On Friday, December 13th, U.S. markets closed mixed. The Nasdaq extended its upward streak while the S&P 500 and Dow experienced declines.
Broadcom's optimistic AI chip forecast drove a significant rise in shares, boosting tech sentiment as markets anticipate a Federal Reserve rate cut in the coming days.
In economic data, U.S. data showed import prices rose 0.1%, while the Producer Price Index increased 0.4%.
Among S&P 500 sectors, Information Technology and Communication Services gained, driven by Broadcom's surge. At the same time, Energy, Financials, Industrials, Consumer Staples, Real Estate, and Materials declined modestly, with Health Care and Utilities remaining flat.
The Dow Jones Industrial Average was down 0.20% and closed at 43,828.06. The S&P 500 closed almost flat, down by 0.003% to 6,051.09, while the Nasdaq Composite gained 0.12% to finish at 19,926.72.
Asia Markets Today
- On Monday, Japan's Nikkei 225 declined 0.07% and ended the session at 39,463.00, led by losses in the Shipbuilding, Warehousing, and Precision Instruments sectors.
- Australia's S&P/ASX 200 slid 0.56% and ended the day at 8,249.50, led by losses in the Gold, Metals & Mining and Materials sectors.
- India's Nifty 50 slid 0.48% to 24,649.10, and Nifty 500 was down 0.09% closing at 23,337.15, led by losses in the Metals, Technology and Fast Moving Consumer Goods sectors.
- China's Shanghai Composite fell 0.16% to close at 3,386.33, while the Shenzhen CSI 300 declined 0.54%, finishing the day at 3,911.84.
- Hong Kong's Hang Seng was down 0.88% and closed the session at 19,795.49.
Eurozone at 06:00 AM ET
- The European STOXX 50 index was down 0.44%.
- Germany's DAX declined 0.14%.
- France's CAC fell 0.81%.
- U.K.'s FTSE 100 index traded lower by 0.37%.
Commodities at 06:00 AM ET
- Crude Oil WTI was trading lower by 1.61% at $70.15/bbl, and Brent was down 0.87% at $73.86/bbl.
- Oil prices eased as traders took profits ahead of a key Federal Reserve meeting, while supply concerns over U.S. sanctions on Russia and Iran limited losses.
- Natural Gas fell 3.72% to $3.157.
- Gold was trading higher by 0.07% at $2,677.70, Silver was up 0.23% to $31.098, and Copper fell 0.53% to $4.1754.
U.S. Futures at 06:00 AM ET
Dow futures were up 0.08%, S&P 500 futures were up 0.17%, and Nasdaq 100 futures rose 0.30%.
Forex at 06:00 AM ET
- The U.S. Dollar Index was up 0.02% to 107.03, USD/JPY was up 0.13% at 153.84, and USD/AUD rose 0.03% to 1.5745.
- The dollar hovered near a three-week high as markets anticipated a measured Fed rate cut this week. Bitcoin soared to a record above $105,000, buoyed by Trump's proposal for a U.S. bitcoin reserve.
Photo by Pavel Bobrovskiy via Shutterstock
