The Market In 5 Minutes: Bitcoin ETFs, GoPro Downgrade, Nvidia Partners With Uber And Volkswagen

IN THE NEWS

Direxion, one of the largest issuers of inverse and leveraged exchange-traded funds, is looking to add bitcoin products to its stable of geared ETFs: Link

In a year when bitcoin stole the spotlight, energy was an underappreciated winner: Link

Hedge fund assets are expected to hit an all-time high in 2018, according to a new Agecroft Partners report: Link

The sale of Intel Corp. INTC stock by Chief Executive Brian Krzanich while the company was handling concerns about security flaws in its chips was a highly unusual move that risked attracting regulatory scrutiny, according to lawyers and analysts who follow executive stock sales: Link $

The iPhone has made Apple Inc. AAPL and Wall Street hundreds of billions of dollars. Now some big shareholders are asking at what cost, in an unusual campaign to make the company more socially responsible: Link $

Nvidia Corp NVDA will partner with Uber Technologies Inc and Volkswagen AG as the graphics chipmaker’s artificial intelligence platforms make further gains in the autonomous vehicle industry: Link

Republicans and Democrats in Congress are once again far apart on a government spending bill with just days to go before a partial shutdown: Link

With progress on deregulation and passage of the tax bill, the Trump administration's pro-growth economic agenda is shifting: Link

ECONOMIC DATA

• The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
• San Francisco Bank President John Williams is set to speak in Washington at 1:35 p.m. ET.
• Data on consumer credit for November will be released at 3:00 p.m. ET.
• Atlanta Federal Reserve Bank President Raphael Bostic will speak in Atlanta at 12:40 p.m. ET.
• Boston Federal Reserve Bank President Eric Rosengren is set to speak in Washington.

ANALYST RATINGS

• Baird upgraded Albemarle ALB from Neutral to Outperform
• JPMorgan upgraded Caterpillar CAT from Neutral to Overweight
• Jefferies downgraded Snap Inc SNAP from Buy to Hold
• KeyBanc downgraded Cirrus Logic CRUS from Overweight to Sector Weight
• Longbow downgraded GoPro GPRO from Buy to Neutral

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.