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...
US stocks edged higher on Thursday amid a mix of earnings optimism and tariff uncertainty. The S&P 500 and Nasdaq each rose 0.4%, while the Dow gained 117 points, supported by Nvidia's strong report and upbeat corporate news such as Boeing's production plans. Nvidia shares rose 3.2% after beating quarterly sales estimates, boosted by demand for AI chips despite warnings that U.S. export curbs on China could shave $8 billion off next quarter's sales. However, market gains were capped by the ongoing legal battle over President Donald Trump's tariffs. A federal court initially blocked...
European stocks erased early gains on Thursday, with the STOXX 50 closing flat at 5,377 and the STOXX 600 down slightly to 548, each up more than 1% during the session. Initial optimism following a ruling by the U.S. Court of International Trade, which found that President Donald Trump had exceeded his authority in imposing reciprocal tariffs and ordered the government to stop collecting them, faded as investors weighed the possibility that the administration would pursue alternative legal avenues to defend its trade policies. Attention also turned back to the U.S. economic outlook amid...
Stocks advanced on Thursday after a federal court knocked down President Donald Trump's "reciprocal" tariffs and as Nvidia shares staged a post-earnings rally. The S&P 500 climbed 0.5%, while the Nasdaq Composite advanced 0.9%. The Dow Jones Industrial Average gained 78 points, or 0.2%, weighed down by a slide of more than 5% in Salesforce following earnings. The U.S. Court of International Trade ruled on Wednesday night that Trump overstepped his authority when he imposed his "reciprocal" tariffs. The court ordered that the challenged tariff orders be vacated. Trump's changing...
The Hang Seng surged 315 points or 1.4% to close at 23,573 on Thursday, recovering from the prior day's drop after a U.S. court ruled that President Trump exceeded his authority by imposing broad tariffs on U.S. trade partners. Although the White House appealed the decision and could escalate it to the Supreme Court, the verdict raised hopes that Trump might ease the highest tariff threats. Tech stocks led gains, up 2.5% on strong earnings from Nvidia. Consumer and financial stocks also advanced, lifted by UBS raising its 2025 Hong Kong GDP growth forecast to 2.2% from 1%, amid robust Q1...
European shares climbed on Thursday as a U.S. trade court's decision to block President Donald Trump's proposed tariffs sparked a risk-on sentiment across global markets. The continent-wide STOXX 600 index was up 0.4%, as of 0715 GMT, with regional indexes also trading in the green. Germany's DAX 40 rose 0.5% to hover near a record high. The Court of International Trade ruled that Trump overstepped his authority by imposing the April 2 across-the-board duties on imports from U.S. trade partners. On Wall Street, stock index futures rose by more than 1.5% as the court's decision provided...
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,...