US stocks finished higher on Tuesday as investors kept a close watch on US-China trade talks, buoyed by comments from Commerce Secretary Howard Lutnick, who said negotiations were going "really, really well." The S&P 500 climbed 0.5%, marking 3rd day wining streak, while the Dow added 105 points and the Nasdaq advanced 0.6%.
Talks in London stretched into a second day, with both sides working late to finalize technical details, fueling optimism over a potential agreement to avoid further tariff escalation.
Energy led sector gains, followed by consumer discretionary and health care, while industrials lagged. Tech stocks were strong, with Tesla jumping 5.7% to lead large-cap gainers. In contrast, JM Smucker plunged 15.6% after warning that tariffs were squeezing margins in its coffee business.
Elsewhere, Moderna fell 1.7%, while Pfizer rose 3% after US Health Secretary Robert Kennedy Jr. dismissed all CDC vaccine policy advisors late Monday.
Source: Trading Economi
The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the Federal Reserve will lower interest rates next week. Th...
European stocks closed flat on Friday, after data showed the U.K. economic growth stalled in July. The pan-European Stoxx 600 was flat at 0.09% with no broad consensus movement among sectors and majo...
Wall Street indexes opened subdued on Friday after notching record highs in the previous session, though they remained on track to log gains in a week of economic reports that solidified expectations ...
The STOXX 50 index edged up 0.1% to 5,390 points on Friday, its highest since late August, while the broader STOXX 600 also gained 0.1% to 555 points, as a jump in US jobless claims and a modest rise ...
European stocks closed higher Thursday, as investors reacted to the latest policy decision by the European Central Bank as well as key U.S. inflation data. The DAX index in Germany climbed 0.3%, the ...
EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair...
U.S. Treasury Secretary Scott Bessent met with BlackRock Inc executive Rick Rieder in New York on Friday, as the Trump administration continued its search for a new chair for the Federal Reserve, a source familiar with the matter said. Bessent has...
Oil prices rose on Friday after a Ukrainian drone attack suspended loadings from the largest port in western Russia, but gains were capped by concerns about U.S. demand. Brent crude futures settled at $66.99 a barrel, up 62 cents, or 0.93%. U.S....
The International Monetary Fund on Thursday said the Federal Reserve has scope to lower interest rates because of the weakening U.S. labor market,...
Annual inflation in the United States (US), as measured by changes in the Consumer Price Index (CPI), rose to 2.9% in August from 2.7% in July, the...
Asian stocks moved mixed on Thursday after Wall Street rallied and pushed the S&P 500 to a new record. A decline in US producer price inflation...
The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday....