Attendees take a look at the new Microsoft Surface devices following the Microsoft Briefing event in Redmond, Washington on May 20, 2024.
Jason Redmond | Afp | Getty Images
Our top 10 things to watch Tuesday, Dec. 24
1. U.S. stock futures were little changed this morning, while oil, the dollar, and gold were all slightly higher. The 10-yr Treasury yield hit a high of 4.613%, its highest level since May 30, while the 30-yr yield hit a high of 4.808%, its highest level since April 26. All U.S. markets close at 1 p.m. ET. Will the Santa Clause rally kick off today?
2. Just a reminder that trading volumes are going to be low today and likely the rest of the week. That means all price action should be taken with a grain of salt since it may not accurately reflect real buying and selling interest. You can use sharp downward moves in quality stocks as buying opportunities — just don’t get sucked into chasing a trade higher.
3. The FDA said the Zepbound shortage is over — a decision that should prevent compounding pharmacies from making and selling their own versions of Eli Lilly’s blockbuster weight loss drug in the coming months. Eli Lilly is one of Jim Cramer’s 12 core holdings heading into 2025, as it attempts to notch its six straight year of beating the broader market.
