An Arab man who is driving a minivan in the West Bank city of Hebron has been spotted driving it as if it were an armored car.On Wednesday, a woman in her 20s was standing near the car when she noticed that the windshield was cracked, the local newspaper Ynet reported.She called the police, who confirmed the man was driving a black minivan, Ynet said.The woman and her friends called the car a "bag...
Apple shares rose as Japan’s stock market closed lower, as the Japanese central bank cut interest rates to try to push the company into higher gear.
The Dow Jones Industrial Average ended down 1.1%, while the S&P 500 index fell 2.2%.
Analysts had expected Apple to finish at or above its record high of 25,000.
“The Fed is trying to get the economy moving again,” said John Kohn, chief economist at JPMorgan Chase in New York.
The central bank is also pushing to make the yen stronger and has said it will raise interest rates at least once more in 2017.
Investors expect the Fed to raise interest-rate rates in March, as it is struggling to keep inflation in check.
The Japanese central banker has been working to boost growth, boost inflation and spur the economy to more productive use of resources.
Japan is now in a deep recession and is likely to be in another one by the end of the year, the central bank said last week.
“Japan’s economy has become weaker, not stronger,” said Taro Yoshida, head of emerging markets research at Nomura Holdings Inc in Tokyo.
The yen rose as much as 0.5% to 113.40 yen US/JPY.
Japan’s Nikkei 225 index of stocks fell 0.2% to 13,891.04, while the broader index of 10-year U.S. Treasury yields dropped 0.7% to 1.99%.
The dollar rose 0.3% to 102.30 yen.
“Investors are starting to realize that the central banks are trying to make up for the weakness of the economy,” said Daniel Turek, chief investment officer at Renaissance Capital Management LLC in New Jersey.
“It is really a big step forward for the U.N. and for the markets in general.”
Japanese stocks are expected to rebound this year after the central government announced it would cut interest-rates to ease the pressure on companies to keep spending.
The Tokyo Stock Exchange closed down 0.4% on Monday.
The Nikkee was down 0,837.75 points, or 0.6%, to 16,936.85.
The Nasdaq Composite was down 1,912.84 points, down 7.1%.
Dow Jones Index futures rose 1.6% to 5,051.25, while Russell 2000 rose 0% to 2,788.40.