Positive trend on Wall Street; Liveperson jumps by 30%

Trade review: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

16:32

The last trading day in New York opens in the afternoon with gains: the Nasdaq, the S&P 500 and the Dow Jones rise by 0.3%.

The S&P 500 rose 24% this year and broke 57 new records. The index is on track for its best two consecutive years since 1997 and 1998, according to Dow Jones Market Data, in the period before the dot-com bubble burst.

After jumping by about 40% yesterday, Liveperson Even today, without special news. Let’s recall that the company’s stock has fallen by about 65% this year and by 99% since the peak three and a half years ago.

The company that provides SaaS solutions (software as a service) to organizations and is managed by John Savino, did not publish an update to investors, but last night the stock jumped with a huge turnover in its view of 21 million dollars compared to an average turnover of 2 million dollars.

The reason for the jump is not clear, but the market points out that it may be due to signs of optimism on the part of Wall Street analysts who recently changed their recommendation from “sell” to “hold” and at the same time increased holdings by several hedge funds such as XTX Topco, Wolverine Trading and Charles Schwab asset management.

On the other hand, company executives such as the director Bruce Edward Hansen and also the company’s analytics manager (CAO) Jeff Ford sold shares. During the Corona crisis, the company’s stock reached a peak that reflected a value of 4.7 billion dollars for Liveperson, but since then it has lost most of its value after disappointing investors and reducing forecasts.

15:43

The shortened and last trading day for 2024 closed in a positive trend: the KAC index advanced by about 0.9%, the Potsi recorded an increase of about 0.6%. There was no trading in Germany today.

In the summary of the years, the British Potsi rose by 4.75% while the French Cac shed 3% this year following the political revolutions in the country, the German Dax qualified above all and rose by 19%.

Among the stocks that make the most significant movements in pre-trade on Wall Street:

The crypto stock micro-strategy advancing by about 5%. also, Coinbase , M. A. R. A. Holdings andRiot Platforms increased by more than 2%.

stock Tesla increases by about 1.7%, after having recorded decreases in the last three trading days. Despite the recent declines, the stock rose by almost 21% in December.

Nvidia rising close to 1%, after registering gains at the end of the trading day last night, with the chip company Super Micro Computer also advancing by more than 1%.

Internet company stock Verisin increased by more than 3%, after a report to the US Securities and Exchange Commission revealed that Berkshire Hathaway Warren Buffett’s holding company, increased its holdings in the company. According to CNBC, the holding company added 76,487 shares of the company in the last three trading days, for $15.6 million.

14:20

A positive trend in Europe: the POTSI index and the KAC index are now both advancing by about 0.7%.

12:40

A positive trend in Europe: the POTSI index and the KAC index both advance by about 0.4%.

In the commodities market, gold is up about 0.3% and its price is about $2,625 per ounce.

11:45

Trading in Europe is going up at this time. Cac rises by about 0.3%, and Potsi adds 0.2%. Wall Street futures signal slight gains at the opening of trading in the US.

Bitcoin has returned to declines, and its price is now slightly below $94,000.

10:45

Stability in the European stock markets: the FTSE and KAC indices register small increases.

Bitcoin is up about 0.5% and its price is now hovering around $94,200.

In the American debt market, the 10-year bonds decrease by about 3 basis points, with a yield of about 4.52%; the two-year bonds decrease by about 2 basis points, with a yield of about 4.23%.

10:20

Slight declines at the opening in Europe: the POTSI and the KAC index both decrease by about 0.1%. In Great Britain and France there will be a shortened trading day, due to the eve of the Civil Year.

CNBC noted that investors are expected to keep an eye on the stock Boeing after one of the company’s planes was involved in a fatal crash in South Korea, in which 179 passengers died. The Boeing 737-800, the model that crashed, is one of the most common planes in the world, and has a good safety record. Yesterday (Monday), the stock fell by about 2.2%.

9:30

Asia

Asian stock markets recorded mainly declines: the Shanghai Stock Exchange fell by about 1.5%, the Hang Seng index rose by about 0.1%, at the end of a shortened trading day due to the Civil New Year’s Eve, and in Japan and South Korea there was no trading due to a holiday in the economy.

In China, the PMI in the manufacturing sector fell from 50.3 to 50.1, thus missing forecasts, which predicted a reading of 50.3. This indicates that Beijing’s recent steps to stimulate the economy were not enough to give it a positive boost.

The CSI 300 index, which includes the 300 largest stocks on the Chinese Shenzhen and Shanghai stock exchanges, closed the year with a total increase of 16%, after losses in the past three years.

Wall Street

Last night on Wall Street, the trading day on Wall Street closed with lower prices. The Nasdaq fell 1.2%, the S&P 500 shed 1.1% and the Dow Jones lost 1%.

At the same time as the declines recorded by Bitcoin yesterday, a share micro-strategy which holds approximately 402,000 Bitcoin coins and allows investing in the currency without purchasing it directly, has plunged sharply.

Trading in the futures contracts on US stock market indices is conducted with slight price decreases.

US debt market

US government bond yields are trading this morning in a mixed trend: the ten-year bonds are down by about 3 basis points, with a yield of about 4.52%; the two-year bonds are up by one basis point, with a yield of about 4.26 %.

The global forex market

The euro and the pound weaken slightly against the dollar, while the Japanese yen strengthens against it by about 0.3% (156.3 yen)

The crypto market

Bitcoin is now down about 1.2% trading around the $92,700 level. Last night (Monday), the price of Bitcoin plunged to around $91,000 – a one-month low, after breaking records in recent weeks. Among the factors that influenced the surge in the currency was the expectation of sharp interest rate cuts by the Federal Reserve. Another significant factor in the dramatic rally in Bitcoin is the expectation that the Trump administration will be more sympathetic towards the decentralized currency market, and regulation will be more favorable. However, it seems that the market is waiting for Trump to officially take office at the end of January, so it will become clear if the new president will keep his word regarding regulatory easing in the market.

Ethereum is down about 2.3% and its price now stands at about $3,350.

the commodity market

Oil prices are now registering increases. American type oil rises by about 0.9% and the price of a barrel stands at about $71.6; Brent oil rises by about 0.9% and the price of a barrel stands at about $74.7.