Stock Markets Surge; Chip Stocks Lead Rally
Update: 2025-12-19
Description
Stock markets closed higher on Thursday, with the S&P 500 and Nasdaq indices surging, driven by a rebound in chip stocks and Micron Technologys optimistic forecast. The Dow Jones also rose, aided by favorable economic reports showing lower inflation and jobless claims. The ten-year Treasury note yield dropped, reflecting market reaction to inflation data. Overseas, markets had a mixed day, with the Euro Stoxx fifty and Shanghai Composite gaining, but Japans Nikkei falling. The European Central Bank kept rates unchanged, while the Bank of England cut its rate, signaling potential further cuts.
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