Global Markets in Fluctuating Course: Wall Street is Rising

Volatile Trend in Global Markets

The approval of the temporary funding measure by the U.S. Senate has increased expectations that the government will reopen after a long shutdown. This situation paved the way for the rise in Wall Street stocks. The announced employment data supported expectations that the Fed could cut interest rates in December.

Expectations for Economic Data Reopening

Hope that economic data will start to be released alongside the government's reopening created a positive atmosphere in the markets. The S&P 500 completed the day with a 0.21 percent increase after a 0.4 percent loss during the day. The Dow Jones index gained 1.2 percent. However, the technology-heavy Nasdaq 100 differentiated negatively, falling 0.31 percent.

Developments with FedEx and Softbank

Strongly reflecting the pulse of the economy, FedEx Corp announced that it expects an increase in its profits compared to the previous year this quarter, resulting in a 5 percent increase in its shares. On the other hand, both Softbank and Nvidia saw their shares decline after Softbank sold Nvidia shares.

Data and Increases in U.S. Markets

The weak ADP data released in the U.S. increased expectations that the Fed may cut interest rates in December, while U.S. treasury yields also decreased 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 following its forecast for accelerated sales growth. In Asia, the MSCI stock index also closed up 0.3 percent.