Overview
- U.S. stocks rose on Dec. 5 with the Dow up 104.05 points to 47,954.99 on expectations the Federal Reserve may deliver another rate cut next week.
- A day earlier, the Dow slipped 31.96 to 47,850.94 while the Nasdaq gained 51.05 to 23,505.14.
- Japan’s Nikkei closed down 536.55 at 50,491.87 after falling more than 800 points intraday as investors locked in profits.
- Selling focused on semiconductor heavyweights such as Tokyo Electron and Advantest, and a brief rise in long-term yields added pressure.
- The dollar traded in the low-155 yen range, with yen buying on Fed-cut bets offset by support for the dollar from higher U.S. long-term rates.