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Global Markets Updates: There was a decline in the market due to profit-taking in America, due to which the beginning of the last week of the year was dull. After last week’s rise, there was weakness in the shares of major technology companies. Earlier, due to these shares, the S&P 500 index had reached a record high.

The information technology sector had a direct impact on the S&P 500. Most of the tech and AI stocks recorded a decline. Shares of Nvidia fell 1.2 percent, while Palantir Technologies fell 2.4 percent.

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At the close of trading on Monday, the S&P 500 index fell 24.20 points, or 0.35 percent, to 6,905.74. The Nasdaq Composite fell 118.75 points, or 0.50 percent, to 23,474.35. Whereas Dow Jones fell 249.04 points or 0.51 percent and closed at 48,461.93.

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metals lost their shine

Meanwhile, the shine of metals has also faded. A decline was seen in all major metals including gold and silver. The price of gold has fallen by about $200 from its record high level. At the same time, silver has fallen by $9 below its record level, which is a decline of more than 10 percent.

A decline of about 16 percent was recorded in platinum and palladium. The price of copper has fallen 4 percent from its record high level. Palladium saw the biggest fall in a day after 2020. This is also considered to be the biggest fall of gold in two months. Silver has also registered its biggest decline since September 2020.

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Attack on Putin’s residence?

Russia has claimed that President Vladimir Putin’s residence has been attacked. It is alleged that Ukraine carried out this attack through drones. It is being told that 91 drones were used in the attack. Putin’s residence is located in the Novgorod region.

After the attack, Russia retaliated against Ukraine. After this incident, Putin talked to Donald Trump and informed him about the situation to Ukraine. Russia says that the status of talks may change after this incident.

However, Ukraine has denied the allegations of attack on Putin’s residence. Ukraine said that Russia is making false claims in this matter. Ukraine also expressed fear that Russia might now target its government buildings. Trump said that attacking someone is one thing, but attacking someone’s house is another thing. He said that this is not the right time to do all this.

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Trump’s threat to Iran

US President Donald Trump met Israeli Prime Minister Benjamin Netanyahu in Florida. During this, Trump said that if Iran develops its nuclear capabilities again, he can support an attack on it. He also said that Iran is trying to increase the production of ballistic missiles.

Along with this, Trump also warned Hamas. He said that Hamas has very little time to lay down its arms. If this is not done then there will be serious consequences.

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Powell on Trump’s target

US Federal Reserve Chairman Jerome Powell is also Trump’s target. Trump said that the new Fed Chairman will be announced at the right time. He also said that Powell should resign and if necessary, he can also be removed. According to Trump, the new chairman can be announced any time in January.

Asian market

A mixed trend is being seen in Asian markets. Gift Nifty is trading at 25,927, down 39 points or 0.15 percent. Japan’s Nikkei index is down 0.16 percent.

The Hang Seng Index is up 0.27 percent, while the Straits Times is trading up 0.34 percent. A decline of 0.51 percent has been recorded in the Taiwanese market. Kospi index is down 0.20 percent. At the same time, Shanghai Composite Index is also trading with a slight decline of 0.06 percent.

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