{"id":5797,"date":"2018-12-26T23:28:12","date_gmt":"2018-12-26T23:28:12","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/us-stock-markets-rally-after-pre-christmas-slump\/"},"modified":"2018-12-26T23:28:12","modified_gmt":"2018-12-26T23:28:12","slug":"us-stock-markets-rally-after-pre-christmas-slump","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/us-stock-markets-rally-after-pre-christmas-slump\/","title":{"rendered":"US stock markets rally after pre-Christmas slump"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"A screen displays the Dow Jones Industrial Average after the close of trading on the floor of the New York Stock Exchange in New York City, December 26, 2018\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/8C23\/production\/_104957853_051340958.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Reuters<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Stock markets in the US have seen significant rises, with the Dow Jones up by nearly 5% and the technology-focused Nasdaq rising by nearly 6%.<\/p>\n<p>It contrasts strongly with the run-up to Christmas when stocks suffered their worst weekly falls in a decade.<\/p>\n<p>Analysts say data from MasterCard showed US holiday retail sales up 5.1%, the strongest growth in six years.<\/p>\n<p>Confidence was also boosted by White House assurances that Federal Reserve chairman Jerome Powell&#8217;s job was safe.<\/p>\n<p>Investors have been concerned by reports that President Donald Trump had discussed firing Mr Powell.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"http:\/\/www.bbc.co.uk\/news\/world-us-canada-46668944\" class=\"story-body__link\">US shutdown could stretch into new year<\/a><\/li>\n<li class=\"story-body__list-item\"><a href=\"http:\/\/www.bbc.co.uk\/news\/business-46624722\" class=\"story-body__link\">Fed raises rates despite Trump opposition<\/a><\/li>\n<\/ul>\n<p>The partial US government shutdown and continuing US-China trade tensions also contributed to the recent downturn. <\/p>\n<p>&#8220;The market is extremely oversold where we left it [on Monday],&#8221; said Brett Ewing, chief market strategist at First Franklin Financial Services, based in Florida. <\/p>\n<p>&#8220;You cannot make the assumption that this correction is over, but today&#8217;s action is definitely a very positive signal.&#8221;<\/p>\n<p>On Monday, President Trump lashed out at the Federal Reserve, the US central bank, as the stock market plunged.<\/p>\n<p>The president said the Fed was &#8220;the only problem&#8221; of the US economy.<\/p>\n<p>White House economic adviser Kevin Hassett later tried to calm Wall Street jitters, telling ABC News that Mr Powell&#8217;s job was &#8220;100%&#8221; safe.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46690452\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Reuters Stock markets in the US have seen significant rises, with the Dow Jones up by nearly 5% and the technology-focused Nasdaq rising by nearly 6%. It contrasts strongly with the run-up to Christmas when stocks suffered their worst weekly falls in a decade. Analysts say data from MasterCard showed US holiday retail &hellip; <\/p>\n","protected":false},"author":0,"featured_media":5798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=5797"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/5797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/5798"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=5797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=5797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=5797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}