Stock market today: Asian stocks mixed at the start of a holiday-shortened week

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World News Notizia

Brent Schutte,Washington News,Donald Trump

Asian markets are mixed after stocks on Wall Street shook off a choppy start to finish higher on Monday, as it kicked off a holiday-shortened week.

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On Monday, the S&P 500 ended 0.7% higher to 5,974.07 after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain to 42,906.95. The tech-heavy Nasdaq composite rose 1% to 19,764.89. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation.

"Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.

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