The Rundown Tesla Looks to End 3-Day Skid, Pharma Stock Plunges 50% After Pfizer Ends Partnership
24 snips
Dec 31, 2024 The podcast dives into the strong overall market performance with a notable 24% gain in the S&P 500. It highlights Vistra's rise due to increased demand for nuclear energy and the struggles faced by Tesla with recent stock declines. A cybersecurity breach at the U.S. Treasury is discussed, revealing escalating U.S.-China tensions. The troubling fall of Sangamo Therapeutics after Pfizer's partnership ends adds to the market's volatility. There's also a nod to the growing popularity of ETF investments.
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Generational Market Run
- Despite a potential down December, the S&P 500 saw a 24% gain in 2024, matching its 2023 performance.
- This marks the best two-year gain for the index since 1998, indicating a strong market run.
S&P 500 Top Performers and Losers
- Palantir led the S&P 500 with a 360% gain, while Walgreens experienced a significant 63% drop.
- Big tech, known as the magnificent seven, contributed 57% of the S&P 500 gains, down from 65% in 2023.
Gold and Bitcoin Performance
- Gold outperformed the S&P 500 in 2024, boasting a 26% gain, its best in over a decade.
- Bitcoin also saw a substantial gain of 110%, although lower than its 150% surge in 2023.