By Barbara Kollmeyer
Weekly jobless claims rose 28,000 to 222,000, and we’re stil waiting on Federal Reserve speakers, including Atlanta Fed President Raphael Bostic and Fed. Gov. Randal Quarles, are on tap for Thursday.
Stocks /zigman2/quotes/210598065/realtime DJIA +1.34% /zigman2/quotes/210599714/realtime SPX +2.02% /zigman2/quotes/210598365/realtime COMP +2.76% are mixed after that Wednesday’s selloff. Europe equities /zigman2/quotes/210599654/delayed XX:SXXP +1.22% are still playing catch up and underwater. Asia was a mixed bag. Oil prices /zigman2/quotes/209723049/delayed CL00 +1.60% are slipping after OPEC+ said it will roll over its existing policy and lift output by 400,000 barrels per day in January. Gold /zigman2/quotes/210034565/delayed GC00 -0.20% is down and Treasury yields /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y +3.60% are creeping higher.
Retail purchases of U.S. equities hit a fresh all-time high of $2.2 billion on Tuesday, as shown in this chart by Vanda Research. Total retail volumes, though were “materially lower than in the early stages of the pandemic,” write senior strategist Ben Onatibia and analyst Giacomo Pierantoni.
It’s the year of the raunchy Christmas movie .
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