Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
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U.S. stock markets closed higher on Monday, extending recent gains as investors look to finish the year on a strong note despite thinning trading volumes in a holiday-shortened week. The S&P 500 rose 0.5% by the closing bell at 4 p.m. ET, while the Nasdaq 100 gained 0.6%. The Dow Jones Industrial Average also advanced around 0.5%, adding roughly 227 points, reflecting broad-based optimism across major sectors.
Market participants expect quieter trading sessions in the coming days as U.S. exchanges shift to a shortened holiday schedule. Wall Street will close early on Wednesday and remain closed on Thursday for Christmas Day, conditions that typically reduce liquidity and can amplify short-term price movements. Historically, such periods see lighter volumes, which may contribute to sharper swings even on modest news flow.
Financial stocks were among the standout performers, continuing a strong rally that has pushed the sector to recent highs. Major Wall Street banks extended their upward momentum, with Citigroup shares jumping more than 3% to reach a new 52-week high. Investor confidence has been supported by robust deal-making activity, steady trading revenues, and renewed optimism around potential deregulation in the financial services sector. Shares of Blackstone, Charles Schwab, and BlackRock also posted notable gains, helping lift the broader financial sector by more than 1%.
Technology and artificial intelligence-related stocks also contributed to the market’s strength. After a recent pullback, AI leaders such as NVIDIA, Oracle, and Broadcom rebounded, signaling renewed confidence in the long-term growth prospects of the AI trade. Their recovery provided additional support to the broader equity market, particularly the Nasdaq.
Meanwhile, investors continued to monitor developments surrounding the Federal Reserve’s leadership transition. With Fed Chair Jerome Powell’s term ending in May and President Donald Trump reportedly interviewing several potential successors, markets are closely analyzing signals related to future interest rate policy and monetary strategy, factors that could shape market direction in the months ahead.
