Overview
- Dow Jones rose 104.05 points to 47,954.99 on Dec. 5, with buying supported by stronger expectations for a Federal Reserve rate cut.
- Nasdaq gained 72.99 to 23,578.13 for a fourth straight advance after inflation data aligned with forecasts.
- The prior session saw a brief setback, with the Dow slipping 31.96 to 47,850.94 as investors took profits near recent highs.
- Tokyo’s Nikkei fell sharply on Dec. 5, dropping more than 800 yen intraday and closing lower as semiconductor shares retreated and higher long-term yields weighed on sentiment.
- The dollar traded in the low ¥155 range, with yen moves muted as markets weigh Fed easing prospects against rising long-term yields and watch the BOJ’s Dec. 18–19 meeting following Governor Kazuo Ueda’s pledge to judge a hike appropriately.