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...
Asia-Pacific markets opened mostly higher Tuesday, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead of key inflation data. Traders in Asia assessed Beijing's announcement of "more proactive" fiscal measures and "moderately" looser monetary policy next year aimed at boosting domestic consumption. The news, which came from an official readout late Tuesday after mainland China market had closed, sent Hong Kong's Hang Seng index nearly 3% higher. Hang Seng index futures were at 21,359, higher than the HSI's last close of...
Wall Street's main indexes finished lower on Monday, fueled by a decline in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week. Nvidia (NVDA.O), opens new tab fell after China's market regulator launched an investigation into the chipmaker over suspected violation of antimonopoly law, dragging down the information technology sector (.SPLRCT), opens new tab. According to preliminary data, the S&P 500 (.SPX), opens new tab lost 35.69 points, or 0.60%, to end at 6,053.68 points, while the Nasdaq Composite (.IXIC),...
The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares struggling and investors looking ahead to key inflation data due out this week. The tech-heavy Nasdaq and the broad market S&P 500 each lost 0.4%. The Dow Jones Industrial Average, on the other hand, hovered around the flatline. Nvidia shares dropped around 3% on the heels of a Chinese regulator announcing that it's investigating the AI chip darling for potentially violating the country's antimonopoly law. The stock has been a bellwether for the artificial intelligence trade, up about 179% in...
The Stoxx 50 and Stoxx 600 edged up on Monday, as investors prepared for a week of key developments, including the ECB's anticipated 25-basis-point rate cut on Thursday, its fourth this year. Markets are keen for hints on whether the ECB might accelerate rate cuts to aid Europe's struggling economy. Sentiment was further lifted by China's pledge to implement "moderately loose" monetary policies and "more proactive" fiscal measures, fueling hopes of increased domestic consumption and benefiting European luxury stocks like Kering, which jumped up to 4%. Volkswagen rose over 1% amid ongoing...
US stocks drifted in tight ranges Monday as investors consolidated recent gains ahead of the release of key inflation data this week for more cues on interest rates. At 09:35 ET (14:35 GMT), the Dow Jones Industrial Average was up 75 points, or 0.2%, while the S&P 500 index dropped 7 points, or 0.1%, and the NASDAQ Composite fell 40 points, or 0.2%. The S&P 500 and the NASDAQ Composite closed at fresh records Friday, rising around 1% and over 3% for the week, respectively. The Dow Jones Industrial Average lagged behind, closing the week down 0.6%.CPI data awaited for more rate cues...
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,...