KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
The S&P 500 inched to a fresh record close on Wednesday, with all three major indexes advancing as investors awaited Nvidia’s much-anticipated quarterly results.
Market Highlights
S&P 500 Index (.SPX.US): +0.3% to 6,481.40, setting a new closing record and surpassing its Aug. 25 peak of 6,468.54. Intraday high reached 6,487.06.
Nasdaq Composite (.IXIC.US): +0.2% to 21,590.14.
Dow Jones Industrial Average (.DJI.US): +0.3% to 45,565.23.
Nvidia in Focus
Market Cap: ~US$4.4 trillion, making it the largest component of the S&P 500, Nasdaq, and a key Dow stock.
Analyst Expectations: Q2 revenue projected at US$46.2 billion, +53% YoY.
Stock Reaction: Closed down 0.1% before results, then slipped another 2.5% after hours despite topping estimates.
Investor Sentiment
Poll on Nvidia’s Thursday trading outlook (73 votes, 6 days left):
Rise 0%–5%: 11%
Rise >5%: 5%
Fall 0%–5%: 66%
Fall >5%: 18%
Movers: Magnificent Seven
Gainers: Microsoft (+1%), Apple (+0.5%), Alphabet (+0.2%), Amazon (+0.1%).
Decliners: Meta (–0.9%), Tesla (–0.6%), Nvidia (–0.1%).
Notable Decliners
Opendoor Technologies (OPEN.US): –14.5% after pulling back from last week’s 39% rally on Fed optimism.
Bitmine Immersion Tech (BMNR.US): –7.9% as Ethereum prices retreated.
Energy Fuels (UUUU.US): –7.4% after giving back gains from rare-earths deal with Vulcan Elements.
Notable Gainers
MongoDB (MDB.US): +38% after beating Q2 earnings and guiding higher.
Kohl’s (KSS.US): +24% on stronger-than-expected adjusted Q2 earnings.
Serve Robotics (SERV.US): +13.1% after Wedbush initiated coverage with “Outperform” and a US$15 target (vs. US$11.61 close).
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