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Your daily horoscope: December 30, 2024

  HOROSCOPE IF TODAY IS YOUR BIRTHDAY You don’t need to make any big resolutions on your birthday. With a new moon to inspire you the right opportunities will arrive at just the right time and you will know without a shadow of a doubt what must be done – and you will do it magnificently! ARIES (March 21 - April 20): If you make yourself useful to someone in a position of authority now they will find ways to repay you early in the new year. That may sound a bit mercenary but in this dog eat dog world who you know is as important as what you know. TAURUS (April 21 - May 21): If you want to do something out of the ordinary today, something you know is likely to shock friends and family members, then go for it 100 per cent. It’s a good way to end the old year and an even better way to start the new one. GEMINI (May 22 - June 21): It’s time to look ahead and start thinking about your long-term aims and ambitions. That applies as much to personal matters as it does to your career. Y...
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Wall Street Slips as Nasdaq Leads Declines: Market Recap

 

Wall Street’s recent record-breaking rally hit a speed bump on Friday, with the S&P 500 and the Nasdaq both losing ground. High-flying chip stocks reversed their trajectory, and a labor market report added to the market’s caution.

Key Takeaways:

  1. S&P 500: The broad U.S. index slipped 0.65%, closing at 5,123.69 after touching intraday record highs.
  2. Nasdaq Composite: The tech-heavy Nasdaq bore the brunt, losing 188.26 points to settle at 16,085.11.
  3. Chip Stocks: The Philadelphia Semiconductor Index initially surged to an intraday record but later retreated, impacting the overall market sentiment. Nvidia, a prominent AI chip company, lost ground after a remarkable run, while Broadcom and Marvell Technology faced headwinds due to disappointing forecasts.
  4. Labor Market Data: U.S. job growth accelerated in February, with nonfarm payrolls adding 275,000 jobs (above the expected 200,000 rise). However, the unemployment rate unexpectedly rose to 3.9%, and wage growth slowed to 0.1% on a monthly basis.

Investors engaged in profit-taking, leading to the market’s pullback. Despite this, the general bias remains positive, with hopes that inflation will remain benign and the Federal Reserve will continue its accommodative stance. As we navigate the markets, vigilance toward economic indicators and global events remains critical.



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