US President Donald Trump is set to impose 25% tariffs on goods from Canada and Mexico, prompting concerns about potential global stock market impacts. The uncertainty surrounding his decisions, including possible retaliation and effects on various sectors, has left traders on high alert, particularly in the automotive industry. Despite the tariff threats, the S&P 500 has seen only a modest increase, while other equity benchmarks have performed better, reflecting a market that has largely priced in the tariff risks.
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Asian shares rise as Wall Street hits record high on tech gains
Asian shares rose as technology stocks propelled Wall Street to another record, with the S&P 500 hitting an all-time high for the 54th time this year. Japan’s Nikkei 225 jumped 1.8%, while Super Micro Computer soared 28.7% amid AI-driven market dynamics. The Dow fell 0.3%, and upcoming U.S. job market reports could influence Federal Reserve decisions on interest rates.
read moreStock Market Reacts to Tariff Threats and CEO Departures Amid Economic Updates
Rising tech stocks propelled Wall Street to new records, with Microsoft and Meta Platforms leading gains. Intel’s stock fell after CEO Pat Gelsinger’s retirement, while Stellantis dropped 6.3% following its CEO’s departure amid sales struggles. The S&P 500 rose 14.77 points, while the Dow fell 128.65 points.
read moreUS job market shows signs of growth amid mixed stock performance
Employers ramped up hiring in November, rebounding from October’s sluggish growth impacted by hurricanes and strikes. In financial markets, Chinese stocks surged due to improved manufacturing conditions, while U.S. tech stocks drove Wall Street to another record, despite mixed performances from major retailers. The dollar strengthened against several currencies amid tariff threats from President-elect Trump, as the bond market remained steady ahead of key job market reports.
read moreParis stock market declines amid budget concerns and Stellantis CEO resignation
Paris’s stock market opened lower on Monday, with the CAC 40 index declining 1.1 percent to 7,151.18 points amid concerns over a crucial vote on France’s budget that could destabilize the government. Shares of Stellantis plummeted over seven percent following the unexpected resignation of CEO Carlos Tavares.
read moreWall Street Hits Record Highs as Banks Drive Market Gains
Wall Street closed its record-setting week with the S&P 500 rising 0.6% and the Dow Jones up 1%, both reaching new highs. Strong earnings from banks like Wells Fargo and JPMorgan Chase boosted the market, while Tesla’s 8.8% drop weighed on the Nasdaq. In economic news, mixed inflation data influenced expectations for a Federal Reserve interest rate cut.
read moreU S Stocks Near Record Levels as Banks Report Strong Profits
U.S. stocks are near record levels, with the S&P 500 up 0.2% and the Dow Jones gaining 142 points after major banks reported stronger-than-expected profits. JPMorgan and Wells Fargo saw significant stock increases, while Tesla’s shares fell 9% following the announcement of its robotaxi. In global markets, Japan’s Nikkei rose, but Chinese stocks declined sharply ahead of anticipated fiscal stimulus plans from China’s Finance Ministry.
read moreFederal Reserve Rate Cut Anticipated as Market Reacts to Key Developments
The Federal Reserve is set to cut interest rates for the first time in four years, with market expectations divided on the size of the cut. In other news, the EU court overturned a $1.7 billion fine against Google, while the UAW plans a strike vote against Stellantis. Microsoft is launching a $30 billion AI infrastructure fund with BlackRock, following a series of positive stock movements.
read moreStocks Decline After Federal Reserve’s Significant Rate Cut Announcement
Stocks dipped after the Federal Reserve’s first rate cut in four years, lowering the federal funds rate by 50 basis points to a target range of 4.75% to 5.00%. Despite a positive housing market outlook, the Fed anticipates another 50 basis point cut by year-end, with unemployment projected to rise to 4.4%. In corporate news, Super Micro Computer’s stock fell slightly despite a bullish rating from Needham, while Microsoft and BlackRock announced a $100 billion investment in AI infrastructure.
read moreKey Market Updates Ahead of Federal Reserve Rate Cut Announcement
The Federal Reserve is expected to cut interest rates for the first time in four years, with market participants divided on the size of the cut. In other news, the EU court overturned a $1.7 billion fine against Google, while the UAW plans a strike vote against Stellantis. Microsoft is launching a $30 billion AI infrastructure fund with BlackRock, and the DOT has approved Alaska Air’s $1.9 billion acquisition of Hawaiian Holdings with conditions.
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