Stocks are coming off a losing week, with trading set to be shortened to mourn the death of former President Jimmy Carter, and the December jobs report due on Friday.President Joe Biden signed a bill to increase Social Security benefits for millions of Americans who also receive public pension income.U.S. stock futures ticked higher Monday after a losing week for the major averages.
, shares of chipmakers includingstarting early Monday, with much of the country set to see snow, ice and falling temperatures. The National Weather Service put out winter storm warnings from Kansas in the Midwest as far east as New Jersey. School districts around the country were canceling or delaying classes, while airlines started to cancel some flights. Snow stranded motorists in some parts of the country.U.S.
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Asia-Pacific Markets Rise Despite Tech Stocks Drag, China to Impose Export RestrictionsAsia-Pacific markets open higher on Friday, defying Wall Street's losses. China plans interest rate cuts and export restrictions on battery and mineral technology. South Korea's political uncertainty persists as arrest warrant is sought for impeached President Yoon Suk Yeol.
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European Stocks Rise Despite Economic UncertaintyEuropean stock markets opened higher on Monday, but concerns about the global economy and rising taxes remain.
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Stocks Rise Despite Shortened Week, Biden Signs Social Security BillU.S. stock futures climbed on Monday, defying a losing week for major averages. Trading will be shortened this week due to the death of former President Jimmy Carter. Investors await the December jobs report for insights into the economy's strength. Meanwhile, President Biden signed a bill to increase Social Security benefits for recipients with pension income.
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US stocks usually rise in December, Morgan Stanley saysUS stocks usually rise in December, Morgan Stanley says
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China stocks rise amid broader gains in Asia markets as Beijing's stimulus pledge boosts sentimentTraders in Asia react to Beijing’s promise of “more proactive” fiscal measures and “moderately” looser monetary policy next year.
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