Japan’s Nikkei finished unchanged yesterday, but it is making up for lost ground today, trading near its session high with a gain of 0.84% heading into the lunch hour.
Japanese investors are reacting to the overnight strength on Wall Street combined with a much weaker Yen versus the U.S. dollar yesterday.
The morning’s gain has seen the Nikkei retake the 18,000 level, with major Japanese export companies leading the charge higher.
The USD/JPY traded at the
U.S. markets are back on the move higher, trading near their session highs as the lunch hour begins on Wall Street.
Currently, the S&P 500 is trading higher by 0.49%, with the Dow higher by 0.11% and the Nasdaq up by 0.70%.
The financial sector is back in the lead as investors remain excited about the prospects for banks and other financial institutions as the U.S. prepares for a Donald Trump administration.
The consumer discretionary space
U.S. markets are mixed as they come out of the lunch hour, with the battered technology sector taking the lead today as investors take profits from other areas of the market.
Near the end of the lunch hour the S&P 500 is trading near its session low with a loss of 0.31%. The Dow is likewise trading near a session low as it has fallen 0.44%. The Nasdaq is being supported by the gains from technology
The US stock market closed Tuesday trading higher due to the strengthening of the oil and gas, telecommunications and utilities sectors.
At the close on the New York Stock Exchange, Dow Jones rose 0.29%, reaching a historic high, S&P 500 index rose 0.75%, and NASDAQ Composite Index rose 1.10%.
The leaders of growth among the Dow Jones index components were the shares of Verizon Communications Inc. (NYSE: VZ), which rose 1.19 p (2.58%), closing
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