Wall Street opened modestly higher as investors awaited new inflation data and the start of earnings season, with S&P 500 and Dow futures up 0.3%. KB Homes surged over 9% after exceeding sales and profit targets, while Signet Jewelers fell more than 11% due to disappointing sales and lowered guidance.In global markets, Japan’s Nikkei 225 dropped 1.8%, while Hong Kong’s Hang Seng and Shanghai Composite rose 1.8% and 2.5%, respectively, buoyed by regulatory support for market stability in China. Oil prices dipped slightly, and Bitcoin saw a 3% increase after recent declines.
about Wall Street Gains Ahead of Inflation Data and Earnings Season KickoffYeap Jun Rong
0 posts last weekGlobal Markets Rise as Chinese Shares Gain Amid Economic Support Pledge
Global markets showed mixed results, with European indices rising while Japan’s Nikkei 225 fell 1.8% after a holiday. Chinese shares surged following a pledge from regulators to stabilize the market, contributing to gains in Hong Kong and Shanghai. U.S. stocks faced pressure as traders reassess expectations for Federal Reserve interest rate cuts amid persistent inflation.
about Global Markets Rise as Chinese Shares Gain Amid Economic Support Pledge