The S&P 500 rose Tuesday, clawing back into positive territory for the year, as investors extended the sharp gains seen in the previous session due to easing U.S.-China trade tensions. The broad market index gained 0.72% to close at 5,886.55, while the Nasdaq Composite climbed 1.61% to end at 19,010.08. The Dow Jones Industrial Average lagged, losing 269.67 points, or 0.64%, as a nearly 18% drop in shares of UnitedHealth pressured the benchmark. Shares of Nvidia advanced 5.6% on news that the company would send 18,000 of its top artificial intelligence chips to Saudi Arabia. Peer chip...
Asia-Pacific markets traded mixed on Wednesday after Wall Street's main benchmarks rose on easing US-China trade tensions. Japan's benchmark Nikkei 225 index slipped 0.68%, giving up gains after four straight positive sessions. South Korea's Kospi rose 0.53%. Australia's benchmark S&P/ASX 200 index was flat. Hong Kong's Hang Seng Index rose 0.96% while mainland China's CSI 300 traded flat. Wall Street bounced back after the US and China reached a temporary truce on tariffs earlier this week. The development sent stocks soaring with the Dow up more than 1,000 points on Monday. At...
The Nikkei 225 index fell 0.1% to around 38,150 while the broader Topix index fell 0.4% to 2,761 on Wednesday, paring gains from earlier in the week as investors locked in profits after a strong rally. However, Japanese shares have recovered all of the losses since U.S. President Donald Trump announced his broad-based tariffs in early April as trade negotiations and a temporary easing of tariffs between the U.S. and China helped boost market sentiment. Investors also reacted to the latest economic data showing that Japanese producer prices rose 4% year-on-year in April, slowing from 4.2% in...