Daily comment 2.12.2024

Stock Indices

  • S&P 500: The S&P 500 is slightly down today as investors remain cautious ahead of key economic data from the U.S. Technology stocks remain stable, while the energy sector is under pressure due to lower oil prices.
  • NASDAQ: The NASDAQ is showing a slight uptick, driven by gains in semiconductor companies that have issued positive guidance for the next quarter.
  • European Markets: European indices are steady as investors assess new economic growth data from the Eurozone. The utilities sector is seeing gains, while consumer goods remain under pressure.
  • Asian Markets: Asian markets closed mixed today. Japan’s Nikkei posted a slight decline, while Chinese stocks rebounded following news of stimulus measures for the property sector.

Cryptocurrencies

  • Bitcoin (BTC): Bitcoin is trading around $35,200 with minor volatility as it approaches a key resistance level. Investors are closely watching developments regarding potential regulatory changes in the U.S.
  • Ethereum (ETH): Ethereum is holding steady at around $1,850. Network scalability projects continue to attract interest from long-term investors.
  • Altcoins: Solana (SOL) and Cardano (ADA) are showing minor gains, supported by growing interest in decentralized applications (DApps) and NFT projects.