Public Markets 3h Briefing
×Market Performance
The S&P 500 bloomberg.com fell as investors digested new tariff developments, with President Trump imposing a 15% across-the-board levy on US imports following the Supreme Court ruling. Oracle investing.com stock declined amid concerns over its Stargate project, while Nvidia shares gained ahead of its earnings report. Dell investing.com faced a stock target cut at Bof A due to rising memory costs, contrasting with Morgan Stanley's upgrade of two AI-focused stocks on an ABF substrate up-cycle.
Economic Indicators
US factory orders bloomberg.com declined 0.7% in December, with durable goods orders down 1.4%, signaling potential weakness in manufacturing. Meanwhile, Colombia's peso bloomberg.com defied economic and political challenges after a hawkish monetary policy pivot reinforced its carry trade appeal. Natural gas futures wsj.com rose slightly as a Northeast blizzard drove heating demand, offsetting power losses from the storm.
Corporate Developments
Abbott Laboratories bloomberg.com is raising approximately $20 billion through a bond sale to fund its acquisition of Exact Sciences Corp., marking one of the largest offerings in recent years. Generate Biomedicines bloomberg.com is seeking up to $425 million in an IPO, leveraging AI in drug development. Cosan bloomberg.com is considering an IPO of its gas and energy business to reduce debt at its sugar unit.
Sector Analysis
Door Dash investing.com and software stocks faced pressure following a dystopian AI report on potential job market disruption. Vans parent VF Corp investing.com was downgraded by JPM as margin recovery is expected to take longer. AMC Entertainment wsj.com narrowed its loss in Q4 and anticipates stronger performance in 2026, citing an attractive film slate.
Technology & Innovation
Nvidia investing.com is set to report strong results and guidance, analysts say, despite concerns about an AI-driven job crisis. The company's stock hit a unique valuation level amid growing investor interest in potentially groundbreaking technologies, even where profitability remains distant. ASML finance.yahoo.com unveiled an EUV light source advance that could yield 50% more chips by 2030, highlighting continued innovation in semiconductor manufacturing.
Regulatory & Policy
Treasury Secretary Scott Bessent finance.yahoo.com expressed concern about the private credit market, with Blue Owl becoming a warning example of exotic products gone wrong. The Supreme Court agreed to hear an appeal by Exxon Mobil and Suncor Energy to stop city and state climate change lawsuits. England's football teams ft.com face potential bans on sponsorship from unlicensed gambling groups as part of a government crackdown on black-market betting.