Stock Market Update: Mixed Trends Continue to Plague Global Equities

Small losses on Wall Street; Digital World Acquisition surges 30%

Wall Street is experiencing a slight decline in the trade market, with the Nasdaq trading around fundamental levels, the Dow Jones down by 0.4%, and the S&P 500 down by 0.2%. Notable movements in the stock market include Digital World Acquisition jumping by around 30% due to its upcoming merger with Donald Trump’s social network, and Super Micro Computer’s stock surging by about 10% after a recommendation upgrade by JP Morgan.

In Europe, the markets are also experiencing mixed trends, with the DAX rising by 0.3%, the KAC trading around base levels, and the British FTSE falling by approximately 0.2%. A significant capital investment from a Saudi government fund boosted Lucid Group Trading’s share price, indicating a strategic move to diversify economic dependence on oil.

Investment houses have published optimistic forecasts regarding the S&P 500 index, with Oppenheimer raising its forecast to 5,500 and Goldman Sachs raising it to 6,000, mainly driven by large technology stocks. The trade war between the US and China is heating up as Chinese guidelines aim to block American processors in computers and government servers impact companies such as Intel, AMD, Microsoft and others.

Boeing’s CEO announced his resignation amidst ongoing issues with Boeing’s planes leading to an increase of approximately 3% in pre-trade stock price. The European Union has launched a counter-investigation against major tech companies like Alphabet (Google) and Meta Platforms (Facebook) under Digital Markets Act legislation to ensure fairness in digital markets.

Stock exchanges worldwide are trading with mixed trends; Nikkei is down by 1.2%, Hang Seng is up by 0.2%, Shanghai Stock Exchange trades at similar rate while Kospi index is down by

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