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• Dow ends up over 500 points on strong earnings, rise in consumer confidence
  U.S. stocks cemented their biggest daily advance in almost two...
  U.S. stocks cemented their biggest daily advance in almost two weeks on Wednesday as investors reacted to optimistic earnings from Nike Inc. and FedEx Corp., along with a surprisingly strong reading on consumer confidence. The S&P 500 SPX gained 56.82 points, or 1.5%, to finish at 3,878.44, according to Dow Jones Market Data. The Nasdaq Composite COMP advanced 162.26 points, or 1.5%, to close at 10,709.37. The Dow Jones Industrial Average DJIA gained 526.74 points, or 1.6%, to finish at 33,376.48.
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• U.S. existing-home sales fall for a 10th straight month
  The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate...
  The numbers: U.S. existing-home sales fell 7.7% to a seasonally adjusted annual rate of 4.09 million in November, the National Association of Realtors said Wednesday.
  
  This is the 10th straight monthly decline in existing-home sales. The 10-month losing streak is the longest since NAR began tracking sales in 1999.
  
  Economists polled by the Wall Street Journal were expecting existing-home sales to drop to 4.17 million.  The last time existing-home sales fell to this level was in May 2020.
  
  Outside of the pandemic, the level of sales activity was lowest since November 2010, while in the midst of the foreclosure crisis in the United States.
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• Rio Grande LNG moves closer to FID with new supply deal
  NextDecade has signed a contract to sell 1.1 million short tons per year of liquefied natural gas from...
  NextDecade has signed a contract to sell 1.1 million short tons per year of liquefied natural gas from its Rio Grande LNG export facility in Brownsville, Texas, to Portuguese energy company Galp for 20 years, beginning in 2027. NextDecade expects to reach a positive final investment decision on the first phase of the 29.7-million-short-ton-per-year project in the first quarter of 2023.
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• ☕️What Else is Brewing Wednesday Morning
  Ukrainian President Volodymyr Zelensky is preparing to visit Washington, DC, today in what would be...
  Ukrainian President Volodymyr Zelensky is preparing to visit Washington, DC, today in what would be his first trip outside the country since Russia invaded in February. He is expected to meet with President Biden and address Congress.
  
  Sam Bankman-Fried is expected to be brought back to the US today to face charges stemming from FTX’s collapse after he signs extradition papers in a Bahamas courtroom.
  
  Some retailers, such as CVS and Kroger, are limiting the sale of children’s pain relievers. Demand for pediatric pain meds has spiked due to the “tripledemic” of respiratory illnesses spreading right now.
  
  Two Queens, NY, men were arrested for allegedly working with Russians to hack the JFK taxi dispatch system and allow cabs to cut the long airport line for a $10 fee.
  
  
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• Christmas Travel Outlook
  We will not be home for Christmas. Of the 112 million people AAA is expecting...
  We will not be home for Christmas. Of the 112 million people AAA is expecting to travel for the holidays, many of them could face serious delays. A brutal winter storm is expected to start its own holiday journey tonight in the Rockies and carry massive amounts of snow and high winds across the Midwest and to the East Coast before Christmas Eve. Around 5,000 flights could be delayed or canceled because of the storm, forecasters predict. Guess we’ll try to make Easter.
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