Stock markets worldwide are experiencing slight declines on Wall Street with the Nasdaq trading at fundamental levels, the Dow Jones down by 0.4%, and the S&P 500 down by 0.2%. In Europe, markets are mixed as the DAX rises by 0.3%, while the KAC trades around base levels and the British FTSE falls by approximately 0.2%. Notable movements in the stock market include Digital World Acquisition jumping by around 30% due to its upcoming merger with Donald Trump’s social network and Super Micro Computer’s stock surging by about 10% after a recommendation upgrade by JP Morgan.
Investment houses have published optimistic forecasts regarding the S&P 500 index, with Oppenheimer raising its forecast to 5,500 and Goldman Sachs raising it to 6,000, mainly driven by large technology stocks. The trade war between the US and China is heating up as the Chinese government issues guidelines to block the use of American processors in computers and government servers, impacting companies like Intel, AMD, Microsoft, and others.
Boeing’s CEO announced his resignation amidst ongoing issues with the company’s planes, leading to a stock price increase of approximately 3% in pre-trade. The European Union launched a counter-investigation against major tech companies like Alphabet (Google) and Meta Platforms (Facebook) under the Digital Markets Act legislation to ensure a fair and equitable digital market.
Stock exchanges in Asia are trading with mixed trends as indexes like Nikkei down by 1.2%, Hang Seng up by 0.2%, Shanghai Stock Exchange trading at a similar rate, and Kospi index down by 0.2%. Overall, various factors such as political tensions between nations, economic conditions, technological advancements
