Week

Historic stock market volume is likely this week as Tesla goes into the S&P 500

Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020.

Patrick Pleul | picture alliance | Getty Images

The addition of Tesla into the S&P 500 at the close this Friday will be one of the biggest trading days in history, but it is only the most recent example of an ongoing trend: index managers who make the decisions of what goes in and out of these indexes are becoming increasingly influential.

“Rebalancings have become major trading events because more investors are tied to indexes, so the volume of trading during rebalances has gone way up,” Harry Whitton from market maker Old Mission told me.

Whitton noted that the heaviest days of trading are now typically on major index rebalancings.  The S&P 500 will rebalance on Friday, one of four days a year it does so.  Friday’s rebalance will

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Gold prices skid lower to start week as U.S. coronavirus vaccine rolls out



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© mohd rasfan/Agence France-Presse/Getty Images


METALS STOCKS

Gold futures on Monday were under selling pressure as a rollout of the experimental coronavirus cure began in the U.S. and as some uncertainty centered on another round of COVID-19 relief aid out of Congress hurt the yellow metal’s bullish thesis.

However, weakness in the dollar, off 0.5%, as measured by the ICE U.S. Dollar Index was capping downside for bullion and other precious metals priced in the U.S. unit.

Gold’s slide comes ahead of the last meeting of the Federal Reserve, which could also serve as a catalyst for commodities and financial markets broadly.

“Gold is struggling again today and broken back below $1,830 this morning where it had been seeing some support over the last week or so,” wrote Craig Erlam, senior market analyst at Oanda, in a daily note.

Video: The two things that would make Federated’s top strategist put

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Stock futures pointing higher ahead of opening bell after ending last week on downbeat note

U.S. equity futures are pointing higher early Monday hours before the opening bell after ending last week on a downbeat note. Benchmarks pulled further away from their recent highs Friday as prospects for another aid package from Washington faded, while a surge in virus cases is threatening to inflict more damage on an already battered economy.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 30046.37 +47.11 +0.16%
SP500 S&P 500 3663.46 -4.64 -0.13%
I:COMP NASDAQ COMPOSITE INDEX 12377.872143 -27.94 -0.23%

The proposed $900 billion aid package from a bipartisan group of lawmakers has essentially collapsed because of continued partisan bickering. But there were reports that talks may continue on Monday after President Donald Trump signed a temporary government-wide funding bill into law, averting a federal shutdown at midnight and buying Congress time for the on-again,

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BOJ likely to extend corporate aid schemes next week: sources

TOKYO (Reuters) – The Bank of Japan is likely to decide next week to extend a range of steps aimed at easing corporate funding strains as a resurgence of coronavirus infections cloud the economic outlook, sources familiar with its thinking said.

FILE PHOTO: A man wearing a protective mask walks past the headquarters of the Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-Hoon

The measures, due to expire in March, will likely be extended for at least half a year as a precaution against the deepening pain from COVID-19, four sources said on condition of anonymity as they were not authorised to speak publicly.

“With so much uncertainty over the outlook, it’s desirable for the BOJ to reach a decision on the extension as early as possible,” said one of the sources, a view echoed by three other sources.

Markets widely expect

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Are These The Best Green Hydrogen Stocks To Buy This Week? 3 Names To Watch

Do You Have These 3 Top Green Hydrogen Stocks On Your Watchlist This Week?

Green hydrogen stocks have been a buzz word trending in the stock market in recent months. Investors have started to shift their attention to renewable energy. Though most of the attention in the stock market this year has been on electric vehicles (EV) stocks and solar energy stocks, green hydrogen stocks have also started to gain more attention among investors. Top hydrogen stocks like Plug Power (PLUG Stock Report) and Cummins (CMI Stock Report) have delivered big gains to investors this year.

A report from AleaSoft reported  that the “Hydrogen will be the fuel of the future and step by step it will replace all current fossil fuels” may have a substantial basis. According to a report published by the International Energy Agency, the demand for hydrogen has tripled since 1975.

Under a Biden / Harris

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Nike, FedEx, Lennar, Eli Lilly, and Other Stocks for Investors to Watch This Week

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Notable companies reporting earnings this week include

Lennar

on Wednesday, 

FedEx

and

General Mills

on Thursday, and

Nike

and

Darden Restaurants

on Friday. Health care investors will also be tuning in to several investor days this week:

AbbVie

on Monday,

Eli Lilly

on Tuesday, and

Centene

on Friday.

The economic highlight of the week will be Wednesday’s decision from the Federal Open Market Committee, after the Fed’s interest rate-setting panel concludes its last two-day meeting of 2020. Officials aren’t likely to budge rates from near zero, but could tweak the central bank’s bond-buying program. Remarks from chair Jerome Powell after the meeting will be closely parsed by Fed watchers, as usual. The

Bank of Japan

also announces a monetary policy decision on Friday.

Economic data out this week includes the Census Bureau’s retail sales data for November on Wednesday, along with 

IHS Markit’s

Manufacturing and Services Purchasing

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What to know in the week ahead

This week, a slew of economic data and the Federal Reserve’s final Federal Open Market Committee (FOMC) meeting of the year will take center stage.

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Central bank officials are set to offer their assessment of how the economy has held up amid a resurgence in coronavirus cases, which has spurred a wave of renewed business restrictions across the country.

Heading into Tuesday and Wednesday’s FOMC meeting, officials struck a cautious tone. In their December Beige Book, or collection of anecdotes about economic activity released ahead of each Fed meeting, the central bank said that most Federal Reserve districts “characterized economic expansion as modest or moderate,” while four districts “described little or no growth, and five narratives noted that activity remained below pre-pandemic levels for at least some sectors.”

Many Fed officials over the past several months have also reiterated that their monetary policy efforts work most effectively in

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Weekly Preview: Earnings to Watch This Week (ACN, FDX, NKE)

What direction will the market take to close out the year? And when assessing the level the conviction held by the bulls and the bears, who will blink first? These questions don’t have easy answers given the number of variables are that still at play, including vaccine distribution and the next round of Covid-19 relief which is still yet to pass Congress.

When putting all of this together, it was another see-saw battle between good news and bad news on Friday as the major benchmarks ended the trading session on a downbeat note, capping a week marked by stagnant progress toward the many issues the market wants a resolution to. And while there are still reasons to be optimistic about 2021, namely the availability of a vaccine, the near-term implications of rising cases and business closures would suggest that stock valuations are too stretched, even as indexes hit new

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Fed’s Nightmare Year Isn’t Over Yet as U.S. Jobs Sour: Eco Week

(Bloomberg) — The Federal Reserve will start confronting the case for more stimulus to support the U.S. economy on Wednesday as it holds its final policy meeting of a truly momentous year.

The central bank in Washington, one of at least 16 monetary institutions worldwide scheduled for a decision this week, now has the specter of a marked slowdown in the labor-market’s rebound to consider after the latest jobs data for November.



map: Central Bank Rate Decisions This Week


© Bloomberg
Central Bank Rate Decisions This Week

The recent surge in Covid-19 cases is hitting workers and curbing the broader economic recovery. Resumed stay-at-home advisories in some of America’s biggest cities, such as Los Angeles and Chicago, have been a blow to some businesses still reeling from lockdowns at the start of the pandemic.

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That may push the Federal Open Market Committee to debate changes to its bond-buying program or alter its guidance for future

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Campbell Soup, Pfizer, Mastercard, and Other Companies That Raised Their Dividends This Week

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Justin Sullivan/Getty Images

In a busy week for dividend announcements, Abbott,

Campbell Soup,


Zoetis,

Bristol Myers Squibb, and Broadcomm were among the large U.S. companies that said they plan to boost their payouts.


Abbott

Laboratories (ticker: ABT), whose portfolio includes medical devices and nutritional products, declared a quarterly dividend of 45 cents a share, up 25% from 36 cents. The stock, which yields 1.4%, has returned about 23% this year, dividends included.

This marks the 49th straight year in which the company has raised its dividend. Abbott is a member of the

S&P 500

Dividend Aristocrats, all of which have paid out a higher dividend for at least 25 straight years.

Another member of the Aristocrats,

Pentair

(PNR), plans to raise its quarterly dividend to 20 cents a share from 19 cents. That’s a 5% boost.

The company’s various products include pumps and water supply products.

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