European markets were lower on Friday after a rocky start to 2025 for stocks around the world. The Stoxx 600 was down 0.44% by 3:11 p.m. London time, with major regional bourses and sectors mostly trading in negative territory. Autos stocks led losses, down 1.97% as they extended Thursday's decline, while travel and leisure stocks shed 1.7%. One of the few sectors to rise was financial services stocks, which were last seen 0.46% higher. Oil and gas stocks also rose over 1%, led by gains for Finnish oil refiner Neste, which climbed 4.6% and was on course for its best week since October on...
U.S. stocks moved higher on Friday as Wall Street tried to shake off a volatile start to the new year. The S&P 500 rose 1.2%, and the Dow Jones Industrial Average advanced 319 points, or about 0.9%. The Nasdaq Composite gained about 1.6%. Tech stocks were a bright spot for the market on Friday. Chip giant Nvidia climbed 4%, while server maker Super Micro Computer jumped 6%. Tesla rose 4% to lead the consumer discretionary group. Friday's move came off a choppy trading session on Thursday that saw stocks close lower after a morning rally. The S&P 500 and Nasdaq have fallen for five...
US stocks closed higher on Friday, ending the first week of the new year on a positive note ahead of data that should provide more insights on the health of the largest economy in the world. At close, the Dow Jones Industrial Average gained 0.8%, the S&P 500 index rose 1.3%, and the NASDAQ Composite index climbed 1.7%. The main Wall Street indexes reported stellar gains in 2024, but expectations of slower interest rate cuts and uncertainty over policies under incoming President Donald Trump have chipped away at this sentiment. In a relatively quiet day for economic data, investors will...