Stock Market Update

[BRIEFING.COM] The selling impulse seen over the past hour has quieted and the major indices have moved off session lows. The Dow Jones Industrial Average, paced by gains in Caterpillar (CAT 403.30, +8.27, +2.1%), Microsoft (MSFT 446.64, +3.07, +0.7%), UnitedHealth Group (UNH 550.30, +2.78, +0.5%) and Goldman Sachs (GS 601.32, +1.64, +0.3%), which are among its highest-priced components, has edged back into positive territory. Boeing (BA 160.45, +6.52, +4.3%) is also providing a nice boost.

Elsewhere, Chinese stocks are powering higher today after Chinese leaders said they will pursue more proactive fiscal policy and moderately looser monetary policy in 2025.

Hong Kong's Hang Seng Index (+2.8%) rallied sharply in the closing stage of its trading session (when the news hit). That momentum has carried over into related stocks here, evidenced by the sharp gains in the KraneShares CSI China Internet ETF (KWEB 34.74, +3.65, +11.8%) and the iShares China Large-Cap ETF (FXI 33.69, +2.92, +9.5%).