HKSE - Delayed Quote • HKD (64266.HK) Follow Compare 0.069 +0.001 (+1.47%) At close: December 20 at 3:59:44 PM GMT+8 Related News Stock market today: Dow, S&P 500, Nasdaq rebound on fresh inflation data to cap volatile week Stocks signaled another rough day of trading on Friday after the House of Representatives voted against a Trump-backed spending bill. Building a resilient portfolio to withstand Trump 2.0 volatility As investors gauge how President-elect Donald Trump's second term in office will impact markets, Janus Henderson Investors Global Alpha Equity Team portfolio manager Julian McManus joins Seana Smith and Josh Lipton on Market Domination to discuss how to build a portfolio that's resilient to market volatility. "Volatility and resilience are keywords that investors need to have in mind when they construct portfolios," Henderson says, adding, "I think we're just endemically heading into what is going to be a higher volatility regime, I think, for the next year or so, we can expect higher volatility around what policymakers do and the way that currencies and risk assets react to that." The portfolio manager shares two steps for "very thoughtful portfolio construction." He outlines, "First of all, isolating stock selection as the source of risk. So, we want idiosyncratic risk or stock-specific risk to be driving returns." "Secondly, I think a thoughtful approach to risk on a go-forward basis. So, thinking through the major risks facing the portfolio and picking stocks that can be resilient in the face of that." McManus highlights defense stocks (XAR) in the US and globally, as well as sectors like telecommunications (XLC) and utilities (XLU), as opportunities for investors to find resilience amid volatility. Watch the video above to learn about the portfolio manager's market expectations for Trump's second term. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan. ChatGPT: Everything you need to know about the AI-powered chatbot ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 has been a big year for OpenAI, from its partnership with Apple for its generative AI offering, Apple Intelligence, the release of GPT-4o with voice capabilities, and the highly-anticipated launch of its text-to- Starbucks workers strike, Blackberry upgrade: Trending tickers Wealth host Alexandra Canal breaks down the top trending tickers on Yahoo Finance. Starbucks (SBUX) workers have launched strikes across major US cities, including Los Angeles, Chicago, and Seattle. The employees are demanding better wages, enhanced benefits, and increased staffing levels at their locations. Meanwhile, TD Cowen has upgraded BlackBerry's (BB) stock rating to Buy from Hold. The upgrade comes despite mixed third quarter earnings results, with analysts citing the company's improved cash flow position as the key factor behind this move. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith The Fed-fueled market downturn was a "tantrum": Strategist Oppenheimer Asset Management has set a bullish S&P 500 (^GSPC) target of 7,100 for 2025. However, the Federal Reserve's forecast of only two rate cuts has triggered a widespread market sell-off. Oppenheimer's chief investment strategist, John Stoltzfus, joins Catalysts to discuss his market outlook. Stoltzfus sees markets in a transition period amid "a normalizing of interest rates." Following a period of high inflation that didn't produce a recession, he notes, "the other side of this is the market does not like that the Fed does not want to cut as many times as the market wants." He describes the current market downturn as "a tantrum," suggesting there is "good potential" for recovery as markets adjust to the Fed's decision and outlook. "The wonderful thing is that the fundamentals remain intact," Stoltzfus tells Yahoo Finance, adding, "Essentially, things are getting better. We've got an economy that continues to show resilience in business [and] the consumer. Jobs look decent ... I think that we're headed in the right direction." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Market decline is about 2025 policy, not shutdown: Strategist The government faces a potential shutdown if funding agreements aren't reached by Saturday at midnight. Crossmark Global Investments chief market strategist Victoria Fernandez joins Morning Brief to analyze the market decline and its broader implications. "I really think this is not as much about a government shutdown as it is the market kind of recalibrating their thoughts about how easy it's going to be for their new administration coming in to get their policies put through," Fernandez explains. She notes that recent market "excitement" has been driven by hopes for deregulation, reduced deficit spending, and tax cuts, but "now we're seeing already ... that's not going to be as easy as we thought." Regarding investment strategies, Fernandez observes that investors face "a real push and pull" as they weigh fiscal policy, Fed outlooks, and volatility. "There's elements that look inflationary ... but then you have things that are disinflationary," she notes, adding that "it makes it hard to make a long-term outlook." As a result, she advocates for investors to remain "very diversified." For specific sector recommendations, Fernandez highlights opportunities in financials, industrials, and fixed income. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith November PCE, govt. shutdown looms, Novo Nordisk: 3 Things US stock futures (ES=F, NQ=F, YM=F) are slipping Friday morning after the Personal Consumption Expenditures (PCE) price index rose by 2.8% in November, just 0.1% below economists' estimates A government shutdown looms after House Speaker Mike Johnson's (R-La.) bipartisan spending bill was rebuffed by President-elect Donald Trump and Elon Musk, who Trump tapped to co-lead the proposed Department of Government Efficiency (DOGE). Novo Nordisk (NVO) shares dive by over 20% in Friday's pre-market trading after its experimental weight-loss shot CagriSema helped patients lose less weight than anticipated in its clinical trial. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Expect market volatility — and buying opportunities — in 2025 Investors digest the Federal Reserve's more-hawkish-than-expected outlook for its 2025 rate cuts and what it means for markets in the new year. Evercore ISI senior managing director of equity, derivatives, and quantitative strategy Julian Emanuel joins Julie Hyman and Josh Lipton on Market Domination Overtime to discuss his 2025 market outlook. Emanuel justifies his S&P 500 target for year-end 2025 of 6,800, saying it "acknowledges the idea that in an expensive market, bad news is likely to have an outsized reaction, as we've seen in the last couple of days, but on balance, you're going to have very strong earnings growth." He adds that, alongside earning growth, artificial intelligence should drive productivity gains in the new year. The strategist notes that while he has a broadly positive outlook for equities in 2025, he expects the market to be more volatile. Emanuel says volatility spikes can serve as buying opportunities, as they don't threaten the overarching picture of economic strength and earnings growth. "We think you're going to have [buying] opportunities [amid volatility], probably, on multiple occasions [in 2025], and in fact, we do think you're going to get one sometime between now and the inauguration," he adds. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan. The sharp reaction to the Fed could be an ominous sign for markets in 2025: Morning Brief Fed Chair Jay Powell did nothing particularly surprising on Wednesday, but markets reacted sharply. The strong reaction does not portend smooth sailing in the year ahead as the uncertainty Powell referenced arrives. The Next Great Leap in AI Is Behind Schedule and Crazy Expensive OpenAI has run into problem after problem on its new artificial-intelligence project, code-named Orion. Eli Lilly Gets FDA Approval for Zepbound for Certain Sleep Apnea Patients Eli Lilly said the Food and Drug Administration approved Zepbound for moderate-to-severe obstructive sleep apnea in adults with obesity. The company said Zepbound, or tirzepatide, is the first and only prescription medicine for adults suffering from this condition. The drug was launched in the U.S. for the treatment of adults with obesity or who are overweight with weight-related comorbidities in November 2023. Rumble Gets $775 Million Investment From Crypto Firm Tether Video platform Rumble said it entered an agreement for an investment from the cryptocurrency company Tether. Crypto giant Tether invests $775 million in Trump-friendly video service Rumble Tether's move to buy a large stake in Rumble signals its ambitions to expand both its technological and political ambitions. Qualcomm Prevails on Key Issues in Arm Suit A Delaware jury ruled that Qualcomm had a valid license to use Arm’s basic chip architecture for central processors it developed with the acquisition of a startup called Nuvia in 2021. The ruling paved the way for Qualcomm to continue selling those chips, which are at the heart of a range of devices including Microsoft Surface laptops. Qualcomm’s stock rose 1.8% in after-hours trading, while Arm’s stock fell 1.7%. Qualcomm Defeats Arm’s Claim Over Chip Design License Breach (Bloomberg) -- Qualcomm Inc. prevailed at trial against Arm Holdings Plc’s claim that it breached a license for chip technology that the world’s largest maker of mobile-phone processors acquired when it bought a startup in 2021. Most Read from BloombergThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNew York’s Congestion Pricing Plan Still Faces Legal HurdlesNYPD Car Chases Are Becoming Mo Qualcomm Scores a Victory in Its Dispute With Longtime Partner Arm This was a unique case in which Arm sued one of its best customers. The falling-out between the partners arose in 2022 when Arm claimed that Qualcomm violated the terms of a licensing agreement it had with Nuvia, a company that Qualcomm bought in 2021 for $1.4 billion. Qualcomm countered that the technology that was transferred from Nuvia was covered under its own license agreement with Arm. D.R. Horton (DHI) Laps the Stock Market: Here's Why D.R. Horton (DHI) concluded the recent trading session at $139.61, signifying a +1.73% move from its prior day's close. Copa Holdings (CPA) Ascends But Remains Behind Market: Some Facts to Note Copa Holdings (CPA) reachead $88.87 at the closing of the latest trading day, reflecting a +0.3% change compared to its last close. Here's Why Axcelis Technologies (ACLS) Gained But Lagged the Market Today In the most recent trading session, Axcelis Technologies (ACLS) closed at $69.47, indicating a +0.42% shift from the previous trading day. Why Hasbro (HAS) Outpaced the Stock Market Today In the most recent trading session, Hasbro (HAS) closed at $57.58, indicating a +1.89% shift from the previous trading day.