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November 18, 2024 CM News

Stock market today: World shares are mixed after Wall Street suffers worst loss since Election Day

BANGKOK (AP) — World shares started out the week mixed after U.S. stocks fell to their worst loss since Election Day. U.S. futures were also mixed, with the S&P 500 contract up less than 0.1% and that for the Dow Jones Industrial Average 0.1% lower as speculation mounted over who President-elect Donald Trump might nominate to be his Treasury secretary. Germany’s DAX lost 0.2% to 19,178.02, while the CAC 40 edged 0.1% lower to 7,259.95. Britain’s FTSE 100 gained 0.2% 8,079.04. In Asian trading, Japan’s Nikkei 225 index dropped 1.1% to 38,220.85 as the yen initially regained some strength against the U.S. dollar after the central bank governor, Kazuo Ueda, indicated that the Bank of Japan will continue to raise interest rates as conditions permit. The dollar inched up to 154.76 Japanese yen from 154.54 yen late Friday. It had been trading above 156 yen last week.

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