The three major U.S. indexes are in the green week to date after posting strong back-to-back gains at the start of the shortened holiday week. The S&P 500 is up 1.8% so far this week. The broad market index posted its best Christmas Eve performance since 1974 on Tuesday, according to Bespoke. The Dow has gained 1.1% this week, and a run-up in megacap tech stocks has pushed the Nasdaq Composite 2.3% higher.
In December, the Nasdaq is on pace for a 4.2% advance, lifted by a jump in Tesla and Alphabet shares, as well as by a rally in Apple that's brought the iPhone maker closer to a $4 trillion market cap. The S&P 500 is toting a nearly 0.1% gain on the month. The Dow is on pace for its worst month since April, with a roughly 3.5% decline.
Friday is the first full trading session for major European indexes after closures over the Christmas holiday. The London-based researcher is sticking with the projection even though"we think Fed policy will be a bit less accommodative than we had previously projected," and a selloff in bonds drove last week's weakness in stocks.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific Stocks End 2024 on a High Note, But South Korea Lags BehindMost Asia-Pacific markets closed the year in positive territory, fueled by easing monetary policy and a surge in tech stocks. South Korea, however, was the only major market to decline, hampered by economic uncertainties and political instability.
Source: CNBC - 🏆 12. / 72 Read more »
Asia-Pacific Stocks End 2024 on a High Note, South Korea Lags BehindAsia-Pacific stocks enjoyed a successful year in 2024, with most significant markets gaining ground. This positive performance was fueled by accommodative monetary policies implemented by central banks in the region and a surge in tech stocks driven by the AI boom. However, South Korea stood out as the only major Asian market to experience a decline in value, attributed to factors such as tariff concerns and the uncertain political landscape following President Yoon Suk Yeol's impeachment. Analysts predict that the trajectory of Asian markets in 2025 will be heavily influenced by the economic policies of the U.S. and China, with the potential for continued growth if monetary easing persists and the AI sector maintains its momentum.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Asia Pacific Stocks End 2024 on High Note, But South Korea Lags BehindThe Asia-Pacific stock market finished 2024 strong, with most major markets seeing gains. Central bank easing and an AI boom fueled the positive performance. However, South Korea was the only major Asian market to end the year in negative territory.
Source: nbcchicago - 🏆 545. / 51 Read more »