The Dow Jones Industrial Average added 330.93 points, or 1%, to close at 33,375.49, while the S&P 500 advanced 1.89% to 3,972.61. Both indexes snapped a three-day losing streak. Meanwhile, the Nasdaq Composite rose 2.66%, with help from Netflix and Alphabet, to end the day at 11,140.43
- Wall Street climbs on Alphabets, Netflix lift.
- Netflix subscriber growth easily tops expectations.
- Stocks gain, dollar jumps.
- Google parent to lay off 12,000 workers as AI focus intensifies.
- China kicks off Lunar New Year holiday.
- For Chinese Lunar New Year tourists, retailers roll out rabbit dances, red lanterns.
- China plays down COVID outbreak with holiday rush at full tilt
- Iron ore futures buoyed by China demand sentiment despite early week slump.
- Oil up more than 1% on track the second week of gains on China demand outlook.
- Gold eases as dollar ticks up, but set for fifth weekly rise.
- Global refined copper market swings to deficit in November.
- Fortescue sees renewables overtaking iron ore business.
- Nickel stocks at 14 year low but Indonesian supply of NPI to fill the gap.
- Macquarie predicts nickel surpluses in 2023 and 2024 after price up 45% last year. Plentiful nickel supplies for electric vehicle industry.
Catch up on all the latest with Henry Jennings on today’s Pre-Market Podcast.
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