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Your daily horoscope: December 21, 2024

  HOROSCOPES IF TODAY IS YOUR BIRTHDAY Do you stay in your present location, where things are safe and predictable, or do you take a major risk by heading off in a new direction? If you don’t take that risk you may look back from the future and regret it. Get moving this year. ARIES (March 21 - April 20): The sun moves into the area of your chart that governs your place in the wider world this weekend, making this the ideal time to look ahead and identify your long-term ambitions. Set your sights as high as they can possibly go. TAURUS (April 21 - May 21): As the sun moves into the most adventurous area of your chart this weekend you will be more optimistic about your prospects than you have been in a very long time. Dare to dream and dare to make those dreams come true. GEMINI (May 22 - June 21): If someone lets you in on a secret you must not share it with strangers. You may be chatty by nature but there are some things that are best kept in a close-knit circle of friends an...
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Wall Street Rises to Add to Last Week’s Gains

 

World shares tracked Wall Street’s advance today, fueled by cooler-than-expected U.S. employment data. Last week, Wall Street had its best day in more than two months, and today’s gains further contributed to the positive momentum.

Key Highlights:

  1. U.S. Markets:

    • The S&P 500 climbed 1% today, adding to last week’s gains.
    • The Dow Jones Industrial Average rose 0.5%.
    • The Nasdaq composite surged 1.2%.
    • Treasury yields remained steady in the bond market.

  2. Global Markets:

    • European markets started the day with gains. Germany’s DAX edged 0.1% higher, and the CAC 40 in Paris also saw modest gains.
    • Asian markets performed well, with the Hang Seng in Hong Kong closing 0.4% higher and the Shanghai Composite index surging 1.2% after a weeklong holiday.
    • Australia’s S&P/ASX 200 rose 0.7%, and Taiwan’s Taiex gained 1%.
    • Markets in Tokyo and South Korea were closed for holidays.

  3. U.S. Employment Data:

    • The latest private sector survey showed that China’s services sector grew at a slower pace in April due to rising costs, although new orders rose and business sentiment improved.
    • The U.S. added 175,000 jobs last month, down sharply from March’s blockbuster increase of 315,000. Average hourly earnings also rose less than expected.
    • The modest increase in hiring suggests that the Federal Reserve’s aggressive rate hikes may be impacting the economy, potentially leading to a shift in interest rate policy.

  4. Tech Stocks:

    • Friday’s market rally was widespread, with technology stocks leading the gains.
    • Apple jumped 6% after announcing a mammoth $110 billion stock buyback, despite reporting its steepest quarterly decline in iPhone sales since the pandemic began.

In summary, Wall Street’s positive performance today reflects optimism fueled by economic data and strong tech sector gains. Investors are closely watching the Federal Reserve’s next moves as they consider potential interest rate adjustments.

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