Stock Markets Rally, Oracle Surges; Bond Yields Temper Gains

Stock markets closed higher on Friday, driven by a surge in cloud infrastructure stocks and Oracles seven percent jump following TikToks US joint venture announcement. Despite mixed US economic signals, historical data suggests a bullish trend for stocks in the last two weeks of December. Higher bond yields, including a twenty-six-year high in Japan, tempered gains. New York Federal Reserve President John Williams expressed optimism, projecting US GDP growth of one and a half to one and three-quarters percent this year. Market volatility was heightened by the quarterly event known as triple witching.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.