Stock Market News this week: Cannabis stocks, Trump Media & Technology and TikTok

This week was replete with caller data, deals, and drama. The Warner Bros-Netflix-ParamountSkydance bidding warfare unfolded with the latest developments connected December 17, apt ending the bidding contention arsenic the WBD committee formally rejected Paramount’s hostile bid to get the media giant. It continues to opt for Netflix, focusing connected the aboriginal of amusement with implicit 300 cardinal subscribers connected the platform.

Then IBM went up and bought Confluent for $11 billion. Read much here. How tin we skip aesculapian supplier Medline’s caller IPO, which broke records arsenic it raised $6.26 billion, and its banal jumped much than 40% connected the archetypal time of its Nasdaq listing.

But earlier we delve deeper, fto america look astatine however the large indices and commodities performed this week. A large portion of the week was bearish; however, with the holidays approaching, the marketplace excessively rejoiced.

Remember, though, the market, dissimilar immoderate offices, is not closed. It volition instrumentality a abbreviated break, closing aboriginal connected Christmas Eve astatine 1 pm, and volition stay closed connected December 25th, a invited respite from the changeless monitoring of banal movements.

• The S&P 500 closed 0.06% higher this week, hardly recovering the losses from earlier successful the week.

• The Nasdaq Composite roseate 0.3% this week, somewhat up aft each the tech sell-off.

• The Dow Jones recorded a 0.7% decline, and the small-cap Russell 2000 was down 0.9% this week.

Oil, which had reached a grounds debased of $55 per tube connected Tuesday, regained immoderate of its losses connected Thursday and Friday, but inactive recorded a 1.4% diminution for the week.

This comes aft US troops cornered Venezuelan ships transporting lipid from the state aft President Donald Trump ordered a “total and implicit blockade of each sanctioned lipid tankers going into, and retired of, Venezuela,” successful a Truth Social post.

This blockade is simply a broader strategy of putting administrative unit connected Nicolás Maduro, the President of Venezuela, whom the US accuses of cause and quality trafficking, the Wall Street Journal reported.

Natural gas showed a affirmative crook aft respective days of declining prices and was up 2.9% connected Friday, but remains 2.4% little implicit the week.

Silver, which has present seen a 130% year-to-date gain, recorded different caller precocious connected Friday, present astatine $67.385/oz, up 8.6% implicit the week.

This week, we received the November non-farm payroll data, which showed nary important changes from September. On Thursday, the Consumer Price Index was reported astatine 2.7% for the 12 months ending successful November, little than the 3% reported successful September.

However, if you analyse the report, a important information of the information is missing owed to the authorities shutdown that lasted passim October and aboriginal November.