Wall Street Today: US stocks extend holiday-thin trading dragged by Nvidia, set for 1% weekly gain; S&P up 25% YTD
Live MintWall Street Today: Wall Street's main indices opened lower after US stocks fell in morning trading on Friday, December 27, dampening an upbeat holiday-shortened week that started looking like a classic "Santa Claus" rally was unfolding. The S&P 500 fell 1.4 per cent, with over 80 per cent of stocks in the benchmark index losing ground. MSCI's broad global share index was 0.32 per cent lower on Friday to remain 1.07 per cent higher for the week. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.12 per cent, marking a 1.5 per cent weekly rise, while Tokyo's Nikkei rose 1.8 per cent. Higher US rate expectations pulled the 10-year Treasury yield, which rose as the price of the fixed-income security fell, to its highest since early May on Thursday, at 4.641 per cent.