Dow Jumps Over 300 Points; US Industrial Production Beats Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
0mins
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks rose this morning, with the Dow Jones gaining over 300 points, while consumer discretionary shares surged by 1.4%. Notable stock movements included Nukkleus Inc. up 80% and Versus Systems Inc. up 45%.
Economic Indicators: U.S. industrial production increased by 0.9% in December, exceeding expectations, while housing starts rose significantly by 15.8%, although building permits saw a slight decline of 0.7%.
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About TGL
Treasure Global Inc. is a holding company. The Company, through its wholly owned subsidiary, ZCity Sdn Bhd (ZCITY), engages in the payment processing industry and operates an online-to-offline (O2O) e-commerce platform known as ZCITY. The Company has business interests in creating an O2O e-commerce platform with an instant rebate and affiliate cashback program business model, focusing on providing a seamless payment solution and capitalizing on big data using artificial intelligence technology. The Company's product is an Internet application (app) called ZCITY App. ZCITY App drives user app download and transactions by providing instant rebate and cashback. The ZCITY App targets consumers through the provision of personalized deals based on consumers' purchase history, location and preferences. Its technology platform allows it to identify the spending trends of its customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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