US stocks closed sharply higher on a triple-witching Friday, with the S&P 500 rising 0,9%, the Nasdaq 100 gaining 1.4%, and the Dow Jones adding more than 180 points, extending gains from the previous session as technology stocks outperformed. The AI-related trade showed signs of recovery, led by Oracle, whose shares jumped more than 7% after TikTok agreed to sell its US operations to a new joint venture involving Oracle and private-equity firm Silver Lake. Micron Technology advanced 7%, building on its 10% surge on Thursday. Also, Nvidia shares climbed more than 3% after Reuters...
The Japanese stock market rebounded at the start of trading, after being pressured the previous day due to concerns about a short-term interest rate hike by the Bank of Japan (BOJ). This time, the banking and insurance sectors were the main drivers of the rally. Mizuho Financial Group shares rose 2.6%, while Dai-ichi Life Holdings gained 2.0%, indicating a recovery in investor buying interest. In the foreign exchange market, exchange rate movements were relatively calm. The USD/JPY pair was around 155.52, little changed compared to Monday's Tokyo stock market close of 155.64. The yen's...
US stocks weakened slightly in early December, with the S&P 500 and Nasdaq each falling about 0.4% and the Dow Jones Industrial Average falling about 0.7%. All three benchmark indexes rebounded from deeper declines earlier in the session due to continued volatility. Caution dominated the market ahead of this week's key economic data releases, including the delayed September PCE report, all before next week's FOMC decision. Bitcoin fell more than 6% to trade below 86,000, extending last month's decline below 90,000 and weighing on broader risk sentiment, dragging down crypto-related...
The STOXX 50 closed little changed at 5,669, while the STOXX 600 fell 0.2% to 575 on the first trading day of December, as traders started the month cautiously after a volatile November that yielded only modest gains for both indices. Airbus shares plunged 5.7%, after falling more than 10% intraday, following reports of a new quality issue affecting dozens of A320 family aircraft. This development came shortly after Airbus announced that most of the other aircraft affected by the software glitch had received the necessary modifications. The defense sector also came under pressure amid hopes...
Wall Street kicked off December on a negative note, with the S&P 500 down 0.7%, the Nasdaq falling 1%, and the Dow Jones losing more than 250 points after a volatile November. Caution dominated markets ahead of several key economic releases this week, including the delayed September PCE report later in the week, all before next week's FOMC decision. Market pricing currently assigns an 87% probability to another 25 bps cut in the federal funds rate. The tech was the worst performing sector, followed by real estate, industrials and communication services while the energy sector managed...
The Hang Seng Index rose 0.7% at 26,033.26 in Hong Kong. The index advanced to the highest closing level since Nov. 17 after the previous session's decrease of 0.3%. Alibaba Group Holding Ltd. contributed the most to the index gain, increasing 2.2%. Sunny Optical Technology Group Co. had the largest increase, rising 6.2%. Today, 71 of 88 shares rose, while 17 fell; all sectors were higher, led by commerce and industry stocks. Source : Bloomberg