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Winter's Dawn: Celebrating the Solstice

The Winter Solstice, which occurred on December 21st, marks the shortest day and longest night of the year, signaling the official start of winter. Mary Walrath-Holdridge and Julia Gomez from USA TODAY explore the significance of this astronomical event and how it is celebrated across different cultures. The solstice, occurring when the North Pole is tilted furthest away from the sun, brings the least amount of daylight and the longest night. This year, the solstice fell on December 21st at 4:21 a.m. EST, marking the astronomical beginning of winter in the Northern Hemisphere. Historically, the Winter Solstice has been a time of celebration and reflection. Ancient civilizations, such as the Romans with their Saturnalia festival and the Norsemen with their bonfires, honored the return of the sun and the promise of longer days ahead. Today, people continue to observe the solstice with various traditions, including gatherings, feasts, and rituals that pay homage to the natural cycles of l...
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US Futures Dip as Investors Seek Inspiration


The US stock market futures are showing a slight decline today as investors search for inspiration amid mixed signals. Let’s break down the key points:

  1. Rate-Cut and AI Growth Hopes Take a Hit:

    • The recent optimism surrounding rate cuts and artificial intelligence (AI) growth has waned. Federal Reserve officials have emphasized that interest rates will remain higher for longer due to persistent inflation concerns.
    • High yields on 10-year Treasury bonds have weighed on growth stocks, particularly megacap Big Tech companies.

  2. Arm’s Revenue Forecast Dampens AI Enthusiasm:

    • Arm, a major chip designer, provided a downbeat annual revenue forecast. This has cast doubt on the AI growth narrative that had previously boosted chip stocks.
    • Shares of Arm dropped 9% in pre-market trading, and sector peers Nvidia and AMD also saw slight declines.

  3. Earnings Season Continues:

    • Warner Bros. Discovery reported earnings that missed estimates, failing to provide support for investors seeking positive catalysts.
    • Other companies, including Roblox and Yelp, are also reporting earnings today as the season winds down.

  4. Macro Front Updates:

    • Keep an eye on weekly jobless claims data, which is due later today.
    • San Francisco Fed Chief Mary Daly is scheduled to speak, potentially providing further insights.

In summary, the stock market remains cautious, with investors closely monitoring earnings reports and macroeconomic indicators. The path forward depends on how various factors play out in the coming days.


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