1. Bitcoin chills: Bitcoin prices are slumping again after South Korea announced a clampdown on the cryptocurrency. The country's government said Thursday it was putting in place measures to cool speculation in bitcoin, which has surged by more than 1,300% in 2017.
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| Where U.S. stocks are heading | | Dow
Futures | | Nasdaq
Futures | | S&P
Futures | | +43.00 | | +15.25 | | +2.25 | | +0.17% | | +0.24% | | +0.08% | | | |
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| | | Japan | | China | | U.K. | | Nikkei 225 | | Shanghai Composite | | FTSE 100 | | -127.23 | | +20.60 | | +7.74 | | 22,783.98 | | 3,296.38 | | 7,628.42 | | -0.56% | | +0.63% | | +0.10% | | | |
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| | | Biggest Winners | | Celgene Corp | +0.68% | | | | Micron Technology Inc | +0.61% | | | | Cisco Systems Inc | +0.57% | | | | AT&T Inc | +0.54% | | | Biggest Losers | | Michael Kors Holdings Ltd | -0.93% | | | | Western Digital Corp | -0.06% | | | | | | | |
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| News: What you need to know about the markets | | | | | | | Bitcoin chills; U.S. dollar dips; Stocks steady | By Alanna Petroff
Thursday, December 28th, 5:02am | | | | 1. Bitcoin chills: Bitcoin prices are slumping again after South Korea announced a clampdown on the cryptocurrency. | | | | The country's government said Thursday it was putting in place measures to cool speculation in bitcoin, which has surged by more than 1,300% in 2017. | | | | The measures include a ban on opening anonymous virtual currency accounts and new laws giving authorities the power to shut down digital currency exchanges. | | | | Bitcoin's value plunged more than 10% to below $14,000 on Thursday morning in Asia, according to CoinDesk.com, and continues to be volatile. | | | | 2. Dollar dip: The U.S. dollar has been steadily weakening this year and the trend is continuing this morning. The greenback is down by about 0.4% versus many major global currencies, including the euro, British pound and Canadian dollar. | | | | The U.S. dollar index -- which tracks the dollar's performance versus global currencies -- is down by about 11% from its peak at the start of the year. | | | | Before the Bell newsletter: Key market news. In your inbox. Subscribe now! | | | | 3. Global stock market overview: U.S. stock futures are indicating stocks could have a positive day on Thursday, but the gains could be very small. | | | | European markets are mostly dipping in early trading, though the moves are modest. | | | | Most Asian markets ended the day with gains. | | | | This follows quiet holiday trading in the U.S. The Dow Jones industrial average, S&P 500 and Nasdaq all eked out tiny gains on Wednesday. | | | | Trading volume at this time of year is usually low. | | | | The top U.S. indexes are all up by 20% to 29% in 2017. | | | | | | | |
| | | | | | Thursday -- Weekly U.S. crude inventories report out at 11 a.m. ET
Friday -- Russia reports latest quarterly GDP | | | | | | | |
| Key Market Stats | Latest | Today's Change | | | Oil | $59.72 | +0.08 / +0.13% | | | Gold | $1,294.90 | +3.50 / +0.27% | | | 10-yr | 2.41% | -0.05 / -2.15% | | | Euro | $1.19 | +0.00 / +0.25% | | | |
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