Tuesday,
December 20, 2022
Market recap
Dow Jones
32,757.54
-162.92 (-0.49%)
S&P 500
3,817.66
-34.70 (-0.90%)
Nasdaq
10,546.03
-159.38 (-1.49%)
Top Story
Petty criminals have swiped approximately 260 million packages from doorsteps this year, at an estimated cost of $19.5 billion in stolen goods.
Here are the cities where so-called âporch piratesâ are most prevalent. Plus, learn a few measures that you can take to prevent your packages from getting stolen.
Read more >>
Hopes for Santa Claus rally fading on Wall Street with trio of factors causing uncertainty
• US stocks fell Monday as investors remain focused on interest rates. The Federal Reserve and other central banks from around the world have struck a hawkish tone headed into 2023, which has put pressure on equities for the better part of this month.
• There are also increased recessionary concerns along Wall Street. This is stemming from weaker-than-expected retail sales, as well as increased COVID-19 case numbers in China. Investors worry this could derail the worldâs second-largest economy as it looks to relax its coronavirus rules.
• Corporate earnings will be closely watched this week through to yearâs end. When fears of a recession rise, earnings reports have a heightened ability to impact the market.
When fears of a recession rise, earnings reports have a heightened ability to impact the market.
• Investors will gain insight into the state of home building as Novemberâs building permits will be published. Permits act as a proxy for future construction. The metric fell 3.3% in October, month-over-month, to its lowest level since June 2020, as rising mortgage rates diminish demand.
• FedEx (FDX), General Mills (GIS), and Nike (NKE) are all set to report earnings. Given FedExâs role as a global logistics and shipping company, its report will give investors insight into trends in consumer confidence. And after Nike increased its dividend last quarter, investors will be expecting more good news from the sneaker giant.
Many investors get interested in options trading because it can be a way to generate income, speculate on the price movements of securities, and hedge against losses.
Options trading can be an appealing way to build wealth or manage risk, especially if youâre looking beyond just investing in stocks, bonds, and other assets in your portfolio. But options trading can be a complex and challenging endeavor. The key to success in options trading is understanding the basics, including knowing what options are and the risks and rewards involved.
SoFi has created this options guide to provide you with information and resources on the basics of options so you can start to develop a trading strategy that fits your goals and risk tolerance.
And now, you can trade them on an easy-to-use, intuitively designed platform that comes stocked with an educational content hub â and an in-app trading guide.
Todayâs top stories
These so-called kidults account for 25% of all toy sales annually. Cartoons, superheroes, and collectibles remind them of childhood. What are kidults? And why are they so important for toy stores? Also â parents will want to pay attention, as there are still plenty of discounts out there for the youngins. Read more >> Despite the number of new Christmas movies made each year, Americans prefer to rewatch the classics. A new study shows that Americans overwhelmingly prefer decades-old Christmas movies to new ones. Despite high budgets and star-studded casts, thereâs one reason why new Christmas flicks just canât compete with old ones. Read more >> Being a cheap person is not the same as being frugal. Learn 15 sneaky signs of being a cheapskate and how it impacts your finances and relationships. Read more >>Not-so-breaking news
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Elon Musk ran a poll on Twitter asking users whether he should step down as CEO. In total, 57.5% of the 17 million voters agreed that he should relinquish the title of Chief Twit.
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The highly-anticipated 20th Century Fox (DIS) sequel Avatar: The Way of Water grossed $134 million domestically during its box office opening, shy of the $175 million that industry insiders were anticipating.
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For the first time in more than a decade, investors are pulling more money out of ESG funds than theyâre investing in them, likely due to the Ukraine Warâs turmoil, general economic instability, and a broader backlash against ESG investing.
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Mesa Airlines (MESA) is winding down its relationship with American Airlines (AAL). The regional airline is negotiating a new agreement with United Airlines (UAL).
Financial planner tip of the day
âLinking your bank accounts can be a great way to manage your finances without making a trip to the bank. Linking can help you optimize your finances by allowing you to use the accounts that offer the best interest rates or other perks while still being able to make transfers between themâeven if theyâre at different institutions.â
Brian Walsh, CFPÂŽ at SoFi