NEW YORK (AP) — U.S. stock indexes are starting 2025 higher, with Wall Street on track to break a four-day losing streak that foreshadowed a brighter end to 2024. The S&P 500 rose 0.6% at the start of trading Thursday. It was the longest losing streak since early September. The Dow Jones Industrial Average rose 332 points, or 0.8%, and the Nasdaq Composite Index rose 0.7%. Markets were supported by the latest signal that the U.S. economy remains resilient as fewer workers applied for unemployment benefits last week than economists expected. In the bond market, government bond yields fell.
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TOKYO (AP) – Global stocks were mixed on Thursday, the first day of trading in 2025, with the Chinese benchmark down more than 2%.
France’s CAC40 fell 0.5% to 7,346.33, while Germany’s DAX rose 0.2% to 19,947.91. Britain’s FTSE 100 index was almost unchanged at 8,174.85.
Futures for the S&P 500 and Dow Jones Industrial Average rose 0.4%.
Investors remain wary of the possibility that President-elect Donald Trump may take action after taking office, such as raising tariffs on imports from China and other Asian countries.
The Shanghai Composite Index fell 2.7% to 3,262.56, and the Hong Kong Hang Seng Index fell 2.2% to 19,623.32.
The Caixin China Purchasing Managers Index, a survey of factory owners, showed a slowdown in activity expansion in December as the index fell to 50.5 from 51.5 in November, with no increase above 50. Measurements show expansion. New orders, employment, and business confidence weakened.
Upbeat stories from Chinese leader Xi Jinping in his New Year’s address did little to boost optimism among market players hoping for more aggressive action to support the economy and boost stock prices. Ta.
“We have adopted all possible policies to ensure gains in the pursuit of high-quality development. China’s economy has recovered and is on an upward trajectory,” the state-run Xinhua news agency said. President Xi said this in his New Year’s address.
Elsewhere in Asia-Pacific, Australia’s S&P/ASX 200 index rose 0.5% to 8,201.20 and South Korea’s Kospi index was flat at 2,398.94.
On Wednesday, Wall Street markets, like nearly every other market in the world, were closed for the New Year’s Day holiday.
Investors will get the latest snapshot of U.S. construction spending in November on Thursday, with December U.S. manufacturing data due on Friday.
U.S. stock indexes ended mostly lower on Tuesday as markets ended lower on the final day of a year that marked another milestone for Wall Street.
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