Stock market today: Indexes edge lower in first trading day after Christmas
Indexes fell in their first trading day after Christmas as traders hope for a so-called Santa Clause rally to propel markets higher into the new year.
Indexes fell in their first trading day after Christmas as traders hope for a so-called Santa Clause rally to propel markets higher into the new year.
The three U.S. stock indexes were all nearly unchanged, paring mild early declines and interrupting what looked early this week like a nascent "Santa Claus rally," in which shares get a seasonal boost from low liquidity, tax-loss harvesting and investment of year-end bonuses. With only a handful of trading days remaining in the year, the Nasdaq, S&P 500 and the Dow have scored respective gains of 33%, 26% and 14% in 2024. The major concerns for 2025 are the extent of the Fed's monetary easing, Trump's tariffs and other policies, and various geopolitical tensions.
(Bloomberg) -- While political crisis looms large over South Korea’s $1.6 trillion equity market heading into 2025, the artificial intelligence boom and Donald Trump’s presidency remain key factors for stock pickers.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayMigrant Crisis Pushed US Homelessness to Record High in 2024The ongoing “Corporate Value-Up” campaign is another top theme in what is one of the world’s worst-performing stock markets. Companies conti
(Bloomberg) -- It’s a wonder three little headlights can stir up such debate. But that’s what many netizens in China have been driven to comment on following the launch of Nio Inc.’s newest sub-brand, Firefly.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe electric hatchback was unveiled last weekend at Nio’s annual gathering for its customers, partners and media. The compact car will start from 148,800 yuan ($20,400) and features a rather plain design pun
The S&P 500 looks like it's at "overbought" levels, according to a Wells Fargo strategist.
U.S.-traded shares of Toyota Motor surged Thursday following a report from Nikkei that the carmaker is aiming for a 20% return on equity.
Ryde Group Ltd. (AMEX:RYDE) shares are trading higher on Thursday after the company disclosed the renewal of its full ride-hail and carpool service operator licenses for three years in Singapore. As Singapore’s transportation landscape evolves, Ryde uses technology and AI-driven algorithms to enhance the commuting experience. Subashini Thanakodi, Associate Director of Operations, said, “We are deeply honored to have achieved this milestone, which reflects Ryde’s commitment to creating sustainabl
Mortgage rates have remained elevated along with inflation - and there are signs it will continue in 2025.
Shares of the popular meme stock GameStop (GME) (GME) increased on Thursday afternoon after Keith Gill, the investor popularly known as “Roaring Kitty,” shared an image of a wrapped Christmas present on X.
Apple shares closed at an all-time high Thursday after Wedbush analysts raised their price target for the stock, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.