World Market News of the 28 December with FXOpen #dowjones #nasdaq100 #sp500 #indiaeconomy
S&P 500 FUTURES LITTLE CHANGED AS INDEX INCHED CLOSER TO ALL-TIME HIGH
S&P 500 futures were near flat Wednesday night as the benchmark index closed in on a new all-time high.
Futures tied to the benchmark index and Nasdaq 100 were both little changed. Dow Jones Industrial Average futures slipped 6 points, also near flat.
The action follows a modestly winning day on Wall Street. The S&P 500
ended up 0.1%, rising closer to record levels. The Nasdaq Composite added nearly 0.2% in the session, while the 30-stock Dow finished 0.3% higher.
While the moves were muted, they come as investors look toward to end of what’s been a strong year for stocks.
Source: CNBC
INDIA TO BE WORLD’S THIRD-LARGEST ECONOMY BY 2032, LARGEST BY END OF THE CENTURY
India is set to become the world’s third-largest economy by 2032 and will eventually surpass China and the United States to become the “world’s largest economic superpower“ by the end of this century, as per a report released by the Centre for Economics and Business Research (CEBR) on December 27.
India will sustain “robust economic growth“, averaging 6.5 percent from 2024 to 2028, CEBR stated in its ’World Economic League Table 2024’ report. This will result in the country surpassing Germany to become the fourth-largest economy in 2027 and overtaking Japan to become the third-largest economy by 2032, it added.
Source: Moneycontrol
HISTORY SAYS THE NASDAQ WILL SOAR IN 2024
There’s no denying the challenges investors faced in 2022, which was one of the most difficult years in decades. After shedding more than 35% in 2022, the Nasdaq Composite has come roaring back, rising 43% in 2023 as of this writing. Things have clearly taken a turn for the better.
Yet history tells us the rally is likely to continue. Going back more than 50 years, the year following a market rebound has generated additional gains of 19%, on average, for the tech-heavy index.
Source: Yahoo Finance
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