Overview
- The Dow Jones Industrial Average slipped 31.96 points to 47,850.94, while the Nasdaq Composite rose for a third straight session, adding 51.05 to 23,505.14.
- Profit-taking at elevated valuations weighed on the Dow, but pricing for another Fed cut at next week’s FOMC limited the decline.
- In New York trading, dollar–yen hovered around ¥155.07–¥155.17 with little direction as Fed-easing expectations encouraged yen buying but rising U.S. long-term yields supported the dollar.
- Tokyo’s Nikkei 225 opened sharply lower on Dec. 5, down about ¥657 at 50,371.05 by 9:15 a.m. local time following the mixed U.S. session.
- Among notable movers in the U.S., 3M and UnitedHealth fell, while Salesforce attracted buying.