The stock market opened with a positive outlook, with the Nasdaq and S&P 500 rising by 0.5% and 1%, respectively. The Dow Jones added 0.3% to its value, indicating a stable market. Mobileye experienced a significant boost in stock prices after receiving a large order for driver assistance systems from an undisclosed client. Meanwhile, European markets continued to rise, with the French CAC up by 1.3%, the DAX by 0.6%, and the FTSE by 0.7%.
On the investment front, J.P. Morgan advised against buying gold due to lower average annual returns compared to stock indices. On the positive side, Adidas’ shares soared after reporting increased revenue and raising profit forecasts for 2024, while Stratasys signed a cooperation agreement with Secret Additive Technologies, boosting its outlook in the market.
In terms of technology advancements, Microsoft made a significant investment in AI company G42 from the United Arab Emirates, showcasing growing interest in emerging technologies. Trump Media faced challenges as stock prices dropped and layoffs were announced to maintain financial stability.
Looking ahead to market predictions, Swiss Piquet Bank recommended increasing the weight of gold in investment portfolios due to escalating tensions in the Middle East. Federal Reserve Chairman Jerome Powell indicated that monetary policy would remain unchanged due to strong economic indicators.
Overall, investors should be cautious of both positive and negative trends while navigating this volatile market successfully.
Trading on Wall Street started positively on Monday morning with gains across major indices like Nasdaq rising by 0.5%, S&P 500 trading at a similar rate and Dow Jones adding 0.3% to its value.
Meanwhile across Europe, markets also rose steadily as CAC upped by 1.3%, DAX gained by 0.6% while FTSE recorded an increase of 0