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Stock market today (June 24, 2024): World shares are mixed after Wall St closes another winning week | Zimo Zhong

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European markets opened with gains and Asian benchmarks retreated Monday after US stocks coasted to the close of their latest winning week. The future for the Dow Jones Industrial Average edged 0.1% higher and that for the S&P 500 rose 0.2%. France’s CAC 40 added 0.4% to 8,271.

European markets opened with gains and Asian benchmarks retreated Monday after US stocks coasted to the close of their latest winning week.

In Tokyo, the Nikkei 225 index rose 0.5% to 38,804.65, making it the sole major benchmark in Asia to post gains on Monday.Minutes of the Japanese central bank’s last policy meeting released Monday put the yen under renewed pressure as it indicated that “Any change in the policy interest rate should be considered only after economic indicators confirm that, for example, the CPI inflation rate has clearly started to rebound and medium-to long-term inflation expectations have risen.

Nvidia again dragged on the market after falling 3.2%. The company’s stock has soared more than 1,000% since October 2022 on frenzied demand for its chips, which are powering much of the world’s move into artificial-intelligence technology, and it briefly supplanted Microsoft this week as the most valuable company on Wall Street.

 

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