News Formal

Stocks Rise on Wall Street at Start of Holiday Week

  • 📰 SooToday
  • ⏱ Reading Time:
  • 43 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 85%

Business News

STOCK MARKET,TECHNOLOGY,AUTOMOTIVE

Major stock indexes rose on Wall Street in afternoon trading Monday, after a choppy start to a holiday-shortened week. The S&P 500 rose 0.6%, while the Dow Jones Industrial Average gained 29 points, or 0.1%. The tech-heavy Nasdaq composite rose 0.8%. Gains in technology and communications stocks helped outweigh losses in consumer goods companies and elsewhere in the market.

Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda’s U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors.

Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.3%. Broadcom climbed 5.5% to also help support the broader market.Japanese automakers Honda Motor and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 13.4%, while Nissan slipped 0.2%.

The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. 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.

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:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street stocks end lower after inflation data, tech stocks push Nasdaq downThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: Tech stocks and AI pull Wall Street to more recordsNEW YORK (AP) — U.S. stock indexes reached more records after tech companies talked up how much artificial intelligence is boosting their results. The S&P 500 climbed 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Wall Street is off to a mixed start as Big Tech stocks fallNEW YORK (AP) — Stocks are off to a mixed start on Wall Street as losses for Big Tech companies offset gains elsewhere in the market. The S&P 500 was down 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Stocks open higher as Wall Street closes out strong NovemberNEW YORK (AP) — Stocks are showing slight gains as Wall Street puts the finishing touches on one of its best months of the year. The S&P rose 0.2% while the Dow Jones Industrial Average is up 146 points, or 0.3%. The Nasdaq rose 0.1%.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Stocks gain as Wall Street closes out strong NovemberNEW YORK (AP) — Stocks are closing with solid gains as Wall Street puts the finishing touches on one of its best months of the year. The S&P rose 0.7% while the Dow Jones Industrial Average was up 188 points, or 0.4%. The Nasdaq added 0.8%.
Source: SooToday - 🏆 8. / 85 Read more »

Premarket: World stocks head for best month since May as Trump trades lift Wall StreetU.S. futures point to a higher open
Source: globeandmail - 🏆 5. / 92 Read more »