Here are the most important news investors need to start their trading day:
1. Strike distance
the Standard & Poor's 500 It is within striking distance of its all-time high, rising 0.4% on Tuesday to close the day at 4,774.75. At that mark, the index is less than 1% off its record close of 4,796.56, set almost two years ago in January 2022. The S&P 500 is on a roll of eight straight weeks of gains, its longest winning streak since 2017. Even with a short Trading week, broad market momentum should help lift the index to a new all-time high. the Dow Jones Industrial Average And Nasdaq Composite They are also on an eight-week winning streak. Follow live market updates.
2. Premium artificial intelligence
AMD President and CEO Lisa Su speaks at AMD's keynote during the Consumer Electronics Show (CES) on January 4, 2023 in Las Vegas, Nevada.
Robin Beck | AFP | Getty Images
Apple smartwatch ads are shown as customers look at smartwatch accessories at an Apple Store in New York, US, December 26, 2023.
Eduardo Munoz | Reuters
apple Masimo is resuming an import ban on its popular Apple Watches following a complaint from medical monitoring technology company Masimo accusing the tech giant of hiring employees at Masimo, stealing pulse oximetry technology and integrating it into the device. The US International Trade Commission banned the import of watches in light of the complaint, and President Joe Biden's administration refused to veto this measure. That left Apple to appeal and file an emergency request with the US Court of Appeals for the Federal Circuit to halt the ban at least until US Customs and Border Protection rules on the redesigned versions of the Watches and whether they infringe Masimo's patents. This ruling is scheduled to be issued on January 12.
4. Color me impressed
Taraji P. Henson stars in Warner Bros.' The Color Purple.
Warner Bros. Discovery
Warner Bros. Discovery The Color Purple topped the Christmas box office with $18.15 million. It's the best holiday box office debut since 2009's “Sherlock Holmes” and the second-best movie of all time for the day. Produced by Oprah Winfrey and Steven Spielberg, the film is based on the Broadway musical version of the book-turned-movie, all of the same name. Its opening day performance alongside the “Aquaman and the Lost Kingdom” and “Wonka” films means Warner Bros. Discovery took the top three spots at the Christmas box office.
5. 2024 forecast
A customer shops for frozen foods at a grocery store on December 12, 2023 in San Anselmo, California.
Justin Sullivan | Getty Images News | Getty Images
If 2023 is a near-recession year, what is it? Does this mean 2024? Well, some experts say we're not out of the woods. With inflation still high (although lower) and interest rates still high (although steady), some economists are still calling for a moderate recession — perhaps even “the mildest in history,” according to Raymond James. But our odds may be improving: 76% of economists believe there is no more than half the chance of a recession in the next 12 months, according to a December survey by the National Association for Business Economics. In other words, more than three-quarters of economists surveyed believe we are more likely to avoid a recession in 2024 than not. So, if 2023 was the year of near-recession, 2024 could be the sequel.
CNBC's Samantha Sobin, Fred Imbert, Jordan Novitt, Sarah Whitten, Lori Kunish and Reuters contributed to this report.
— Follow the broader market movement like a pro CNBC Pro.
“Infuriatingly humble alcohol fanatic. Unapologetic beer practitioner. Analyst.”