Mon, 30th November 2015

Anirudh Sethi Report


Archives of “Global Indices” Category

Overnight US Market

In the past 50 years, the Friday after Thanksgiving is typically a day of gains on Wall Street, with the Standard & Poor’s 500 stock index posting gains of 0.27% on average, finishing up 70% of the time, according to Schaeffer’s Investment Research. (One caveat: Stocks have finished down the Friday after Thanksgiving five of the past six years, the investment firm adds.)

The Dow Jones industrial average finished down 0.1%, off 15 points. Climbing were the S&P 500 and the Nasdaq composite, up 0.1% and 0.2%, respectively.

Stock trading on Wall Street ended at 1 p.m. ET, three hours earlier than the normal closing bell.

Wall Street awoke to a massive selloff in the mainland China stock market. TheShanghai composite plunged 5.5% on news that two security firms are alledgedly under investigation for potential misconduct. Shares of Hong Kong’s Hang Seng indexdeclined 1.9%.

Most major stock indexes in Europe were hugging the flatline. The broad Stoxx Europe 600 was up 0.1%, while the CAC 40 in Paris was up 0.1% and the German DAX was unchanged.