NEW YORK — 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%. Friday is an abbreviated trading day -- stock markets close at 1 p.m. ET and the bond market closes an hour later. Investors are waiting to see how willing shoppers are to spend on gifts for the holidays.
In Asian trading, Tokyo's Nikkei 225 index fell 0.4% to 38,208.03 after the government reported that inflation in Tokyo, considered an indicator for national trends, was 2.6% in November, up from 1.8% last month mainly due to a surge in fresh food prices. Core inflation, which excludes fresh food prices, rose modestly to 2.2% year-on-year from 1.8% in October.
South Korea’s Kospi lost 2% to 2,455.91 after the central bank cut its benchmark interest rate on Thursday to relieve pressure on its slowing economy. Australia's S&P/ASX 200 edged 0.1% lower to 8,436.20.
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:
South Africa South Africa Latest News, South Africa South Africa 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: Wall Street opens lower as Big Tech stocks pull backNEW YORK (AP) — Wall Street is feeling the downside of high expectations as Microsoft and Meta Platforms lead U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 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: Wall Street falls again as vaccine makers and tech stocks slideNEW YORK (AP) — U.S. stocks are falling again as their big rally following last week’s presidential election and cut to interest rates continues to fade. The S&P 500 fell 0.7% Friday.
Source: SooToday - 🏆 8. / 85 Read more »
Wall Street Is Counting on Stocks to Rally After Election HurdleA growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&P 500 Index.
Source: BNNBloomberg - 🏆 83. / 50 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 »