Market Brief 27 November, 2024
Good evening, investors and traders! The markets are experiencing a mixed day, with the S&P 500 Index (GSPC) down by -0.35% to 5,999.75 and the Nasdaq 100 Index (NDX) down by -0.85% to 20,766.8. A US appeals court has overturned sanctions against Tornado Cash, a cryptocurrency mixer, which could have significant implications for crypto privacy. The US Treasury is considering giving the Commodity Futures Trading Commission (CFTC) oversight of crypto, which could reshape the industry landscape. Meanwhile, a Chinese company, SOS Limited, has announced plans to invest up to $50 million in Bitcoin, signaling growing institutional interest in the cryptocurrency. The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, came in at 2.3% year-over-year, which could influence the Fed's future rate decisions.
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