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Today’s stock market: markets close everywhere

Markets in the US, Asia and Europe rose again on Thursday, all closing higher on hopes of AI and even more economic stimulus measures from China.

  • S&P 500 Futures: $5,804.25 ⬆️ up 0.43%
  • S&P 500: 5,745.37 ⬆️ increasing by 0.40%
  • Nasdaq Composite: 18,190.29 ⬆️ increasing by 0.60%
  • Dow Jones Industrial Average: 42,175.11 ⬆️ increasing by 0.62%
  • STOXX Europe 600: 525.61 ⬆️ up 1.3%
  • Nikkei 225: 38,925.63 ⬆️ increasing by 2.79%
  • ESS Composite index 3,000.95 ⬆️ up 3.61%
  • Bitcoin: $64,718.40 ⬆️ up 2.54%

US futures look bright
All three indexes closed in the green, although they were off their highs earlier in the day after investors hoping for more information from Fed Chairman Jerome Powell in a speech on Thursday were left in the note that he did not mention the economy or monetary policy. The revised economic data also showed GDP growth and continued recovery from the pandemic.

Dow, Nasdaq and S&P 500 backed by technology
The S&P 500 closed up 0.40%, while the Nasdaq rose 0.60% and the Dow rose 0.62%. to its August high.

China: Stimulus sends stocks higher for second time
China’s CSI 300 index is closing in on its biggest weekly gain in years as shares rise on news from Beijing that more cash payments are coming to the poor and $140 billion is being pumped into the biggest state-owned banks . The Shanghai index rose 3.61 percent on Thursday, while Hong Kong’s Hang Seng rose 4.16 percent.

Japan: Micron makes market moves
The Nikkei 225 rose 2.79%, led by semiconductor stocks Disco and Tokyo Electron, after better-than-expected earnings from U.S. chip giant (hotlink)Micron Technology,(/hotlink) which posted a rise in AI demand.

Europe: Markets hit all-time closing highs
The fresh stimulus from China reverberated in Europe, which also saw the STOXX Europe 600 hit an all-time closing high, up 1.3% to 525.61 points. Meanwhile, the Swiss National Bank also cut borrowing costs by 25 basis points, helping lower interest rates and lower inflation.

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