. Consumer discretionary, communication services and information technology were among the hardest hit. However, energy and healthcare sectors bucked the trend and closed higher.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.89%</td>
<td>19,489.68</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.11%</td>
<td>5,909.03</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.42%</td>
<td>42,528.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.74%</td>
<td>2,249.80</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Talking about Donald Trump&#8216;s policy agenda, Christopher Wood from Jefferies wrote in his GREED &amp; Fear note dated Jan. 2 that it&#8217;s clear that certain aspects of Trump&#8217;s policy, such as the proposed tariffs and the crackdown on immigration could be inherently inflationary, something the Federal Reserve is likely aware of.
According to the note, there is a fundamental contradiction between the expectations of a disinflationary, productivity-driven boom fueled by AI and deregulation, which the U.S. stock market has been celebrating since the presidential election, and the potential economic impact of tariffs and immigration restrictions.
Regarding the latter, even if mass deportations do not occur, as is GREED &amp; Fear's base case, a substantial reduction in new arrivals could still lead to stagflationary effects.
According to the chief market strategist at Carson Research, Ryan Detrick an average year sees gains of 9.5%. This jumps to 10.6% after a 20% gain, &#8220;Suggesting better than average returns,&#8221; he said in a <a href="https://www.carsongroup.com/insights/blog/what-happens-after-stocks-gain-20/">note </a>dated Jan. 7. 
&#8220;The bull very well might have a little more up his sleeves this year. But taking this one step further shows that after back-to-back 20% gains, the next year is up 20% on average and never lower,&#8221; he added.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="961" height="463" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08050221/RYAN-DETRICK-IMAGE.png" alt="" class="wp-image-723523" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08050221/RYAN-DETRICK-IMAGE.png 961w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08050221/RYAN-DETRICK-IMAGE-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/08050221/RYAN-DETRICK-IMAGE-768x370.png 768w" sizes="(max-width: 961px) 100vw, 961px" /></figure>
According to Charles Schwab <a href="https://international.schwab.com/story/stock-market-update-open">commentary</a>, &#8220;The month lacked a significant &#8216;Santa Claus Rally,&#8217; but investor sentiment appeared bullish, particularly at the start and end of December. Many clients appeared to close out the year by rebalancing their portfolios, adding exposure to underperforming sectors such as health care and energy and trimming positions in outperformers like information technology and communication services.&#8221; &#8211;
Louis Navellier of Navellier &amp; Associates said that there&#8217;s no reason to be overly concerned by the recent volatility; the trend remains positive.
&#8220;If interest rates are up because the economy is strong, that will be good for earnings growth, which will outshine any small increments in financing costs. And global market yields will likely tie the Fed's hands from being too restrictive anyway,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Several important data points will be released in this truncated week that will help investors determine the future course of action.
<ul>
<li>On Wednesday, December&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>
</ul>
<ul>
<li>The minutes of the Fed&#8217;s December FOMC meeting will be released at 2:00 p.m., ET.</li>
</ul>
<ul>
<li>Consumer credit data for December will be announced at 3:00 p.m., ET.</li>
</ul>
<ul>
<li>On Thursday, initial jobless claims till Jan. 4 will be announced at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Wholesale inventories data for November will be released at 10:00 a.m., ET.</li>
</ul>
<ul>
<li>On Friday, the U.S. employment report, unemployment rate, and hourly wages data for December along with hourly wages year over year will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>The preliminary consumer sentiment data for January will be announced at 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Cal-Maine Foods Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) was up 3.78% in premarket on Wednesday after it posted better-than-expected results for its second quarter. The company said it set a quarterly record for total dozens sold and specialty dozens sold. It also announced a cash dividend of approximately $1.49 per share.</li>
</ul>
<ul>
<li>Acuity Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) was up 2.35% in premarket as analysts expect it to post quarterly earnings at $3.89 per share on revenue of $956.18 million. The company will release earnings before the markets open.</li>
</ul>
<ul>
<li>AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>) was up 2.36% in premarket after it posted stronger-than-expected second-quarter results. The company reported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 84 cents.</li>
</ul>
<ul>
<li>Fubotv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) was down 19.05% as Halper Sadeh LLC, an investor rights law firm, initiated an investigation on whether its merger with the Walt Disney Company's Hulu + Live TV business is fair to FuboTV shareholders.</li>
</ul>
<ul>
<li>Blue Hat Interactive Entertainment Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHAT#NASDAQ">BHAT</a>) was up 70.70% after it announced a $4.4 million registered direct offering of 55,200,000 Ordinary Shares.</li>
</ul>
<ul>
<li>XTI Aerospace Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) was down 49.08% in premarket after it announced a public offering of over 363 million shares at $0.055 per share and a 1-for-250 share consolidation as part of its 2025 strategic initiatives.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were higher in the early New York session by 1.19% to hover around $75.13 per barrel.
The gold spot index was up by 0.07% to $2,667.29 per ounce. The Dollar Index was up 0.29% to 108.858 level.
Asian markets were mostly lower on Wednesday as Hong Kong&#8217;s Hang Seng, Japan&#8217;s Nikkei 225, and China&#8217;s CSI 300 index declined. Whereas, Australia&#8217;s ASX 200, South Korea&#8217;s Kospi index ended higher. European markets were mostly higher in trade.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/01/42867184/yield-curve-normalization-cheap-valuation-eps-growth-to-boost-banks-in-2025-truist-initiates-coverage-on-these-14-regional-names">Yield Curve Normalization, Cheap Valuation, EPS Growth To Boost Banks In 2025: Truist Initiates Coverage On These 14 Regional Names</a></li>
</ul>
Photo courtesy: Wikimedia

Market Summary

Economics

Federal Reserve

Pre-Market Outlook

Trading Ideas

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CALM

FUBO

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XTIA

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