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Markets around the world are on a rollercoaster ride!

SEOUL, SOUTH KOREATuesday, December 3, 2024
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Asian stock markets shot up on Tuesday, following a record-breaking finish on Wall Street led by tech stocks. The S&P 500 hit an all-time high for the 54th time this year, while the Dow Jones dipped slightly. Some experts think Japan's stocks might benefit from President Trump's latest tariff threat. Japan's Nikkei 225 jumped 1. 8% in early trading, with Tokyo Electron shares surging 4. 4%. Australia's ASX 200 and South Korea's Kospi also saw gains, with the Kospi up 1. 7% after inflation data suggested possible rate cuts in early 2025. Hong Kong's Hang Seng and Shanghai Composite edged up as well. In the U. S. , Super Micro Computer's shares soared 28. 7% after it cleared itself of misconduct. Big Tech stocks, like Microsoft and Meta Platforms, also drove the market up. However, Intel's CEO resignation sent its shares down. Stellantis' stock fell 6. 3% after its CEO stepped down amid slumping sales and inventory issues. The S&P 500 added 14. 77 points, while the Dow lost 128. 65 points, and the Nasdaq climbed 185. 78 points. U. S. Treasury yields held steady, and crude oil prices dropped slightly. The U. S. dollar strengthened against the yen and euro. This week, upcoming job market updates could influence the Federal Reserve's interest rate decisions. Experts predict a hiring boost in November, following October's slow growth due to hurricanes and strikes.
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