Reuters news agency reported today (Dec 28) that the US stock market ended slightly positive on Wednesday (Dec 27), with the Dow Jones closing up 111.19 points, while the S&P 500 index neared record highs.
The Dow Jones Industrial Average rose 111.19 points, or 0.3%, to 37,656.52. The S&P 500 added 6.83 points, or 0.14%, to 4,781.58 and the NASDAQ Composite added 601 points, or 0.14%, to 5901.24. .
All 3 major US stock indices move in positive and negative territory. Before closing the market in positive territory throughout today's trade and likely to increase on a monthly, quarterly and yearly basis, the S&P 500 index closes below its record high of 4,796.56 points on January 3, 2022, with only 0.3% remaining, while the Dow Jones index sets a new record high. . Again
Meanwhile, US consumer price index (PCE) data came in lower than expected on Friday. Helping boost investor confidence The US Federal Reserve will start cutting interest rates for the first time in March next year. This helps support stocks that are sensitive to interest rates. And Wall Street's major indexes closed higher.
Among the 11 groups of stocks calculated in the S&P 500 index, real estate stocks were found. Energy stocks closed sharply higher while crude oil prices fell
Shares of Bit Digital closed up 18.6% after it announced plans to double its bitcoin mining capacity, while Coherus Bioscience closed up 23.6% after the US Food and Drug Administration. Shares of FirstWave Biopharma closed up 49.6% after the drug developer announced approval of a drug delivery device to treat infections. agreed to sell the appendicitis drug to an unnamed company;
According to CME's FedWatch tool, investors are 73.9% betting the central bank will cut interest rates by 0.25% at its monetary policy meeting in March. 2567
“Avid gamer. Social media geek. Proud troublemaker. Thinker. Travel fan. Problem solver.”