The Dow Jones Industrial Average gave back gains and closed lower on Thursday as investors pocketed some of their profits in what's been a solid week thus far. The 30-stock Dow fell 224.48 points, or 0.51%, closing at 43,968.64.The S&P 500 lost 0.08% and ended at 6,340.00. The Nasdaq Composite advanced 0.35%, ending at 21,242.70. The major averages saw sharp swings during the session, with the Dow up more than 300 points at its high and off more than 390 points at its low. The blue-chip Dow was weighed down by a 2.5% decline in Caterpillar shares after the construction equipment maker...
Asian stock markets opened higher on Friday (August 8), marking a fifth consecutive day of gains. The market's performance was supported by Japanese technology stocks, particularly Sony and SoftBank, which surged after reporting strong financial results. The MSCI Asia Pacific Index rose 0.5%, while the Nikkei 225 jumped 1.3%. US stock futures also edged higher. Meanwhile, the US dollar weakened for the sixth consecutive day, recording its longest losing streak since March 2024. The yen briefly strengthened before recovering after Japan and the US agreed to end the universal tariff policy...
Japan's Nikkei stock index rose 1.2% to 41,563.29 on Friday morning, driven by gains in the electronics and automotive sectors. This rise occurred as investor concerns eased regarding the impact of US tariffs on Japanese corporate profits. Sony shares jumped 4.6%, while Subaru gained 3.2%. Market sentiment was also supported by SoftBank Group's first-quarter earnings report, which beat analysts' expectations, pushing its shares up 5.1%. The USD/JPY exchange rate was stable at 147.06, not far from the previous close of 147.11. Investors are now focused on corporate earnings and political...