Israeli tanks, ships, and jets pounded parts of Gaza on Tuesday (October 7), offering no respite to Palestinians on the anniversary of the Hamas offensive that led to the two-year war and underscoring the challenges in negotiations over Donald Trump's plan to end the conflict. Israel continued its attacks, local residents said, after Hamas and Israel began indirect negotiations on Monday in the Egyptian resort of Sharm el-Sheikh on sensitive issues such as the withdrawal of Israeli troops from Gaza and Hamas' disarmament. The talks over the US president's plan are widely seen as the most...
U.S. stocks gyrated on Tuesday, as investors analyzed the latest batch of first-quarter earnings reports and enjoyed a recent decline in market turmoil. The Dow Jones Industrial Average lost 155.83 points, or 0.38%, to close at 40,368.96. The S&P 500 declined 0.17% and ended at 5,396.63, and Nasdaq Composite ticked down 0.05% and settled at at 16,823.17. The three averages are coming off back-to-back winning sessions. Tuesday's muted moves were in stark contrast to the volatile swings seen in recent sessions. The Cboe Volatility Index (VIX), known as Wall Street's "fear gauge," fell...
European stocks closed firmly higher on Tuesday, extending the sharp gains from last session after prospects that the US could pause tariffs for autos and parts supported key sectors of the European economy. The Eurozone's STOXX 50 gained 1.2% and the pan-European STOXX 600 jumped 1.6%. Investor sentiment was buoyed by President Trump's remarks on Monday, indicating he is considering temporary exemptions on tariffs for imported vehicles and parts to give automakers more time to expand US-based production. Besides aiding companies with exposure to the auto sector, the remarks supported hopes...
The three major averages in the US were up nearly 0.3% on Tuesday, as investors weighed trade war developments against rising hopes for a temporary pause in auto tariffs. President Trump said on Monday he is considering temporary exemptions on tariffs for imported vehicles and auto parts, aiming to give manufacturers more time to ramp up US-based production. At the same time, the Commerce Department announced a new investigation into the national security implications of semiconductor and pharmaceutical imports, a move seen as laying the groundwork for fresh tariffs in those sectors. In...
The Hang Seng rose 49 points or 0.23% to finish at 21,466 on Tuesday, extending its winning streak to a sixth session and holding at a two-month peak. U.S. tariff exclusions on specific electronics continued to support sentiment, which helped ease concerns about President Trump's reciprocal tariffs on China. At the same time, U.S. futures were slightly higher after back-to-back gains on Wall Street S&P 500 Monday, with attention shifting to upcoming Q1 earnings results. However, advances were capped as investors awaited more clarity on trade developments, particularly after the U.S....
Stocks in Europe were higher on Tuesday, with both the STOXX 50 adding 0.3% and the STOXX 600 rising about 0.7%, as optimism grew over a potential pause in auto tariffs and the earnings season gained momentum. Investor sentiment was buoyed by President Trump's remarks on Monday, indicating he is considering temporary exemptions on tariffs for imported vehicles and parts to give automakers more time to expand US-based production. The auto sector led the gains, with Mercedes-Benz climbing 2.9%, BMW 2.5%, Volkswagen 2.8%, Stellantis 4.3%, and Renault 1.9%. Other sectors also traded in...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Israeli tanks, ships, and jets pounded parts of Gaza on Tuesday (October 7), offering no respite to Palestinians on the anniversary of the Hamas offensive that led to the two-year war and...