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 Nikkei 225 Index declined by 0.8% to around 38,030, while the broader Topix Index lost 0.2% to 2,693 on Thursday, as Japanese shares hit multi-week lows, largely driven by losses in the technology sector. The drop followed a sharp decline in Nvidia's stock after-hours, despite the company reporting better-than-expected quarterly results and providing strong forward guidance. Nvidia's struggles weighed heavily on the broader tech sector, with notable losses from Advantest (-4.1%), Disco (-2.7%), Lasertec (-1.4%), SoftBank Group (-2.4%), and Tokyo Electron (-1.4%). Other key index...
Asia-Pacific markets mostly fell on Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results. Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%, 262%, and 265%, respectively. Net income during the quarter rose to $19.3 billion, versus $9.24 billion in the same period a year ago. All eyes are on Indian stocks related to billionaire Gautam Adani, after the chair of India's Adani Group...
US stocks struggled to find footing in the final minutes of Wednesday trading as investors braced for Nvidia Corp. earnings and weighed the latest Ukraine-Russia tensions. The dollar rose. The S&P 500 ended the day little changed as did the Nasdaq 100. The technology heavy gauge fell more than 1% intraday following Ukraine's missile strikes on Russia. Investors are awaiting Nvidia Corp.'s quarterly results after the market close to gauge if the stock can continue its remarkable run. Shares of the world's most valuable company fell 0.8% at the...
European markets traded higher Wednesday as investors keep an eye on a spike in tensions in the Ukraine-Russia war. The pan-European Stoxx 600 was 0.3% higher by mid-afternoon, with the majority of sectors in positive territory. The FTSE 100 was broadly flat after data released earlier showed U.K. inflation picked up sharply to a higher-than-expected 2.3% in October. The best performer on the Stoxx 600 index was Sage Group, up around 19%, after the British software company reported a better-than-expected 21% rise in full-year operating profit. The worst performer on the index was national...
Stocks fell on Wednesday, as investors awaited a key earnings report from tech giant Nvidia and digested disappointing results from Targe The Dow Jones Industrial Average rose 40 points, or 0.1%. The S&P 500 fell 0.4%, and the Nasdaq Composite dropped 0.5%. "Like most investors, we will be watching NVIDIA's earnings report today for clues on how AI spending is coming in," Chris Senyek of Wolfe Research wrote in a Wednesday note. "We see negative news flow or disappointing spending trends as one of the key risks that could delay or even reverse the decline into the end of the...
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,...