Stock market today: Asian shares are mostly higher after Wall Street rally caps a dismal week
Monday, 23 December 2024 () Shares are mostly higher in Asia after U.S. stocks capped a mostly dismal week with a broad rally. Markets saw strong gains in Tokyo, China, Taiwan and South Korea. Honda and Nissan were expected to hold a news conference later Monday as reports speculated on a possible merger between Japan's second and third-largest automakers. The S&P 500 rallied 1.1% Friday to shave its loss for the week down to 2%. The Dow Jones Industrial Average jumped 1.2% and the Nasdaq composite gained 1%. A report said a measure of inflation the Federal Reserve prefers was slightly lower last month than expected, raising hopes the central bank will be able to go ahead with rate cuts.
Monday, 23 December 2024 ()
