Overnight U.S. Stocks | Three major indices mixed, Nasdaq and S&P 500 hit new closing historical highs

According to Zhitong Finance, on Tuesday, the three major indices had mixed results, with the Nasdaq and S&P 500 both slightly rising, reaching new closing historical highs.

[U.S. Stocks] As of the close, the Dow Jones Industrial Average fell slightly by 76.47 points, a decrease of 0.17%, closing at 44,705.53 points; the Nasdaq rose by 76.96 points, an increase of 0.40%, closing at 19,480.91 points; the S&P 500 rose by 2.73 points, an increase of 0.05%, closing at 6,049.88 points. Intel (INTC.US) fell by 6.1%, NVIDIA (NVDA.US) rose by 1%, and Tesla (TSLA.US) fell by 1.5%. The Nasdaq China Golden Dragon Index rose by 1.1%, Alibaba (BABA.US) fell by 0.3%, and Nio (NIO.US) rose by 5%.

[European Stocks] The German DAX 30 index rose by 133.85 points, an increase of 0.67%, closing at 20,041.95 points; the UK FTSE 100 index rose by 46.48 points, an increase of 0.56%, closing at 8,359.37 points; the French CAC 40 index rose by 18.53 points, an increase of 0.26%, closing at 7,255.42 points; the Euro Stoxx 50 index rose by 31.02 points, an increase of 0.64%, closing at 4,877.75 points; the Spanish IBEX 35 index rose by 140.11 points, an increase of 1.19%, closing at 11,875.41 points; the Italian FTSE MIB index rose by 356.83 points, an increase of 1.07%, closing at 33,840.00 points.

[Asia-Pacific Stock Markets] The Nikkei 225 index rose by 1.91%, the Jakarta Composite Index in Indonesia rose by over 2%, and the KOSPI index in South Korea rose by over 1.8%.

[Cryptocurrency] Bitcoin slightly rose, priced at $95,886.36 per coin; Ethereum fell by 0.98%, priced at $3,607.46 per coin.

[Oil] Brent crude oil rose by 0.7% to $72.33 per barrel; WTI crude oil futures rose by 1% during the day, currently priced at $68.79 per barrel.

[Metals] LME copper futures closed up $119, priced at $9,112 per ton. LME aluminum futures closed up $20, priced at $2,610 per ton. LME zinc futures closed up $19, priced at $3,096 per ton. LME lead futures closed up $4, priced at $2,080 per ton. LME nickel futures closed up $322, priced at $16,015 per ton. LME tin futures closed up $251, priced at $28,824 per ton. LME cobalt futures remained flat, priced at $24,300 per ton.

[Macroeconomic News]

Federal Reserve Governor Cook expects the job market to rebound from the weakness reported in October. Federal Reserve Governor Cook stated that she expects the employment growth report for November, to be released on Friday, to show a rebound from the weak data affected by storms and strikes last month. "The latest employment data on Friday will rebound, perhaps not fully, but we will see some," Cook said at the Detroit Economic Club, adding that the U.S. may have essentially reached full employment, "the question is whether we can maintain this state." Federal Reserve's Daly: Fed policymakers need to keep an open mind about the timing of interest rate cuts. San Francisco Federal Reserve Bank President Daly stated on Tuesday that due to the strong state of the U.S. economy, the inflation rate is expected to reach 2%, and the labor market is fully balanced, it is not impossible for the Fed to cut interest rates at the upcoming meeting on December 17-18, but it is not a certainty either. "We must continue to adjust policy. Whether it is in December or at some later time, this is a question we will have the opportunity to debate and discuss at the next meeting," Daly said. "I think we need to keep an open mind and gather more information."

American consumers return to brick-and-mortar retail stores during Thanksgiving. The National Retail Federation (NRF) stated that consumers, eager for social experiences since the pandemic, flocked to physical stores during the holiday shopping season, driving an increase in foot traffic for brick-and-mortar retailers. A survey conducted by NRF and Prosper Insights & Analytics showed that approximately 126 million people visited physical stores during the Thanksgiving holiday weekend through Cyber Monday, up from about 121 million last year. The total number of online shoppers was approximately 124 million, down from 134 million a year ago. NRF CEO Matthew Shay stated that online shoppers tend to come from higher-income households, and their spending amounts are higher.

Trump transition team signs agreement allowing the Justice Department to conduct background checks on nominees and staff. President-elect Trump's transition team signed an agreement on Tuesday allowing the Justice Department to conduct background checks on his nominees and appointees after weeks of delays. This move enables Trump's transition aides and future government staff to obtain security clearances before Inauguration Day to access confidential information about ongoing government programs. It also allows nominees requiring Senate confirmation to undergo background checks that lawmakers want before voting. "The agreement reached with the Justice Department will ensure that President Trump and his team are ready to begin implementing the America First agenda on day one, which the vast majority of us supported on Election Day," said Susie Wiles, White House Chief of Staff appointed by Trump.

South Korean President Yoon Suk-yeol: Respecting the National Assembly's opinion, will lift the state of emergency. In a televised address early on December 4, South Korean President Yoon Suk-yeol stated that after the National Assembly's request to lift the state of emergency, he respects the National Assembly's opinion and has withdrawn the emergency troops. An emergency state council meeting will be held shortly to lift the state of emergency. The South Korean Joint Chiefs of Staff stated that all troops deployed due to the emergency state of emergency have been withdrawn since 4:22 AM on the 4th.

[Individual Stock News]

U.S. health officials conclude investigation into E. coli outbreak linked to McDonald's (MCD.US), identifying onions as the likely source. U.S. federal health officials have concluded their investigation into the E. coli outbreak associated with McDonald's Quarter Pounders, identifying the onions in the burgers as the likely culprit. The U.S. Food and Drug Administration (FDA) stated that the outbreak has resulted in 104 infections across 14 states, with 34 people hospitalized and 1 death State and federal health officials said on Tuesday that a recalled sample of yellow onions and an environmental sample from the grower tested positive for E. coli, but neither matched the strains in reported cases. The FDA cited epidemiological and traceback evidence suggesting that the recalled yellow onions may be the source of the outbreak. State and local health officials interviewed infected individuals, who reported that most remembered eating McDonald's food with onion slices. On Tuesday, McDonald's stock rose slightly, while U.S. large-cap stock indices dipped slightly.

Indonesia claims Apple (AAPL.US) will raise investment commitment to $1 billion to lift iPhone sales ban. Indonesia stated that it has received an improved investment commitment from Apple worth $1 billion, which is the latest move by the tech giant to lift the sales ban on the iPhone 16 devices in Indonesia. Indonesian Investment Minister Rosan Roeslani told lawmakers on Tuesday that the government and Apple have identified this figure as the expenditure for the "first phase," adding that he expects to receive Apple's written commitment within a week