Stocks rise as China announces economic stimulus package
Global markets rose in early trading today as China announced a stimulus program.
- S&P 500 Futures: 5,702.50 ⬆️ up 1.09%
- S&P 500: 5,718.57 ⬆️ up 0.28%
- Nasdaq Composite: 17,974.27 ⬆️ up 0.14%
- Dow Jones Industrial Average: 42,124.65 ⬆️ 0.15%
- STOXX Europe 600: 520.51 ⬆️ up 0.81%
- Nikkei 225: 37,940.59 ⬆️ up 0.57%
- SSE Composite Index 2,863.13 ⬆️ up 4.15%
- Bitcoin: $63,365.30 ⬇️ down 0.01%
China: stimulus program
Chinese stocks rose sharply in trading today as the Central Bank of the Republic of China unveiled a wide-ranging package of stimulus initiatives meant to revive the world’s second-largest economy, especially its property market.
Europe: eyes on China
European stocks rose on Tuesday as investors interpreted China’s stimulus moves as positive for the region, especially for Germany’s lagging economy.
Japan: more China spillover
The Nikkei 225 followed China’s stocks, gaining 0.57% on optimism over Beijing’s stimulus package.
The Dow and S&P 500 hit new highs—barely—and keep rising
On Monday, the Dow added 0.15% and the S&P 500 added 0.28% to the all-time highs they set on Friday, while the tech-heavy Nasdaq rose slightly (0.14%), led by Tesla. Elon Musk’s EV maker jumped 4.9% on optimism about its upcoming earnings, clawing back all the steep losses it suffered earlier in 2024.
S&P 500 futures moving upward
All three U.S. indexes rose slightly in pre-market trading Tuesday, as China optimism spilled over into the rest of the world.
