On Wednesday, the S&P 500 Index rose by 0.32% to reach a new record high, while the Dow Jones Industrials Index increased by 0.60% and the Nasdaq 100 Index climbed by 0.27%. The U.S. stock exchanges, which closed early at 1 PM Eastern Time for Christmas Eve, received a boost from a 2.9 basis point decline in the 10-year Treasury note yield.
In economic indicators, U.S. weekly initial unemployment claims fell by 10,000 to 214,000 for the week ending December 20, surpassing expectations of 224,000. However, continuing claims rose to 1.923 million, above the anticipated 1.900 million. Additionally, the U.S. Q3 real GDP grew by 4.3%, exceeding market expectations of 3.3%.
Meanwhile, the PBOC signaled its commitment to long-term economic stability, refraining from sudden interest rate cuts amid ongoing economic challenges. Overseas, China’s Shanghai Composite gained 0.53%, continuing its streak of six consecutive daily gains.
