businessconservative
Markets around the world are on a rollercoaster ride!
SEOUL, SOUTH KOREATuesday, December 3, 2024
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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