2024/12/05
The Dow Jones Industrial Average fell for two consecutive days and turned down for the whole week. The S&P rose about 1% for the week and rose for three consecutive weeks. The Nasdaq rose more than 3%. Tesla rose more than 5%. Amazon and Meta hit new highs. Nvidia fell 1.8%. The increase in non-farm payrolls in the United States in November exceeded expectations, but the unemployment rate rose slightly. The market moderated and bet on interest rate cuts. Many voting committee members supported slowing down interest rate cuts next year. The yield on two-year U.S. Treasury bonds fell by about 5 basis points. Both the U.S. dollar and gold fell first and then rose. The U.S. dollar turned up during the week. The euro fell after hitting a three-week high. French stocks rose 2.7% for the week. The offshore renminbi fell below 7.28 yuan and fell for five consecutive weeks. The yen rose above 150 again, and the Korean won fell 1.8% for the week. Oil prices fell by about $1 on Friday and fell by more than 1% for the week.
More⋯
