TOKYO (AP) — Global shares were mostly higher Tuesday as jitters over protests in China set off by growing public anger over COVID-19 restrictions subsided. Hong Kong’s benchmark surged 5.2% and most other markets in Europe and Asia advanced. U.S. futures edged higher. Oil prices rose more than $1 per barrel. China’s economy has been stifled by a “zero-COVID” policy which includes lockdowns that have intermittently threatened the global supply chain. France’s CAC 40 was nearly unchanged at 6,665.24, while Germany’s DAX slipped 0.1% to 14,366.13. Britain’s FTSE 100 gained 0.7% to 7,525.30. The future for the S&P 500 was up 0.4% while the future for the Dow industrials fell 0.2%.
ATLANTA — The Spike Lee family legacy is now etched onto the Spelman College campus. The famed film director, producer and actor visited the historically Black liberal arts college for women in Atlanta on Monday to honor the legacy of his grandmother Zimmie Reatha Shelton and his mother Jacquelyn Shelton Lee. Spelman College President Dr. Helene Gayle helped lead the ceremonial dedication of the campus' admissions office, honoring the Spelman alumnae.
CNBC's Jim Cramer on Monday explained why he believes the Dow Jones Industrial Average will continue to outperform the Nasdaq Composite and S&P 500 next year. "As we head into the end of the year, Wall Street tends to crowd into the biggest winners, which is why I expect the Dow to keep outperforming the Nasdaq and the S&P, at least until January, possibly even a lot longer," he said.
Global stocks moved lower after rare protests erupted across China over the country's stringent zero-Covid policy — the Dow declined 497.57 points while the S&P 500 dropped by 62.18 points. Six experts discuss the impact on U.S. markets.
Welcome back and welcome aboard, and so grateful to have you with us. I still got a nice turkey and gravy buzz going, and I'm going to ride it out. And we're going to ride back into a busy week, as U.S. equity investors are digesting another helping of gains across all major indexes last week, with the Dow Industrials continuing to lead the way. In case you missed it, the Dow has rallied more than 5,000 points in just the past month, and is already up more than 19% off its lows from earlier this year. The index is at a six-month high, and the trend has been widening to other indexes and sectors. The S&P financial super sector is also at a six-month high. Rising interest rates have put the wind at the back of the banks, and borrowing is booming.
Last week's mostly upbeat sentiment was forgotten on Monday as investors anxiously eyed the pushback the Chinese government is receiving for its prolonged Covid-19 restrictions. This unrest reverberated through global markets, denting tech amid reports that demonstrations at an Apple (AAPL) factory in China could severely effect iPhone Pro production.
Traders booted the juniors off the trading desks following the holidays and they weren't happy. Selling in the Dow Industrial Average came off the challenge of resistance defined from the last swing high. The only technical change was the MACD trigger 'sell' but relative strength remained in the Dow's favor. Look for a move back to the 20-day MA.
This is a carousel. Use Next and Previous buttons to navigate. Editor’s note: If you have an event you would like to have included, please email the information to Reporter Victoria Ritter, email@example.com. Alton Brown Live! Beyond the Eats – The Holiday Variant is set for 6:30 p.m. at...
Markets look to continue their trajectory off one-month highs reached last week, closing at session lows this Monday on a dollop of uncertainty out of China and perhaps a sense of hitting their head on a temporary ceiling in market gains. The Dow lost -497 points, -1.45%, and it was the outperformer among major indices. The S&P 500 dipped -1.54% and the Nasdaq was -1.58%. The small-cap Russell 2000 dropped -2.05% on the day.