US stocks were higher on Wednesday, with the S&P 500 rising 0.3%, the Nasdaq edging up 0.1%, and the Dow Jones jumping more than 250 points. The gains followed fresh record closes for the S&P 500 in back-to-back sessions.
Investor sentiment was buoyed by renewed trade optimism after President Trump announced a deal with Japan that would lower tariffs from 25% to 15%. Japan also committed to investing $550 billion in the US and opening its markets to key American goods. Additionally, a trade agreement with the Philippines was announced, while hopes are growing that a deal with the EU may soon be reached. Health and industrials were the top performing sectors while communication services underperformed.
Meanwhile, earnings season remains in focus. Alphabet (-0.1%), Tesla (-0.5%), T-Mobile (-0.2%), and IBM (0.9%) are set to report after the opening bell. Texas Instruments plunged 11% after issuing a weak earnings outlook, while AT&T dropped 2.9% despite beating earnings expectations.
Source : Trading Economics
Asia-Pacific markets opened mostly higher Wednesday ahead of key August inflation data from China. The mainland's August consumer price index is expected to fall 0.2% from the previous year, accordin...
US stocks edged higher on Tuesday, with the three major averages up around 0.1%, as investors continued to bet on a Federal Reserve rate cut next week. Markets are also awaiting the BLS's preliminary...
European stocks edged higher on Tuesday, extending gains into a second session, with the STOXX 50 up 0.2% and the STOXX 600 advancing 0.5%. Investors weighed a fresh round of corporate news while keep...
Asian stocks rose on Tuesday as positive sentiment on Wall Street ahead of an expected Fed rate cut spilled over into regional trading. Equities in Japan and South Korea rose in morning trading, whil...
Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports likely to influence Federal Reserve policy expectations....
Silver prices broke through $41 per ounce on Wednesday (September 10), holding near a 14-year high as speculation of an interest rate cut by the US Federal Reserve mounted. On Tuesday, the US Bureau of Labor Statistics reported that the economy...
Gold prices edged higher on Wednesday, holding above the critical $3,600-per-ounce level, buoyed by expectations of a U.S. interest rate cut this month, while key inflation reports due this week were also on investors' radar. Spot gold was up 0.3%...
Silver climbed above $41 per ounce on Wednesday, holding near 14-year highs as traders increased wagers on US Federal Reserve rate cuts. On Tuesday, the Bureau of Labor Statistics reported the US economy likely added 911,000 fewer jobs in the 12...
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on...
Russian forces attacked a thermal power plant in the Kyiv region as part of an overnight attack, Ukraine's Energy Ministry said on Monday,...
European shares finished higher on Monday, while French stocks also rose as investors stayed calm in the run-up to a no-confidence vote later in the...
Wall Street kicked off the week with gains on Monday as investors positioned ahead of a data-heavy week that includes two key inflation reports...