-
Nasdaq: The Nasdaq Composite reached a record high on Monday, December 16, 2024, closing at 20,173.89, a 1.2% increase. This surge was driven by gains in major tech companies, including Tesla, Google, Amazon, and Apple.
Yahoo Finance -
S&P 500: The S&P 500 also saw an uptick, rising by 0.4% to close at 5,375.32. Investors are closely monitoring the Federal Reserve's upcoming meeting, with expectations of a quarter-point rate cut.
Investors -
Dow Jones Industrial Average: The Dow Jones experienced a slight decline, falling by 0.3% to 39,737.26. Market participants are awaiting the Federal Reserve's decision and its 2025 projections, which are anticipated to influence future market directions.
Investors
Asian Markets:
-
Japan: Tokyo's Nikkei 225 index rose by 0.2%, buoyed by technology shares such as SoftBank Group Corp. SoftBank's additional $100 billion investment in U.S. projects contributed to this positive movement.
Associated Press -
China: In contrast, Chinese markets faced declines; Hong Kong's Hang Seng dropped by 0.4%, and the Shanghai Composite decreased by 0.6%. These downturns are attributed to investor caution ahead of the Federal Reserve's meeting.
Associated Press
Corporate Developments:
-
Nvidia: The company's stock declined by 1.7%, triggering a sell signal due to a 7% loss from its 140.76 buy point and continued movement below its 50-day line. Investors are advised to monitor this stock closely.
Investors -
Broadcom: The company's stock surged, contributing to the Nasdaq's record performance. Positive earnings reports have bolstered investor confidence in Broadcom's growth prospects
Add comment
Comments