BBC Gossip
  • Home
  • Health
  • News
  • Crime
  • Local News
  • People
  • Guest Post
BBC Gossip
BBC Gossip
  • Home
  • News
  • Health
  • People
  • Celebrities
  • Crime
  • Entertainment
  • Finance
  • Guest Post
Home Today’s stock market update: Some Asian stocks are higher while others are lower following Nasdaq reaching an all-time high before the Federal Reserve’s meeting
  • Local News

Today’s stock market update: Some Asian stocks are higher while others are lower following Nasdaq reaching an all-time high before the Federal Reserve’s meeting

    Stock market today: Asian shares are mixed after Nasdaq sets a record ahead of Fed meeting
    Up next
    Justin Timberlake's Concert Wardrobe Malfunction Is Going Viral
    Justin Timberlake’s wardrobe mishap during a concert is gaining widespread attention.
    Published on 17 December 2024
    Author
    BBC Gossip

    BANGKOK – Shares were mixed in Asia on Tuesday after the Nasdaq set a record ahead of a meeting by the Federal Reserve later this week that could set the direction for markets in the new year.

    U.S. futures were higher and oil prices fell.

    Tokyo’s benchmark Nikkei 225 index gained 0.2% to 39,528.23, helped by gains in technology shares including SoftBank Group Corp., whose CEO Masayoshi Son joined President-elect Donald Trump in announcing plans Monday by the Japanese technology and telecoms giant to invest $100 billion in U.S. projects over the next four years.

    SoftBank’s U.S. listed shares closed 0.6% higher.

    Chinese markets slid further, with Hong Kong’s Hang Seng index losing 0.4% to 19,725.08. The Shanghai Composite index shed 0.6% to 3,366.89.

    Investors have appeared disappointed over Beijing’s latest announcements about policies aimed at buttressing economic growth and encouraging more consumer demand.

    “In China, recent disappointing data continues to pressure domestic policymakers to intensify their policy stimulus to invigorate domestic demand,” Stephen Innes of SPI Asset Management said in a commentary.

    South Korea’s Kospi sank 1% to 2,465.76 as authorities were pushing to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree of last week. The country’s Constitutional Court began its first meeting Monday on Yoon’s case to determine whether to remove him from office or reinstate him.

    Australia’s S&P/ASX 200 gained 0.8% to 8,314.10, while the Taiex in Taiwan was up 0.2%. In Bangkok, the SET edged 0.2% lower.

    On Monday, U.S. stock indexes drifted amid mixed trading.

    The S&P 500 rose 0.4% to 6,074.08 and the Nasdaq composite climbed 1.2% to a record close of 20,173.89. The Dow Jones Industrial Average lagged, giving up 0.3% to 43,717.48.

    Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations thanks to the wave of enthusiasm about its artificial-intelligence offerings.

    On Wednesday, the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%.

    The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting.

    Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium. The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago.

    On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin, which set another all-time high on Monday of over $107,000, according to CoinDesk. It was trading at $106,870 early Tuesday.

    Bitcoin’s price has catapulted from roughly $44,000 at the start of the year on expectations that Trump will favor digital currencies.

    Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% on Monday from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%.

    In other dealings early Tuesday, U.S. benchmark crude oil lost 12 cents to $70.59 per barrel in electronic trading on the New York Mercantile Exchange.

    Brent crude, the international standard, lost 4 cents to $73.48 per barrel.

    The U.S. dollar fell to 154.05 Japanese yen from 154.14 yen. The euro was nearly unchanged at $1.0514.

    ___

    AP Business Writer Stan Choe contributed.

    Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    You May Also Like
    The election of a Trump ally in Poland could alter EU and Ukraine policies
    • Local News

    Electing a supporter of Trump in Poland may change EU and Ukraine strategies

    WARSAW – Poland has elected Karol Nawrocki, a conservative historian and staunch…
    • BBC Gossip
    • June 2, 2025
    Meet the candidates who hope to become South Korea's president
    • Local News

    Get to Know the Hopeful Candidates for South Korea’s Presidency

    SEOUL – The political turmoil in South Korea is reaching its climax…
    • BBC Gossip
    • June 2, 2025
    Thousands evacuated in 3 provinces as Canadian wildfires threaten air quality into some US states
    • Local News

    “Canadian Wildfires Prompt Evacuations and Threaten Air Quality in 3 Provinces, Spilling into US States”

    Smoke was worsening air quality and reducing visibility in Canada and into…
    • BBC Gossip
    • June 2, 2025
    Britain is getting a defense boost aimed at sending a message to Moscow, and to Trump
    • Local News

    UK is increasing defense capabilities to show strength to Russia and the US President

    LONDON – The United Kingdom is set to construct new nuclear-powered attack…
    • BBC Gossip
    • June 2, 2025
    'Lilo & Stitch' passes 'Sinners' to become 2nd highest grossing film of 2025
    • Local News

    ‘Lilo & Stitch’ Beats ‘Sinners’ to Take 2nd Place for Highest Earnings in 2025

    With $280.1 million total, it surpassed “Sinners” to become the second-highest grossing…
    • BBC Gossip
    • June 1, 2025
    Investigation underway in Mentor amid alleged incident involving teacher and student
    • Local News

    Investigation underway into alleged murder-suicide by Tuscarawas County Sheriff’s Office

    According to a witness, a man shot and killed his wife in…
    • BBC Gossip
    • June 2, 2025
    1 officer killed, 1 wounded and another person dead in Los Angeles County shooting
    • Local News

    Shooting in Los Angeles County Leaves 1 Officer Dead, 1 Injured, and 1 Other Person Deceased

    The Los Angeles County Sheriff’s Department is investigating the incident as a…
    • BBC Gossip
    • June 1, 2025
    Thousands evacuated in 3 provinces as Canadian wildfires threaten air quality into some US states
    • Local News

    Canadian wildfires force thousands to evacuate in 3 provinces, endangering air quality in US states

    FLIN FLON, MB – Officials have reported that more than 25,000 residents…
    • BBC Gossip
    • June 1, 2025
    Summerfield man ejected, killed after crashing into vehicle he was trying to pass, troopers say
    • Local News

    Fatal Crash: Summerfield Man Ejected and Killed While Attempting to Pass Vehicle, According to Troopers

    A 38-year-old man from Summerfield lost his life in a tragic accident…
    • BBC Gossip
    • June 2, 2025
    List of ‘sanctuary jurisdictions’ removed from US government website
    • Local News

    Compilation of jurisdictions designated as ‘sanctuaries’ eliminated from official US government site

    Washington – The Department of Homeland Security’s website no longer features a…
    • BBC Gossip
    • June 1, 2025
    Asian shares slide as Russia-Ukraine conflict, OPEC+ output plan push oil prices higher
    • Local News

    Oil prices rise as Asian shares fall due to Russia-Ukraine tension and OPEC+ output plan

    HONG KONG – There was a decline in Asian shares on Monday…
    • BBC Gossip
    • June 2, 2025
    ‘The energy was palpable’: Millions of escaped bees turn wild
    • Local News

    Millions of bees break free and thrive in the wild

    Their chances of survival are high based on the rural location of…
    • BBC Gossip
    • June 1, 2025

    Recent Posts

    • Twins Reunite 17 Years After Violent Kidnapping 7,000 Miles Apart, Exposing the Harrowing Legacy of ‘Child Snatchers’
    • Fatal Crash: Summerfield Man Ejected and Killed While Attempting to Pass Vehicle, According to Troopers
    • Nigel Farage criticizes proposed tax increase for North Sea oil and gas, supports granting Scotland more financial autonomy as he courts voters before by-election.
    • Fixing the Issue: Rethinking the Approach to Tulsa’s Race Massacre Fund in Essex Files
    • Isaiah Hartenstein Highlights Why Oklahoma City Thunder Are a Threat in NBA Finals Against Indiana Pacers
    Twins raised 7,000 miles apart meet 17 YEARS after violent kidnap as harrowing legacy of ‘child snatchers’ is laid bare
    • News

    Twins Reunite 17 Years After Violent Kidnapping 7,000 Miles Apart, Exposing the Harrowing Legacy of ‘Child Snatchers’

    AS Marsha Frederick put her adopted daughter to bed every night in…
    • BBC Gossip
    • June 2, 2025
    Summerfield man ejected, killed after crashing into vehicle he was trying to pass, troopers say
    • Local News

    Fatal Crash: Summerfield Man Ejected and Killed While Attempting to Pass Vehicle, According to Troopers

    A 38-year-old man from Summerfield lost his life in a tragic accident…
    • BBC Gossip
    • June 2, 2025
    Nigel Farage blasts 'supertax' on North Sea oil and gas and backs giving Scotland new fundraising powers as he woos voters ahead of by-election
    • News

    Nigel Farage criticizes proposed tax increase for North Sea oil and gas, supports granting Scotland more financial autonomy as he courts voters before by-election.

    Nigel Farage demanded tax cuts for North Sea oil and gas firms…
    • BBC Gossip
    • June 2, 2025
    Essex Files: Tulsa’s Race Massacre Fund Is Misguided - Let’s Fix What’s Broken Now
    • US

    Fixing the Issue: Rethinking the Approach to Tulsa’s Race Massacre Fund in Essex Files

    Tulsa’s new mayor, Monroe Nichols, aims to establish a $100 million trust…
    • BBC Gossip
    • June 2, 2025
    BBC Gossip
    • Home
    • Privacy Policy
    • News
    • Local News
    • Health
    • Crime
    • Guest Post