If it just seems like the first Friday of the month wasn't the same without being able to pore through the Bureau of Labor Statistics' hotly watched monthly jobs report, don't worry. You probably didn't miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside the government data suggest the labor market just plodded along in September. The Dow Jones consensus forecast was for growth of 51,000 in nonfarm payrolls with the unemployment rate holding steady at 4.3%. High-frequency data that includes job postings, private payrolls and state-by-state figures...
The Dow Jones Industrial Average was higher Thursday, rebounding from its 10th straight loss.The 30-stock Dow added 164 points, or 0.3%. The S&P 500gained 0.3%, alongside the Nasdaq CompositeShares of artificial intelligence darling Nvidia which weighed down the Dow in the previous session, traded 2% higher. Gains in financial stocks, including JPMorgan Chase and Bank of America led the recovery in equities Thursday alongside industrials, health care and utilities. Stocks plunged Wednesday after the Federal Reserve struck a heavy blow against the roaring bull market, signaling that it...
European markets fell sharply at the open on Thursday, following global markets lower after the U.S. Federal Reserve hinted yesterday that a small rate cut was imminent. The pan-European Stoxx 600 fell 1.26% shortly after the start of trading, with all sectors in negative territory. The lower open in Europe was anticipated following a sell-off on Wall Street on Wednesday after the Fed, which cut its overnight lending rate by 25 basis points to a target range of 4.25% to 4.5%, signaled there would likely be only two rate cuts in 2025, instead of the four cuts it had previously...
The Hang Seng fell 112 points, or 0.6%, to close at 19,753 on Thursday after an upbeat session the previous day, dragged down by broad-based declines across sectors. Investors held off on entering fresh positions after the U.S. Fed cut borrowing costs for the third time this year but warned it would slow the pace of interest rate cuts next year. Meanwhile, cautious traders awaited China's key monthly lending rate decision on Friday after it hit a record low in November. The market pared early losses, however, on a report that battery maker CATL is considering a second listing in Hong Kong...
Japanese stocks fell after the close on Thursday, as losses in the Communications, Steel and Transportation Equipment sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.80%. The best performers on the Nikkei 225 were Nissan Motor Co., Ltd. (TYO:7201), which rose 6.51% or 27.20 points to trade at 444.80 at the close. Meanwhile, IHI Corp. (TYO:7013) gained 4.93% or 404.00 points to close at 8,604.00 and Kawasaki Heavy Industries, Ltd. (TYO:7012) gained 3.24% or 206.00 points to 6,570.00 in late trade. The worst performers on the session were Rakuten Inc (TYO:4755),...
Hong Kong stocks plunged 212 points, or 1.0%, to 19,653 in morning trade on Thursday after a big gain the previous day, pressured by a sharp drop on Wall Street overnight after the U.S. Fed cut interest rates for the third time this year, as expected, but halved the number of rate cuts anticipated for next year to two. The market was near a two-week low, with all sectors dragging down the Hang Seng Index. China Vanke Co. Its shares plunged 4.5% after Bloomberg News reported that Chinese regulators have asked the country's largest insurers to disclose their financial exposure to the troubled...
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...
The U.S. government shut down much of its operations on Wednesday as deep partisan divisions prevented Congress and the White House from reaching a funding deal, setting off what could be a long,...