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SanDisk (SNDK.O) shares surged more than 10% in after-hours trading after the company was included in the S&P 500 index.S&P predicts that Canadas unemployment rate will gradually decline from 2026.On November 25th, Deutsche Bank Research Institute pointed out that 2026 will see another strong rally driven by artificial intelligence, with the S&P 500 index expected to break through the 8,000-point mark by the end of next year. Jim Reid, Global Head of Macro and Thematic Research at the bank, said on Monday: “Rapid investment and application in the AI field will continue to dominate market sentiment. Given the rapid momentum of technological progress, we have good reason to believe that this will translate into substantial productivity gains in the future. However, the ultimate winners and losers will depend on a complex interplay of multiple factors, many of which may not become apparent until after 2026.” Reid added, “The 8,000-point year-end target set by our US equity strategist (the most optimistic analyst on the team) is particularly noteworthy, given their excellent track record of predictions.”On November 25th, U.S. stocks rose across the board on Monday, rebounding during the Thanksgiving holiday week after a decline that had dampened the previous AI bull market. Google shares performed strongly on Monday, closing up more than 6%. Investors have become more optimistic about the companys position in the AI competitive landscape. Google released an upgraded AI model, Gemini 3, last week, just eight months after the release of Gemini 2.5. "This is certainly good for Google and its investors, but Im always wary when I see a single stock leading the market," said Melissa Brown, managing director of investment decision research at SimCorp. "This doesnt necessarily mean a comprehensive improvement in market fundamentals. In my view, its unlikely to be a sustainable driver of a sustained market rally." Market volatility could increase as trading volumes are expected to be thin in the coming days and there is a lack of significant catalysts ahead of the Federal Reserves December policy meeting. Brown pointed out that upcoming economic data—including September retail sales and producer price indices released on Tuesday—could signal a "stagflationary environment" and could become a new trigger for volatility.On November 25th, Russian Presidential Aide Ushakov stated on the 24th that Russia is aware of the peace plan proposed by Europe to end the Ukraine crisis, but that the plan is neither constructive nor in Russias interest. Ushakov made this response in an interview with Russian media. Western media view this "European plan" as a "counter-proposal" from Europe to the 28-point new plan proposed by the United States.

At market close, Israeli equities dropped; the TA 35 index declined 0.64 percent

Aria Thomas

Jul 05, 2022 11:10


The Israel stock market declined on Monday evening, with losses in the Banking, Insurance, and Financials sectors leading the slide.


At the market's close in Tel Aviv, the TA 35 fell 0.64 percent.


During the session, Energix (TASE:ENRG) had the best performance on the TA 35, collecting 5.27 percent of 61.00 points to end at 1,218.00. Strauss Group (TASE:STRS) jumped 2.07 percent, or 180 points, to $8,859.00 at the conclusion of trade, while Azrieli Group Ltd (TASE:AZRG) advanced 1.08 percent, or 270 points, to $25,300.00 in late trading.


Israel Corp (TASE:ILCO) ended the day with the worst performance, sliding 3.96 percent, or 6,240.00 points, to 151,260.00. ICL Israel Chemicals Ltd (TASE:ICL) closed the day at 3,097.00, down 3.07 percent, or 98.00 points, while Kenon Holdings Ltd (TASE:KEN) down 2.28 percent, or 310.00 points, to 13,310.00.


On the Tel Aviv Stock Exchange, decreasing stocks outnumbered rising stocks by a ratio of 276 to 201, with 39 remaining unchanged.


The August delivery price per barrel of crude oil increased 1.82 percent, or $1.97, to $110.40. Brent oil for September delivery rose 1.75 percent, or $1.95, to $113.58 per barrel, while the August Gold Futures contract rose 0.28 percent, or $5.00, to $1,802.50 per troy ounce.


The USD/ILS exchange rate fell 0.60 percent to 3.50, while the EUR/ILS exchange rate fell 0.64 percent to 3.65.


The US Dollar Index Futures climbed 0.07 percent to 104.98.