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Asian Shares Are Mixed After US Stocks Drift to More Records
The S&P 500 rose 0.3%, Dow gained 0.6% amid light trading; strong Q3 GDP and jobless claims data supported gains, alongside Sanofi and Novo Nordisk corporate news.
- Holiday-Shortened trading pushed major U.S. indexes to record levels as the S&P 500 index rose 0.3% to 6,932.05 and the Dow Jones Industrial Average added 0.6% with roughly 1.8 billion shares traded on Wednesday.
- Corporate takeovers and approvals drove some gains, with Dynavax jumping 38.2% after Sanofi's $2.2 billion deal and Novo Nordisk rising after U.S. approval for Wegovy.
- Economic data showed a mix of strength and strain as the U.S. economy grew 4.3% annual in third-quarter GDP while jobless claims week ending Dec. 20 fell to 214,000, below FactSet's 232,000 forecast.
- Thin holiday liquidity could keep moves choppy as investors bet the Federal Reserve will hold rates steady, while U.S. markets reopen for a full day on Friday amid light volumes and thin holiday trading in Asian markets.
- This year, major indexes have posted strong gains as the S&P 500 is up more than 17% while the Shanghai Composite rose 0.3% and the Nikkei 225 fell less than 0.1%.
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41 Articles
41 Articles
The Billings GazetteReposted by 
Richmond Times-Dispatch
Richmond Times-DispatchUS stocks drift to more records
NEW YORK — Wall Street closed higher and reached more records Wednesday on a holiday-shortened trading day.
·Billings, United States
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Coverage Details
Total News Sources41
Leaning Left13Leaning Right4Center19Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 36%
C 53%
11%
Factuality
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