U.S. equity index futures mixed; S&P 500 up ~0.15%
Initial jobless claims 217k vs 210k estimate
Dec retail sales MM < est; ex-autos in-line with est
Philly Fed business index 44.3 vs -5.0 estimate
Euro STOXX 600 index up ~0.7%
Dollar, gold gain; crude, bitcoin dip
U.S. 10-Year Treasury yield edges up to ~4.66%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
RETAIL TRADERS FLOCK TO TRUMP MEDIA SHARES AHEAD OF INAUGURATION DAY
Retail traders increased their purchases of Trump Media shares DJT.O ahead of Inauguration Day on Jan. 20 when Donald Trump will be sworn in as president of the United States.
Individual investors bought about $2 million on Monday and Tuesday each, the highest since Nov. 14, according to Vanda Research. However, the excitement pales in comparison to the run up to U.S. election when daily net purchases by this investor cohort hit a record of about $14 million on Oct. 29.
Trump Media shares were last up 1.9% in premarket trading on Thursday after climbing 15.6% so far this week. Markets will be shut for Martin Luther King holiday on Monday, when Trump will take the oath of office in front of the U.S. Capitol.
"Watch out for sell-the-news flow action following the event," Marco Iachini, senior vice president at Vanda Research, said in a note.
"An ensuing slide ... accompanied by strong retail buying would imply institutional investors front-ran retail traders, using them as exit liquidity."
(Medha Singh)
*****
FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:
CRUDE OIL FUTURES: ABOUT TO MAKE A BIG LEAP, OR COME UP LAME? - CLICK HERE
RICHEMONT RESULTS: WHAT IT MEANS FOR THE LUXURY SECTOR - CLICK HERE
UK BANKS: FUNDAMENTALS TOO GOOD TO IGNORE - CLICK HERE
LUXURY LIFTS EUROPEAN EQUITIES AFTER RICHEMONT RESULTS - CLICK HERE
EUROPE BEFORE THE BELL: FUTURES SIGNAL FURTHER GAINS - CLICK HERE
BRIEF RELIEF FOR MARKETS AFTER TAME US INFLATION - CLICK HERE
Trump Media retail purchases https://tmsnrt.rs/3CcWBu0
(Terence Gabriel is a Reuters market analyst. The views expressed are his own)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.