Bitcoin Crosses $45K On First Day Of 2024, Ethereum, Dogecoin Spike As Well, Interest Rate Avalanche: US Office Buildings Brace For $117B Debt Cliff - Top Headlines Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
Cryptocurrencies Bitcoin, Ethereum, and Dogecoin have seen a spike in value on the first day of 2024, with Bitcoin crossing $45K. US markets are bullish with the S&P 500 surging 24% in 2023 and tech stocks predicted to rise 25% in 2024. US office buildings face a $117B debt cliff due to interest rates. Tesla shares have a lackluster start in 2024, and the company is set to report Q4 deliveries. Danone sells its U.S. organic dairy business, and Reckitt's Mead Johnson recalls baby formula. ASML halts exports to China, and US politics and world politics see significant developments.
January 02, 2024 | 2:12 pm
News sentiment analysis
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NEGATIVE IMPACT
ASML, a Dutch chip equipment maker, has halted planned exports to China following the influence of the US administration.
The halt of exports to China could negatively impact ASML's sales and supply chain dynamics, potentially leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Tesla shares are set for a lackluster kickoff in 2024, with the company preparing to report Q4 deliveries and extending subsidies in China. Tesla also offers free Supercharging in Japan's earthquake-hit regions.
Tesla's stock may experience short-term volatility due to the anticipation of the Q4 delivery report. The lackluster start and extended subsidies could be seen as negative, but free Supercharging in Japan may be viewed positively.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
The S&P 500 surged 24% in 2023, and the Fear & Greed Index remains in the 'Extreme Greed' zone, indicating a bullish market sentiment.
The strong performance of the S&P 500 in 2023 and the current sentiment suggest a positive short-term outlook for the SPY ETF, which tracks the index.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70