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en:ecrit:articles-en [2025/11/10 11:33] – [Private donors gave more than $125M to keep foreign aid programs going after US cuts] natashaen:ecrit:articles-en [2025/11/10 11:34] (current) – [US stocks rally toward more records ahead of pivotal week for Wall Street] natasha
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-===== US stocks rally toward more records ahead of pivotal week for Wall Street =====+===== King Charles III leads Britain's Remembrance Sunday ceremony for war dead =====
  
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-NEW YORK (AP) — Stocks are climbing toward more records on Monday ahead of a week packed with potentially market-moving events for Wall Street.+By JILL LAWLESS Associated Press
  
-The S&P 500 rose 0.8%. The Dow Jones Industrial Average was up 210 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.3% higher. All are adding to their latest all-time highs set on Friday.+LONDON (AP) — King Charles III led Britain's annual ceremony of remembrance for the country's war dead on Sunday, under November sunshine and the shadow cast across Europe by the almost 4-year-old war in Ukraine.
  
-Stocks also rallied in Asia ahead of a meeting on Thursday between the heads of the United States and China. The hope is that the talks could clear rising tensions between the world's two largest economies and allow the global economy to keep motoring.+As Parliament's Big Ben bell tolled 11 a.m., thousands of military personnel, veterans and members of the public gathered in central London fell still for two minutes of silence, broken by a single artillery blast and Royal Marines buglers sounding "The Last Post."
  
-U.S. Treasury Secretary Scott Bessent said there's "a framework" for U.S. President Donald Trump and Chinese leader Xi Jinping to discuss at their meeting, while Trump said, "We feel good" about working things out with China.+The 76-year-old king, dressed in the uniform of an army field marshal, laid a wreath of red paper poppies on a black background at the base of the Cenotaph war memorial. Erected over a century ago to honor the British and allied troops killed in World War I, it has become the focus of annual ceremonies for members of military and civilian services killed in that war and subsequent conflicts.
  
-That's just one of many things that will need to go right this week in order for the U.S. stock market's tremendous, record-breaking rally to continue. The S&P 500 has shot up a stunning 37% since hitting a low in April, when worries about Trump's tariffs on China and other countries were at their peak. Besides hopes for easing trade tensions, the rally has also been built on expectations for several more things to happen.+The national ceremony of remembrance is held every year on the nearest Sunday to the anniversary of the end of World War I on Nov. 11, 1918, at 11 a.m. Similar memorial services are held in dozens of towns and cities across Britain and at U.K. military bases overseas.
  
-One is that the Federal Reserve will keep cutting interest rates in order to give the slowing job market a boost. The Fed's next announcement on interest rates is due on Wednesday, and the nearly unanimous expectation among traders is that it will cut the federal funds rate by a quarter of a percentage point for a second straight meeting.+A military band played as heir to the throne Prince William followed his father in laying a wreath on the simple Portland stone monument inscribed with the words "the glorious dead."
  
-It's not a certainty though, because the Fed has also warned it may have to change course if inflation ends up accelerating beyond its still-high level. That's because low interest rates can make inflation worse.+Wreaths were also laid by Prime Minister Keir Starmer, other political leaders and diplomats from across the Commonwealth of Britain's former colonies.
  
-The latest monthly report on inflation came in slightly better than economists expected, raising hopes, but it may be the final update for a while if the U.S. government's shutdown continues. That could cloud the forecast for cuts to rates to continue.+Queen Camilla, the Princess of Wales and other members of the royal family watched from their traditional place on a balcony of the Foreign, Commonwealth and Development Office.
  
-Besides low interest rates, another expectation that's propped up stock prices is the forecasts that U.S. companies will continue to deliver solid growth in profits.+Many of the wreaths were made of poppies, and most people in attendance wore paper poppies on their lapels. The scarlet flowers that bloomed on the muddy battlefields and makeshift graveyards of northern France and Belgium during World War I — made famous by the poem "In Flanders Fields" — have become a symbol of remembrance in Britain and other countries.
  
-Keurig Dr Pepper climbed 4.9% Monday after reporting profit for the latest quarter that matched analysts' expectations. The company behind the Canada Dry and Green Mountain coffee brands said it benefited from higher prices for K-Cup products, among other things+Like many other NATO members, Britain has increased its defense spending since Russia's full-scale invasion of Ukraine in February 2022. Britain says it will spend 3.5% of GDP on defense by 2035.
  
-Some of Wall Street's most influential stocks are also set to report their latest results this upcoming week, including Alphabet, Meta Platforms and Microsoft on Wednesday, and Amazon and Apple on Thursday. They'll need to deliver big growth and justify big spending that's underway in artificial-intelligence technology.+After the wreath-laying, some 10,000 military veterans with gleaming medals marched past the Cenotaph, accompanied by jaunty military music and applauded by well-wishers lining the sidewalks. Among them, in wheelchairs, were about 20 of the dwindling band of WWII veterans, the youngest of them 98 years old.
  
-Worries have been climbing that AI may be in the midst of a bubble, similar to the dot-com bonanza that ended up bursting in 2000. +Donald Poole, 101, who served in as a Royal Army Ordnance Corps explosives handler in the conflict that ended 80 years ago, said it was "a great honor to be able to pay tribute to the poor souls who have died in all conflicts.
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-In stock markets abroad, indexes were mixed in Europe amid mostly modest moves following bigger gains in Asia. +
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-Stocks rose 1.2% in Shanghai and 1% in Hong Kong. They rose even more in Tokyo, where the Nikkei 25 jumped 2.5%, and in Seoul, where South Korea's Kospi rallied 2.6%. +
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-In the bond market, the yield on the 10-year Treasury was holding steady at 4.02%, where it was late Friday. +
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-AP Business Writers Matt Ott and Elaine Kurtenbach contributed.+
  
 +"I know how lucky I am to still be here thanks to all those who have fought and served, past and present," he said. "I also want to pay tribute to the civilian services who suffered during the Second World War, particularly the fire service, who saved so many lives during the Blitz — many of whom lost their own."
 ===== With pharaoh-like fanfare, Egypt unveils a huge new museum dedicated to its ancient civilization ===== ===== With pharaoh-like fanfare, Egypt unveils a huge new museum dedicated to its ancient civilization =====