U.S. stocks moved higher on Monday as investors tracked the latest developments in trade and awaited the start of big tech earnings this week. The S&P 500 rose 0.4%, and the Nasdaq Composite jumped 0.7%. Both indexes had hit new all-time intraday highs during the session. The Dow Jones Industrial Average, meanwhile, ticked up by 98 points, or 0.2%. The market was bolstered by moves in major technology names. Alphabet increased more than 2%, while Apple rose almost 2%. Others like Meta Platforms advanced more than 1%. Trade was once again in focus as the White House reiterated its...
The Dow Jones Industrial Average jumped on Wednesday as traders looked ahead to the Federal Reserve's December interest rate decision. The Dow was higher by about 126 points, or 0.2%. The 30-stock average posted a nine-day losing streak on Tuesday, its longest since 1978. If the Dow were to fall for a 10th day on Wednesday, it would be its worst losing streak since an 11-day slide in 1974. The S&P 500 inched up 0.1%. The Nasdaq Composite was higher by 0.07%. Nvidia which fell into correction territory earlier this week, climbed more than 4%. Nvidia entered the Dow last month....
US stocks were mixed on Wednesday, with the S&P 500 trading around the flatline and the Nasdaq down 0.1% while the Dow Jones rose about 90 points, ending a nine-session losing streak, its longest since 1978. Investors are focused on the upcoming FOMC decision later in the day, where the Fed is widely expected to announce a 25bps cut to the federal funds rate. Additionally, the Fed will release its latest economic projections, including the closely watched "dot plot" that outlines policymakers' expectations for future interest rate moves. On the corporate side, Nvidia shares rose nearly...
The Hang Seng rose 164 points, or 0.9%, to close at 19,865 on Wednesday, snapping a three-session slide. The rally was driven by a significant increase in U.S. interest rate futures as investors anticipated a 25bps rate cut by the Fed later in the day and its outlook for a reduction in 2025. The index rebounded from its lowest level in more than a week amid indications that China will boost fiscal spending in 2025 by raising its budget deficit to a record 4% of GDP, up from 3% this year. Meanwhile, Chinese regulators have asked state-owned companies to boost their market value through...
European stocks opened higher on Wednesday as investors await the latest monetary policy decision by the U.S. Federal Reserve. Traders are pricing in a 95% chance of a quarter-point cut on Wednesday, according to CME Group's Fed Watch tool. Investors will also be looking closely at the Fed's Summary of Economic Projections and Fed Chair Jerome Powell's press conference, for clues on what might happen in the coming months. The central bank is widely expected to temper runaway expectations for further interest rate cuts in the coming year, especially as inflation remains stubbornly...
The Nikkei 225 index fell 0.72% to close at 39,082 while the broader Topix index fell 0.31% to 2,720 on Wednesday, with Japanese shares falling for a fourth straight session and tracking losses on Wall Street overnight as investors braced for the U.S. Federal Reserve's policy announcement. At home, traders analyzed data showing Japan's export growth accelerated to a three-month high in November, while imports unexpectedly fell. Attention also turned to this week's Bank of Japan policy meeting, where the central bank may hold off on raising interest rates as policymakers take time to assess...