Wall Street lifts spirits after Asia starts year in red
The Peninsula
London: Wall Street made a positive start to the year Monday, shrugging off falls in Asia as investors await planned tariffs from US president elect D...
London: Wall Street made a positive start to the year Monday, shrugging off falls in Asia as investors await planned tariffs from US president-elect Donald Trump, adding to China's economic struggles.
Midway through 2025's first session, while the Dow was just 0.2 percent in the green the tech-heavy Nasdaq Composite Index had added around 0.6 percent.
That was despite EV maker Tesla, facing rising electric vehicle competition in China and other major markets, slipping around five percent after posting its first annual drop in electric vehicle deliveries.
"The stock market ended 2024 with a whimper, but it is poised to begin 2025 with a bang," Briefing.com's Patrick O'Hare wrote in a note before markets opened on Wall Street.
Axel Rudolph, senior analyst with IG, saw European indices as "being dragged higher by their US counterparts", helping lift Paris, currently mired in political uncertainty, to a positive finnish.