Earlier:
China is working on a $143 billion monetary support plan for China’s semiconductor industry, according to Reuters.
Germany’s Consumer Price Index for November was in line with expectations and showed a welcome deceleration on a year-over-year basis (10.0% versus 10.4% prior).
Sam Bankman-Fried has been arrested in the Bahamas, which means he will not be testifying at today’s House hearing on the collapse of FTX.
Treasury yields are inching lower. The 2-yr note yield is down two basis points to 4.37% and the 10-yr note yield is down three basis points to 3.58%.
The NFIB Small Business Optimism survey rose to 91.9 in November from 91.3 in October.