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On Wednesday, the S&P 500 and Nasdaq Composite achieved new closing highs as technology shares led the way, driven by optimism around potential easing inflation indicated by the awaited Consumer Price Index (CPI) report. The Nasdaq’s fourth consecutive gain erased the previous week’s decline, with communication services and semiconductor companies playing key roles. Concurrently, European shares closed moderately lower as investors assessed the policy outlook for the ECB and the Fed, impacting financial firms like Santander, Allianz, BNP Paribas, and AXA, while Flutter Entertainment underperformed for a second session amid growth concerns.
Summary for 11.01.2024
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