Wall Street rally holds strong as S&P 500 beats December record high - New York’s S&P 500 index moved about 0.8% higher to surpass last month’s intra-day record high.
U.S. markets are poised to open with gains Wednesday on a sustained strong showing from some big corporations during earnings season and an announcement from President Donald Trump on a $500 billion AI investment partnership.
The UK’s unemployment rate rose to 4.4% in the three months to November, up from 4.3% previously and the highest level since May. Average earnings including bonuses increased 5.6% on an annual basis in the quarter to November,
The FTSE 100 index is seen moving closer to a record high after back-to-back sessions in which London’s top flight has risen 1%. Futures trading points to a rise of about 18 points to 8410, not far from May’s intraday high of 8474 and the closing peak of 8445.
US jobs report blew past expectations on hiring, raising more uncertainty about the path of interest rates this year.
U.S. stocks are recoiling on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high.
Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
U.S. stock indexes are drifting following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies
Chancellor Rachel Reeves is facing further pressure over Britain’s public finances after borrowing surged to £17.8 billion last month. On the corporate front, the recent selling of easyJet shares continued today despite the airline’s much smaller Q1 loss.
“Tariffs mean a stronger U.S. dollar due to higher import prices and weaker global growth, no tariffs means stronger global trade and a more robust global growth backdrop,” said Kyle Rodda, senior markets analyst at Capital.com.
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