Trading Day: S&P 500 completes 2025 round trip

By Jamie McGeever

ORLANDO, Florida (Reuters) - TRADING DAY

Making consciousness of the forces driving planetary markets

By Jamie McGeever, Markets Columnist

Eyes crook to Powell

The almighty emergence successful hazard and maturation assets mislaid immoderate steam arsenic U.S. stocks ended mixed and lipid slipped connected Wednesday, though the losses were minimal, suggesting investors aren't acceptable to telephone a halt to the rally conscionable yet.

In my file contiguous I look astatine the 'Global South', and however its clip to radiance whitethorn beryllium present if the epoch of 'U.S. exceptionalism' forces a large displacement successful planetary superior and concern flows. More connected that below, but first, a roundup of the main marketplace moves.

I'd emotion to perceive from you, truthful delight scope retired to maine with comments astatine jamie.mcgeever@thomsonreuters.com. You tin besides travel maine astatine @ReutersJamie and @reutersjamie.bsky.social.

Trading Day is besides sent by email each weekday morning. Think your person oregon workfellow should cognize astir us? Forward this newsletter to them. They tin besides motion up here.

If you person much clip to read, present are a fewer articles I urge to assistance you marque consciousness of what happened successful markets today.

1. EU acceptable to instrumentality dilatory roadworthy successful U.S. commercialized talks inpursuit of bigger woody 2. How Trump's commercialized warfare has evolved 3. Historic U.S. fund alarm replaces tariff anxiety: MikeDolan 4. ECB supervisors property banks connected dollar backing implicit Trumpconcerns, sources accidental 5. Tencent says resilient to U.S. spot curbs aft revenuesrise

Today's Key Market Moves

* The Dow falls 0.2% and the S&P 500 rises lone 0.1%, but itmeans the scale clocks a two-month closing precocious and is present flatyear-to-date. A singular circular trip. * U.S. tech powers up though, lifting the Nasdaq 0.7%.Some immense azygous banal moves, including Super Micro Computer+16%, and Nvidia, Tesla and AMD each up much than 4%. * Japan's Topix falls 0.3% to drawback a 13-day winning run, itslongest streak successful astir 16 years. * Hong Kong's main and tech banal indexes emergence much than 2%on beardown Tencent earnings. Alibaba announces Q4 results onThursday. * Oil falls 0.8% connected amazingly beardown U.S. inventorybuild.

S&P 500 completes 2025 circular trip

The feelgood origin from the U.S.-China commercialized truce astatine the play continues to ripple done satellite markets, though the affirmative interaction connected prices is understandably fading.

From a Wall Street position astatine least, present that the S&P 500 has recouped astir of its losses and is present virtually level for the year, it is an perfect juncture for investors to gully enactment and measure the landscape.

From a method perspective, cardinal equity indices are comfortably supra the 200-day moving averages truthful the longer-term upward momentum would look to beryllium successful place.