Today's stock market is showing mixed signals:
Investors remain cautious, balancing economic data releases with geopolitical concerns. Tech stocks are under pressure, while Alphabet (Google) and Meta Platforms showed gains, supported by positive investor sentiment
TECH & BUSINESS HOME
12/11/20242 min read
S&P 500: Down slightly by 0.30%, closing at 6,034.91, reflecting a cautious sentiment among investors
.
Dow Jones Industrial Average: Dropped 0.35% to 44,247.83, weighed down by losses in tech and industrial sectors
.
Nasdaq: Experienced a sharper decline, with key tech stocks like Nvidia and Micron Technology falling by 2.69% and 4.59%, respectively, due to profit-taking following their strong recent rallies
.
Global Markets: European indices were relatively stable, with FTSE 100 up by 0.01%, while Asian markets saw modest losses, reflecting ongoing uncertainty about China's economic policies
Global Markets Slip Amid Inflation and Rate Decision Concerns
Stock markets globally edged lower as investors tread cautiously ahead of critical U.S. inflation data and a rate decision in Canada:
Europe: The Euro STOXX 600 index declined 0.3%, weighed by underwhelming corporate earnings and uncertainty about the Federal Reserve’s next move
Asia: The MSCI Asia ex-Japan index fell 0.4%, pressured by concerns over China's potential yuan depreciation and its broader economic implications
Currency Markets: The U.S. dollar index climbed to 106.48, maintaining strength near a two-week high, as Asian currencies, including China's yuan and the Korean won, slipped. The yuan weakened 0.3% to 7.2803 against the dollar, reflecting worries over China's trade strategies
U.S. Futures: S&P 500 futures remained steady as investors awaited U.S. inflation data, expected to show a 0.3% month-on-month increase in consumer prices for November
.
The anticipation of U.S. Federal Reserve actions and concerns about China's economic direction remain dominant market forces.
S&P 500: Down slightly by 0.30%, closing at 6,034.91, reflecting a cautious sentiment among investors
.
Dow Jones Industrial Average: Dropped 0.35% to 44,247.83, weighed down by losses in tech and industrial sectors
.
Nasdaq: Experienced a sharper decline, with key tech stocks like Nvidia and Micron Technology falling by 2.69% and 4.59%, respectively, due to profit-taking following their strong recent rallies
.
Global Markets: European indices were relatively stable, with FTSE 100 up by 0.01%, while Asian markets saw modest losses, reflecting ongoing uncertainty about China's economic policies