
Thompson after police found him carrying a pistol, a silencer, a mask and fake identification cards. Mangione had in his possession a suspected “ghost gun” — which lacks a serial member — capable of firing 9 mm rounds, authorities said.
China trade in November misses expectations
China’s exports and imports both missed expectations in November, fueling worries over the health of the Chinese economy. Exports rose 6.7% in U.S. dollar terms from a year ago, sharply lower than the 12.7% growth in the previous month and missing forecasts of a 8.5% rise. Import data surprised with a decline of 3.9%, compared to a 0.3% rise expected by economists.
Most Asia markets gain, breaking ranks with Wall Street
Most markets rose in Asia, shrugging off the weaker close overnight on Wall Street. South Korea’s Kospi led gains, rising 2.4%. The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares lagging. The tech-heavy Nasdaq shed 0.62%, while the S&P fell 0.61%. The Dow Jones Industrial Average declined by 0.54%.
[PRO] Investing in mid-caps may be the way to go in 2025
Mid-cap stocks could be the sweet spot for investors in 2025, having been outperforming recently. Many investors expect further gains for mid-caps, which offer better quality businesses than small-caps, as well as stronger growth prospects than large-caps.
The bottom line
Technology stocks have underpinned the impressive rally in US stocks this year. But they are not immune from the laws of gravity.
instead.
Previous trade skirmishes have centered on areas such as metals, farm products, and automobiles. With a tougher stance on China expected from the incoming Trump administration, could the next trade war instead be focused around chips, which arguably have permeated every facet of our lives?
— CNBC’s Samantha Subin contributed to this report.
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