The article provides a comprehensive update on global market trends and events as of December 27, 2024. Here are some key takeaways:
- Global Markets: The S&P 500 (^GSPC) fell below the flatline, while the tech-heavy Nasdaq (^IXIC) fell slightly. The Dow Jones Industrial Average (^DJI) closed up 28 points after flipping between positive and negative territory.
- Gold Prices: Gold prices saw a modest decline of nearly 0.4% to $2,641.30 per ounce amid thin year-end trading.
- UK Retailers: The number of UK retailers in ‘critical financial distress’ increased by around 25% quarter-on-quarter, with 2,124 retailers facing severe financial difficulties.
- South Korea: South Korea’s KOSPI Composite index (^KS11) finished 1% lower as political turmoil continues to roil the region. The country voted to impeach its interim president Han Duck-soo.
- Crypto Market: Bitcoin (BTC-USD) fell to hover near the $96,000 level, while crypto-linked stocks like MicroStrategy (MSTR) tracked the declines.
These updates provide a snapshot of global market trends and events as of December 27, 2024.
