• How did the jobless claims data impact Treasury yields?
• Why are Amazon and Starbucks workers striking?
• What is Toyota’s new ROE target?
MARKET MOVEMENTS
Dow Jones
S&P 500
Nasdaq
43,173.86(-0.28%)
6,022.11(-0.35%)
19,973.01(-0.29%)
Opening price as of 12/26/2024 compared to last close
IN THE HEADLINES
10-Year Treasury Yield Hits 4.6% After Jobless Claims Data
On Thursday, Treasury yields increased, with the 10-year rate rising by 5 basis points to 4.633%, as investors assessed new jobless claims data. Claims for the week ending December 21 totaled 219,000, slightly below forecasts, while continuing claims reached their highest level since 2021. The increase in yields reflects broader market reactions to the Federal Reserve’s reduced rate-cut expectations for 2025. Read more
Starbucks and Amazon Workers Strike Nationwide Amid Labor Disputes
Strikes by Starbucks workers and Amazon delivery drivers have spread to dozens of U.S. cities amid disputes over wages, benefits, and labor contracts. Starbucks Workers United alleges that the coffee chain failed to fulfill its commitment to reach a deal by year-end, while Amazon workers, supported by the Teamsters, are demanding recognition as employees and improved working conditions. Both strikes highlight growing labor unrest in critical industries during the holiday season. Read more
Toyota Shares Rise After Report on 20% ROE Target
Toyota shares surged 6% following reports that the automaker plans to double its return-on-equity (ROE) target to 20%. Analysts anticipate that the company will boost profit margins and increase shareholder returns through strategies such as dividends and buybacks. Despite a plateau in global sales, Toyota’s stock has climbed more than 20% this year. Read more
TradeUP TIDBITS
More than 90% of 401(k) Plans Now Offer Roth Contributions – But Only 21% of Workers Take Advantage
Over 90% of 401(k) plans now offer a Roth savings option, up from 62% a decade ago, yet only 21% of eligible workers utilized it in 2023. Roth 401(k)s allow for tax-free withdrawals in retirement, making them particularly attractive for individuals early in their careers or those in lower tax brackets. The Secure 2.0 law, which takes effect in 2026, will require high earners to make catch-up contributions to Roth accounts, further boosting adoption. Experts advise diversifying between Roth and pretax savings to provide tax flexibility in retirement.
Contributions made to retirement accounts (such as a 401(k)) before taxes are deducted from your income. These contributions reduce your taxable income for the year, lowering your tax bill in the short term. However, you’ll pay taxes on the withdrawals when you retire.
TradeUP Securities, Inc. is a member of FINRA/SIPC and regulated by the US Securities and Exchange Commission. Registered office: 437 Madison Ave 27th Floor New York, NY, 10022. For further information about TradeUP Securities, Inc., see FINRA BrokerCheck. For further information about SIPC insurance coverage for accounts at TradeUP Securities, Inc., see www.sipc.org or request an explanatory brochure from TradeUP Securities, Inc..
All investments involve risk, including possible loss of principal. Past performance of a security, market, or financial product does not guarantee future results. Electronic trading poses unique risk to investors. System response and access times may vary due to market conditions, system performance, and other factors. Market volatility, volume, and system availability may delay account access and trade executions.
No content on the website shall be considered a recommendation or solicitation for the purchase or sale of securities, futures or other investment products. All information and data on the website are for reference only and no historical data shall be considered as the basis for judging future trends.
Comments are closed.