FTSE 100 up after record-breaking Wall Street rally

The longest bull market in American history might be headed to its demise

The longest bull market in American history might be headed to its demise

USA stocks were attempting a modest rebound on Wednesday, boosted by technology shares and an Amazon-led jump in retailers, following four sessions of steep losses that pushed the S&P 500 and Dow Industrials near bear market territory.

The Dow Jones Industrial Average.DJI was up 196.31 points, or 0.90 percent, at 21,988.51 and the Nasdaq Composite.IXICwas up 98.42 points, or 1.59 percent, at 6,291.34.

The S&P 500 sank more than 2 per cent, before paring losses, unable to add to a 5 per cent surge that was the biggest since March 2009. The Dow slid 359 points, or 1.5 percent, to 22,520.

GE (GE) had its fifth-best day of the year Wednesday but fell close to 5% Thursday.

Markets were roiled ahead f the Chrismas break due to a number of political headlines taking the limelight.

Saudi Arabia demotes foreign minister in wake of Khashoggi case
Al Jubeir played a key role in putting a face on the Saudi response to Khashoggi's killing at its Istanbul consulate. Senate, however, passed a unanimous resolution saying it believes the crown prince is to blame for the murder.

Sentiment also improved after a Bloomberg News report said a US government delegation would travel to Beijing in early January to hold trade talks, the first face-to-face discussion since US President Donald Trump and Chinese President Xi Jinping agreed on a 90-day trade war truce.

White House economic advisor Kevin Hassett also sought to reassure on Powell's prospects, telling ABC News the Fed chief is "100%" safe.

Next, the White House offensive to shore up confidence in Federal Reserve Chairman Jerome Powell after verbal lashings by Trump looks to have finally gained traction.

While Japanese and Australian shares rose strongly, markets in mainland China as well as Hong Kong closed 0.4 per cent weaker after data showed earnings at China's industrial firms dropped in November for the first time in almost three years.

Homebuilders mostly rebounded after an early slide following a report indicating that annual US home price growth slowed in October.

Fans are outraged Redskins cut D.J. Swearinger after he criticized team
In addition to flirting with a national security threat to provide Wifi access at their stadium, the team cut safety D.J. Swearinger has questioned the Redskins' coaching at times during the 2018 regular season.

Apart from that this was also amid the concerns for the slowing of the economic growth.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.79 per cent from 2.75 per cent late Monday. Meanwhile, the S&P 500 has suffered its worst December on record. The exchange is closed on Tuesday for Christmas day.

THANKS, SANTA: Big retailers were among the gainers. Energy producers surged as crude oil powered past US$46 a barrel, an increase of nearly 10 per cent.

The offshore yuan was little changed after China released new rules promising to treat all companies equally, the latest positive step on the trade and investment front since further USA and Chinese tariff hikes were paused. The soaring share prices of technology companies - especially the so-called Faang companies, Facebook, Amazon, Apple, Netflix and Google - helped push stock markets to new highs.

Investors have been unnerved by the potential for weaker economic growth and a partial U.S. federal government shutdown.

Meghan Markle's Christmas curtsy to the Queen one year later
In the video above, Markle can be seen performing the song alongside her classmate and fellow future-actress, Natalie Fryman. The Duchesses of Cambridge and Sussex have been dogged by rumours they aren't bosom buddies for months.

The dollar strengthened to 111.36 yen from 110.41 yen on Monday. Marathon Petroleum rose 1.9 percent to $55.36. The euro rose to $1.1397 from $1.1353.

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