Mixed Stock Market Signals on Wall Street and Across the Globe: News and Analysis

Small losses on Wall Street; Digital World Acquisition surges 30%

The stock market is seeing some slight declines on Wall Street with the Nasdaq trading around fundamental levels, the Dow Jones down by 0.4%, and the S&P 500 down by 0.2%. Notable movements in the stock market include Digital World Acquisition jumping by around 30% due to its upcoming merger with Donald Trump’s social network, and Super Micro Computer’s stock surging by about 10% after a recommendation upgrade by JP Morgan.

In Europe, the markets are experiencing a mixed lock with the DAX rising by 0.3%, the KAC trading around base levels, and the British FTSE falling by approximately 0.2%. Lucid Group Trading saw a surge in its share price after receiving a significant capital investment from a Saudi government fund, indicating a strategic move to diversify economic dependence on oil.

Investment houses have published optimistic forecasts regarding the S&P 500 index, with Oppenheimer raising its forecast to 5,500 and Goldman Sachs raising it to 6,000, mainly driven by large technology stocks. However, the trade war between the US and China is heating up as the Chinese government issues guidelines to block the use of American processors in computers and government servers, impacting companies like Intel, AMD, Microsoft, and others.

Boeing’s CEO announced his resignation amidst ongoing issues with the company’s planes, leading to a stock price increase of approximately 3% in pre-trade. Meanwhile, European Union launched a counter-investigation against major tech companies like Alphabet (Google) and Meta Platforms (Facebook) under Digital Markets Act legislation to ensure fairness and equity in digital markets worldwide.

In Asia

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