Entering the Christmas month! The Christmas market may continue to drive the U.S. stock market to new highs, with these sectors expected to become the "hottest opportunities"
Historically, in the seven trading days after Christmas, which include the last five trading days of the year and the first two trading days of the next year, investors tend to be more bullish, with a high probability of an uptrend in the U.S. stock market. This seven-day period is known as the 'Santa Claus rally.' Data shows that over the past 70 years, there has been an 80% chance of the S&P 500 index rising during these seven trading days.
In November, manufacturing activity in the usa contracted for the eighth consecutive month, with weak demand but signs of easing.
In November, manufacturing activity in the usa contracted for the eighth consecutive month, with 24 out of the past 25 months showing a contraction.
Express News | usa ISM manufacturing data better than expected, with signs of weak demand but now easing.
US stock market early trading | Nasdaq up nearly 1%! Growth tech and semiconductor stocks are generally rising, taiwan semiconductor, marvell technology up over 4%, super micro computer surged over 12%
On the evening of the 2nd Beijing time, the US stock market opened slightly higher on Monday. As the US stock market enters the last month of the year, the market this week is focused on the US November non-farm payrolls, Trump administration policies, and the Fed's interest rate path.
Express News | The usa ISM Manufacturing PMI for November is 48.4, expected to be 47.5, and the previous value was 46.5.
Express News | The final value of the s&p global manufacturing PMI for the usa in November is 49.7, with an expectation of 48.8 and a previous value of 48.8.