HONG KONG — World shares advanced on Friday after Wall Street roared higher on bets that market-rattling interest rate hikes are coming to an end.Germany’s DAX gained 0.3% to 15,184.05 and the CAC 40 in Paris added 0.2% to 7,076.01. Britain’s FTSE 100 was up 0.2% at 7,464.21.
The S&P 500 leaped 1.9% Thursday in its fourth straight winning day and is already up 4.9% this week. The Dow Jones Industrial Average jumped 1.7% and the Nasdaq composite climbed 1.8%.Hong Kong’s Hang Seng added 2.6% to 17,687.00, while the Shanghai Composite gained 0.7% to 3,030.80. Tokyo markets were closed for a holiday.
Longer-term Treasury yields fell. The yield on the 10-year Treasury remained at 4.67% early Friday from more than 5% last week, when it reached its highest level since 2007. A separate report said slightly more U.S. workers applied for unemployment benefits last week than expected. That’s bad news for those workers, but a cooler job market also could relieve price pressures.
'Biden has made it worse': This hedge fund billionaire just issued a serious warning about the economy — says the S&P 500 will 'go nowhere' for a very long time. Is he right?Weak stocks can sell off through December. So, investors need to focus on the long term and consider accumulating shares of good businesses. The post Tax-Loss Selling: 2 Dividend Stocks That Could Get a Lot Cheaper Before 2024 appeared first on The Motley Fool Canada.
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