Volatile Trend in Global Markets: Wall Street is Rising

Volatile Trends in Global Markets

The U.S. Senate's approval of temporary funding measures has raised expectations that the government will reopen after a long shutdown. This situation has paved the way for an increase in Wall Street stocks. The announced employment data supports expectations that the Fed may lower interest rates in December.

Expectations for Economic Data Reopening

The hope that economic data will begin to be released with the reopening of the government has created a positive atmosphere in the markets. The S&P 500 finished the day up 0.21 percent after dipping 0.4 percent during the day. The Dow Jones index, on the other hand, gained 1.2 percent in value. However, the technology-focused Nasdaq 100 diverged negatively with a 0.31 percent decline.

Developments in FedEx and Softbank

FedEx Corp, which monitors the pulse of the economy, announced it expects its profits to increase compared to the previous year in this quarter, resulting in a 5 percent gain in its stock. On the other hand, after Softbank sold Nvidia shares, stocks of both companies lost value.

Data and Gains in U.S. Markets

Weak ADP data released in the U.S. has raised expectations that the Fed will lower interest rates in December, while U.S. bond yields also saw a decline yesterday. In the new trading day, U.S. and European futures indices showed slight increases. Advanced Micro Devices Inc. gained 4.8 percent in after-hours trading after forecasting an acceleration in sales growth. In Asia, the MSCI stock index closed up 0.3 percent.