SEC Unapproved Spot Bitcoin ETF Bank of America Releases Top 10 Surprise Predictions This Year
Dow Jones Industrial Average -0.42% to 37,525.16, S & amp; P 500 Index - 0.15% to 4,756.50, the Nasdaq index dominated by technology stocks + 0.09% to 14,857.71。In terms of industry trends, telecommunications services were the strongest, up + 0.67%, energy weakest, down -1.63%。
U.S. stocks traded yesterday.
Dow Jones Industrial Average -0.42% to 37,525.16, S & P 500 Index - 0.15% to 4,756.50, the Nasdaq index dominated by technology stocks + 0.09% to 14,857.71。In terms of industry trends, telecommunications services were the strongest, up + 0.67%, energy weakest, down -1.63%。
After-hours U.S. stock news.
"01" SEC does not approve spot Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) said it has not approved any spot Bitcoin ETFs, pointing to a related post on the official account of its community platform X as a fake post posted by a hacker stealing account, a post containing comments from fake SEC Chairman Gary Gensler that at one point sent Bitcoin prices soaring。About a dozen companies have filed to list Bitcoin ETFs in the United States, and the SEC is expected to vote on the exchange's 19b-4 filing this week and may act on the issuer's S-1 filing at the same time.。If both sets of documents are approved by the SEC, these ETFs will have the opportunity to begin trading on the next business day.。
"02" BofA: Top 10 Unexpected Predictions for 2024
Bank of America Securities Releases New Report Predicting Top 10 Unexpected Scenarios That Could Affect Investors in 2024。
1.High bond taxes may prompt money to shift from bond markets to equities
2.Even in the face of an aggressive interest rate hike cycle, companies maintain low bankruptcy rates and are expected to continue to do so this year.
3.Small growth stocks could drive IPO market recovery this year amid expectations interest rates will stop rising
4.Japan's economy is expected to be the best performing market this year due to its resilience, low valuation and productivity improvement
5.Geopolitical risks could affect seven tech giants that rely heavily on Taiwan for chip manufacturing
6.Expect more catalysts for biotech and pharmaceutical industries in 2024, driving share prices to record highs
7.Investors have become more pragmatic about the energy sector, focusing on reliable and affordable energy demand.
8.Multiple geopolitical issues could lead to higher inflation
9.Treasury may need to offer bond buyers higher yields
10.Reduced cumulative regulatory costs as a percentage of GDP to attract investment funds
"03" Twitch plans mass layoffs
Amazon's (AMZN) live streaming platform Twitch plans to cut about 35% of its workforce, and about 500 employees will be affected。Company executives said that even relying on Amazon's infrastructure, Twitch's support for 1.8 billion hours of live content per month still leads to high operating costs, and Twitch has strengthened its advertising business in recent years, but the company as a whole has not yet made a profit, a number of executives have left in the past few months。Twitch has already executed two rounds of layoffs last year, with the latest cuts likely to be announced on Wednesday.。
"04" Citi briefly got rid of the bottom position of bank stock evaluation.
Citigroup (C) once got rid of its bottom-rated position among the six largest U.S. banks (since May 2022) in its recent bank stock analyst rating revision, surpassing Morgan Stanley (MS).。HSBC analysts upgrade Citi's rating while lowering Damo's rating。However, BMO analysts then downgraded Citi to "neutral," bringing its overall rating back to the bottom again.。Still, analysts still see about + 8% upside for Citi's target price overall。
05 US natural gas futures soar on winter storm
As winter storms swept across the United States (especially in the east), expectations of a large withdrawal of natural gas inventories to reduce excess storage led to a + 7% surge in U.S. natural gas futures prices in February to 3.$19 / million British thermal units。Eastern blizzards have left 418,000 homes and businesses without power in 12 states and are expected to escalate to extremely cold weather conditions this weekend.。Florida, Georgia and North Carolina were the most affected, with the main local power companies being New Century Energy (NEE), Southern Power (SO) and Duke Energy (DUK), respectively.。
"06" Boeing CEO Admits Mistake
Boeing (BA) CEO David Calhoun admits company error, says company engineers are gearing up to study parts recycled in Portland, Oregon, and promises to keep information transparent throughout。Boeing has faced a number of manufacturing issues in recent years, including inaccurate drilling of 737 Max aircraft and 787 Dreamliner component issues。The Alaska Airlines 737 Max 9 hatch loss caused the company's stock price to continue to fall.。
《 More 》
* Broadcom (AVGO) Chief Financial Officer Kirsten Spears sold 2,500 shares of the company's stock on Jan. 5 for $1,043 a share, a regulatory filing disclosed.
BlackRock (BLK), the world's largest money manager, plans to cut 600 employees, or about 3 percent of its workforce, and shift resources to fast-growing areas such as exchange-traded funds, private markets and technology.
* Golf legend Tiger Woods ends 27-year relationship with Nike (NKE)
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