9 January 2025

A view of the ball drop during Times Square's New Year's Eve 2025 celebration on December 31, 2024 in New York City.

Stuart of New York | Movie Magic | Getty Images

This report is from today's CNBC Daily Open, the international markets newsletter. CNBC Daily Open keeps investors informed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

What you need to know today

End of year celebrations for markets
US stocks ended the last trading day of 2024 lower, but…
He finished the year higher. Asia Pacific markets It fell on TuesdayWhich was a shortened trading day for many stock exchanges. China's CSI 300 index ended the year up 15%, ending a three-year losing streak, despite losing 1.6% during the day.

Bitcoin price $200,000 in 2024?
Bitcoin It broke the $100,000 level in December 2024 after Donald Trump, who is largely seen as a crypto-friendly, won the US election. Industry executives and cryptocurrency investors are seeing strong momentum for Bitcoin, and many are expecting it to happen It rises to $200,000 this year.

Nippon Steel Company offers the United States veto power.
fate Nippon Steel Planned acquisition United States steel It falls to US President Joe Biden, who has until January 7 to make a decision. In an attempt to convince Biden, Nippon Steel offered US government grants Veto power over any reductions in US Steel's production capacityReuters reported, citing a source familiar with the matter.

Artificial intelligence model price cut by Alibaba
Alibaba He is Cut prices on the visual language model By up to 85%, the company announced on Tuesday. The model, called Qwen-VL, is designed to understand text and images. Alibaba's move signals growing competition between Chinese tech giants as they aim to gain market share for their AI products.

(PRO) Top and bottom stocks for 2024
It has fueled the wonderful basket of seven stocks Standard & Poor's 500 Forward for most of 2024. But only one of them reached the podium in Three top-performing stocks year – and he didn't even win a gold medal. the The three worst performing stocksSurprisingly, it included a market leader in technology.

Bottom line

A great start, a flabby middle and then a flat stroke – this was the track Standard & Poor's 500 last year.

The broad-based index has burst through the gates since the start of 2024. In the first quarter of the year, it jumped 10.2%. That's more than 10 times the average gain since 2000, CNBC's Robert Hom noted.

This momentum cannot be maintained. The S&P added 3.9% and 5.5% in the second and third quarters, respectively, of 2024. In any other year, investors might not have been disappointed by these numbers. But the index's performance in the first quarter raised expectations to such an extent that subsequent quarters seemed dull in comparison.

In the fourth quarter of 2024, the S&P advanced just 1.9%. To make matters worse, someone was naughty, preventing Santa from conducting his usual end-of-year rally on the stock market.

Of course, a win is a win. But it's hard not to be disappointed when looking at the rally we're starting 2024 with, or when comparing it to the average fourth-quarter gain of 4.2% since 2000.

However, the relatively weak end of the year was not enough to derail the S&P's rise in 2024. The index rose 23.31% in 2024 – recording… 57 Close the record All the way – after a 24.2% rise in 2023.

Artificial intelligence stocks were behind much of 2024's gains. Stocks Nvidia It increased by 171%, while Broadcomwhich is a single portfolio manager Named “Nvidia's next in terms of potential outperformance,” jumped 108%.

But doubts await the markets this year. Investors will have to contend with the policies of the incoming Trump administration, and perhaps higher-than-expected interest rates for this year, which in turn keep Treasury yields higher, among other headwinds.

The beginning of 2025 may be bumpy. Belt in.

— CNBC's Robert Hom, Jesse Pound, Gina Francola and Samantha Sobin contributed to this report.

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