Lola Evans
02 Dec 2022, 07:44 GMT+10
NEW YORK, New York - U.S. stocks were mixed on Thursday as investors continued to digest remarks from Fed Chair Jerome Powell a day earlier in his speech at the Brookings Institution and ahead of Friday's jobs report.
"It looks more technical and just looks like an exhale from yesterday's big push," David Grecsek, managing director of investment strategy and research at Aspiriant told CNBC Friday.
The technology sector did best in the U.S., with the Nasdaq Composite growing 14.45 points or 0.13 percent to 11,482.45.
The Dow Jones industrials declined 194.76 points or 0.56 percent to 34,395.01.
The Standard and Poor's 500 edged down 3.54 points or 0.09 percent to 4,076.57.
On foreign exchange markets, a wave of selling continued to haunt the greenback. The euro lept to 1.0517 by the New York close Thursday. The British pound surged to 1.2249. The Japanese yen soared more than two cents to 135.34. The Swiss franc strengthened to 0.9369.
The Canadian dollar inched up to 1.3431. The Australian and New Zealand dollars took off, surging to 0.6813 and 0.6374.
On overseas equity markets, the FTSE 100 in London dipped 0.19 percent. The German Dax gained 0.65 percent. The Paris-based CAC 40 gained 0.23 percent.
In Japan, the Nikkei 225 was ahead 0.92 percent. China's Shanghai Composite was up 0.45 percent. In Hong Kong, the Hang Seng advanced 0.75 percent.
The Australian All Ordinaries appreciated 0.98 percent. South Korea's Kospi Composite increased 0.30 percent.
In New Zealand, the S&P/NZX 50 was off 0.19 percent.
Get a daily dose of Africa Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Africa Leader.
More InformationLONG BEACH, California: Long Beach, California-based Rocket Lab has launched its first mission from the United States, as part of ...
Israel was behind Sunday morning's drone strike on an Iranian munitions facility; the Wall Street Journal has reported, citing American ...
LONDON, England: Of the 14 main battle tanks and additional artillery support it will send to Ukraine, Britain hopes its ...
LONDON, England: Insurance broker Aon has estimated that natural disasters caused global economic losses worth $313 billion in 2022.It added ...
NEW YORK CITY, New York: After being convicted of stealing more than $900,000 from the company, Rosita Joseph, former executive ...
WASHINGTON D.C.: The US State Department has said that in the latest fiscal year, US military equipment exported to foreign ...
NEW YORK, New York - U.S. stocks closed sharply lower Monday as investors fretted over which way the Federal Reserve ...
Ahmedabad (Gujarat) [India], January 30 (ANI/Big News Network): The Adani group, in a sharp and focused response to Hindenburg Research's ...
SEOUL, South Korea: South Korean officials have said that the government will double energy vouchers and provide discounts on gas ...
WASHINGTON D.C.: The Wall Street Journal has reported that e-cigarette maker Juul and three tobacco giants are negotiating potential sale, ...
AUSTIN, Texas: Tesla gas announced an investment of more than $3.6 billion to expand its Nevada Gigafactory complex with the ...
WASHINGTON D.C.: US Senate Energy and Natural Resources Committee chair Joe Manchin has introduced legislation that imposes battery sourcing requirements ...