Xem thêm : It’s Never Too Late to Believe in Santa

The week began with mixed results on Wall Street as investors weighed reports on President-elect Donald Trump’s potential trade tariff plans and an early rally in technology stocks.

The Dow Jones Industrial Average, which tracks 30 market giants, edged down 0.06%, closing at 42,706.56 points. In contrast, the S&P 500, a barometer for the largest companies, rose 0.55% to finish at 5,975.38 points. Meanwhile, the Nasdaq Composite, dominated by tech firms, outperformed with a gain of 1.24%, ending the session at 19,864.98 points.

SPX

Key Drivers of the Day

Xem thêm : India’s forex reserves fall to $652.87 billion, down $1.98 billion as of Dec 13

The session began on a positive note, buoyed by a report from Foxconn revealing record-breaking revenues in the fourth quarter. This was attributed to surging demand for artificial intelligence-related technologies, which spurred robust gains in the tech sector. Optimism also came from a Washington Post report suggesting that Trump’s trade tariffs might target only imports critical to U.S. national and economic security, reducing fears of broader economic disruption.

Among individual stocks, Nvidia stood out with a 3.43% gain after initially climbing over 5% during the day. Apple, which had been up more than 1% early in the session, faltered and closed 0.61% lower. The biggest headline came from FuboTV, whose shares skyrocketed by over 250%. This surge followed news that Disney is nearing a deal to merge Hulu + Live TV with Fubo’s sports streaming platform. Disney shares, however, dipped slightly by 0.10%.

Broader Market Sentiment

Despite some early optimism, the mixed closing results underscored lingering uncertainty among investors. Many are closely monitoring upcoming economic data releases and policy announcements, which could provide more clarity on market direction. While the technology sector showed resilience, broader market sentiment remains cautious as Wall Street navigates trade policies and other key catalysts expected to shape the economic landscape in the coming weeks.

Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.