Good morning. US stocks struggle for direction after mixed jobless claims data. South Korea's political drama continues. And Trump's vow to ensure Bitcoin is US-made may prove challenging. Listen to the day's top stories.
The S&P 500 closed little changed in a quiet post-holiday session, with mixed jobless claims data doing little to alter bets on the Federal Reserve's rate outlook. Recurring applications rose to the highest in more than three years, even as weekly initial claims slipped. Bitcoin fell as traders begin to reduce their risk exposure with this year's record-breaking rally drawing to a close. China's data was downbeat. The country's finance and property companies had shrinking workforces for the first time in recent years, reflecting the damage caused by a housing market collapse and regulatory probes.