Wall Street saw slight declines at 20:15, with the Nasdaq trading around fundamental levels, the Dow Jones down 0.4%, and the S&P 500 down 0.2%. Notable stock movements included Digital World Acquisition jumping by about 30% due to an upcoming merger with Donald Trump’s social network, and Super Micro Computer’s stock increasing by 10% after JP Morgan upgraded their recommendation on the stock.
Oil prices also saw a 1% increase, with a Brent barrel priced at $86. In Europe at 19:10, the DAX rose 0.3%, the KAC traded around base levels, and the British FTSE fell by about 0.2%. In a notable development, electric car manufacturer Lucid Group’s stock surged after a Saudi government fund invested NIS 1 billion in the company. This investment is part of Saudi Arabia’s efforts to diversify its economic dependence on oil.
Investment houses in the US published optimistic forecasts for the S&P 500 index, with Oppenheimer raising its forecast to 5,500 and Goldman Sachs increasing its forecast to 6,000 driven by large technology stocks. Boeing’s CEO announced his resignation amidst ongoing issues with the company’s planes. The Chinese government implemented new guidelines to block the use of American processors from Intel, AMD, Microsoft, and others in order to promote Chinese alternatives in the technology sector. Within the EU, investigations were launched into Google, Apple