Japanese stocks jumped Wednesday as investors began to hope that the Omicron strain would be less dangerous to the global economy than initially thought. The Nikkei index rose 1.4 percent to 28,860.62, its highest closing level since Nov. 25, meeting resistance at about 28,910. The broader Topix index added 0.6% to 2,002.24, while the Mothers … Read more
On Wednesday, December 8, global markets were trading mostly in small positive territory. Investors took a pause in aggressive buying after a two-day rally, which was first associated with a decrease in concerns about the omicron strain and focused on stocks suffering from coronavirus restrictions, and then spread to the whole market. Interestingly, key indices, … Read more
Shares of electronics and computer components maker Intel soared 8.82 percent, from $50.96 to $55.45 apiece, in the postmarket on the U.S. Nasdaq exchange. The securities then corrected to $54.3 (plus 6.56 percent). The surge in the stock was triggered by news of Intel’s plans to launch an IPO (initial public offering) in mid-2022 of … Read more