Top 10 Market Movers: Tuesday's Stock Market Watchlist

As the stock market prepares for a holiday-shortened week, investors are keeping a close eye on several key developments. Here are the top 10 things to watch in the stock market on Tuesday, December 24, 2024, based on recent news and market trends.

1. Santa Clause Rally Kick-off: With the holiday season in full swing, investors are hoping for a repeat of the traditional Santa Clause rally, which often boosts stock prices in the final weeks of the year. However, trading volumes are expected to be low, which may limit the rally's impact.

2. FDA Lifts Zepbound Shortage: The FDA's decision to lift the Zepbound shortage is expected to benefit Eli Lilly, one of Jim Cramer's 12 core holdings. The weight loss drug's availability should boost the company's earnings and stock price.
3. CrowdStrike and Netflix PT Raises: Analysts at Goldman Sachs and KeyBanc raised their price targets for CrowdStrike and Netflix, respectively. The upgrades reflect optimism about the companies' growth prospects and may drive stock prices higher.
4. Microsoft's Copilot Expansion: Microsoft is reportedly looking to add non-Open AI models to its Copilot lineup, which could diversify its offerings and reduce costs. This development may have implications for the tech giant's stock price.
5. Banks Sue Federal Reserve: Major banks are planning to sue the Federal Reserve over annual bank stress tests, which could have significant implications for the financial sector and the broader market.
6. China's Debt Issuance: China plans to issue over $400 billion in new debt to stimulate its economy, which could have knock-on effects on global markets and investor sentiment.
7. U.S. Steel Deal Review: President Joe Biden is set to review Nippon Steel's bid for U.S. Steel, which could impact the steel industry and related stocks.
8. Home Affordability Crisis: The Wall Street Journal reported that the home affordability crisis is reaching new levels, which could impact housing-related stocks and the broader market.

9. Iran-Irael Tensions: Geopolitical risks, such as the ongoing tensions between Iran and Israel, can impact investor sentiment and market volatility. Keep an eye on developments in the Middle East for potential market reactions.
10. Economic Data Releases: Investors will be watching for key economic data releases, such as consumer confidence, new home sales, and durable goods orders, which can influence market trends and stock performance.

As the stock market enters the final trading days of the year, investors should stay informed about these top 10 market movers and adjust their portfolios accordingly. By monitoring these developments and staying attuned to market trends, investors can position themselves for potential opportunities and mitigate risks.