It was a great — albeit short — trading week for the U.S. stock market. The S & P 500 added 1.06% on the week while the Nasdaq Composite advanced 1.13% and the Dow Jones Industrial Average rose 1.39%. These gains added to an already stellar month for the market following Donald Trump’s victory in…
The new Trump administration is coming in hot, with mass deportations of undocumented immigrants and threats of triggering a global trade war among its immediate priorities. Fighting continues in Europe and the Middle EastBloomberg Terminal. And bond traders are scaling backBloomberg Terminal bets on lower interest rates as the US economy risks a fresh bout…
China’s residential market sales fell again in November, suggesting the property sector still has some ways to go before it can show a sustained recovery. The value of new home sales from the 100 biggest real estate companies dropped 6.9% from a year earlier to 363 billion yuan ($50 billion), reversing a 7.1% gain in…
Traders work on the floor of the New York Stock Exchange during morning trading on Nov. 26, 2024. Michael M. Santiago | Getty Images The Dow Jones Industrial Average and S&P 500 rose to new heights on Friday amid a shortened trading day that capped a strong month for equities. The S&P 500 added 0.56%…
China’s factory activity continued to expand in November, after a broad package of stimulus measures helped reverse months of contraction. The official manufacturing purchasing managers’ index was 50.3, the National Bureau of Statistics said on Saturday, above the 50 mark that separates expansion and contraction. The median forecast of economists surveyed by Bloomberg was for…
The final trading month of 2024 kicks off in the week ahead, and promises one final push to the finish line to turn this year’s monster rally into one for the history books. A jobs report is on deck as well. Stocks are at or near all-time highs, and as far as investors are concerned,…
Traders work on the floor at the New York Stock Exchange on Nov. 22, 2024. Brendan McDermid | Reuters A new stock exchange launching next year is on track to offer nearly round-the-clock trading on business days, pending final regulatory approvals, 24 Exchange announced late Wednesday. The 24X National Exchange will debut in the second…
The top 10 things to watch Friday, Nov. 29 1. U.S. stock futures are up on the final trading day of November, as the 10-year Treasury pulled back to its lowest level since Oct. 30 and the 2-year hit its lowest level since Nov. 8. Wall Street is on pace for a winning week and month….
Here are the most important news items that investors need to start their trading day: 1. Market leftovers U.S. stocks will have a shortened trading day Friday after the market was closed Thursday for Thanksgiving. Equities fell entering the holiday, as some investors appeared to trim their stakes in major tech names. Still, both the…
How thankful Wall Streeters are this week likely depends on what asset they are paid to trade. For those investing in equities, 2024 has proven unexpectedly good with the S&P 500’s annual gain on course to be one of the best in history. Few expected that back in January when traders and strategists were bracing…