Stock market turning slightly upwards

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Stock market turning slightly upwards
Photo: Pontus Lundahl/TT

The Stockholm Stock Exchange opened lower, but after just over an hour of trading, it turned positive. The OMXS index rose 0.1 percent just after 10 a.m.

SKF's share price plummets 6.4 percent after its annual report for 2025. Second is home appliance company Electrolux, whose share price is soaring 16 percent after its annual report.

The index-heavy major banks are also doing well.

On Wall Street, Thursday ended sharply lower for the technology-heavy Nasdaq, with cloud giant Microsoft plummeting 9 percent after a report.

Gold and silver prices are falling while the dollar is climbing after reports emerged that former Fed governor Kevin Warsh is on the verge of being nominated as the successor to Federal Reserve Chair Jerome Powell, whose term expires in May.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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