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❄️ How an Arctic Blast Could Send Natural Gas Prices Even Higher
Plus, read why mortgage rates continue to rise, and more
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It’s Friday! An arctic blast sweeping across the U.S. is driving up natural gas prices as heating demand surges and energy markets react. Find out which stocks are gaining momentum and how this weather event could shape the market ahead. Also, learn what’s driving home mortgage rates higher.
—Josh Enomoto
Plus, if you’re interested in identifying market trends and cycles, check out today’s sponsor.
MARKET RECAP
Yesterday: Stocks edged lower Thursday, reversing earlier gains as global markets traded mixed. Bond yields fell to 4.56%, while oil and gold climbed higher. Investors weighed jobless claims and manufacturing data as the labor market shows signs of steady normalization.
On Our Radar: Later this morning, analysts will tune into comments by Richmond Fed President Tom Barkin. Next week will see several important economic reports, including the U.S. trade deficit.
TOP STORY
Frigid conditions across the U.S. are driving up natural gas prices as demand for heating fuel spikes.
SPONSORED CONTENT
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FIVE ZINGERS
Stalled Engine: Tesla saw its shares tumble on Thursday following the company's Q4 production and delivery figures. Learn why despite the disappointing numbers, management is optimistic about full-year 2024 results.
Sales Strain: Apple shares declined Thursday as the company rolled out iPhone discounts in China to address falling market share. Learn why Apple’s latest move reflects deeper concerns about competition in a key market.
Tax Break: The IRS issued temporary relief allowing crypto holders to bypass the FIFO accounting method for CeFi exchanges in 2025. Read why this move could help investors manage tax liabilities more effectively.
Looming Ban: TikTok faces a potential U.S. ban set for Jan. 19, leaving creators and advertisers on edge. Learn why Trump’s latest move could shift the fate of the platform and its millions of users.
Going Green: Xcel Energy secured a 20-year license extension for its Monticello nuclear plant, advancing its carbon-free electricity goals. Here's why this decision strengthens economic growth in the Upper Midwest.
ONE FOR THE ROAD
The new year brought little cheer for prospective U.S. homebuyers, as mortgage rates surged to their highest level in six months.
The average interest rate on 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less climbed to 6.97% in the week ending Dec. 27, 2024, up from 6.75% the previous week, according to data released Thursday by the Mortgage Bankers Association.
This marks the steepest rates since early July, as long-term Treasury yields remain elevated following the Federal Reserve's hawkish monetary stance.
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