Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
Stocks resumed their steep pullback on Thursday as the latest concessions from the White House on President Donald Trump's controversial tariff policies failed to calm rattled investors. The Dow Jones Industrial Average slid 427.51 points lower, or 0.99%, to 42,579.08, after falling more than 600 points at session lows. The S&P 500 tumbled 1.78% to 5,738.52. The Nasdaq Composite dropped 2.61% to 18,069.26, officially closing in correction territory, which is when an index falls 10% from a recent high. Thursday's declines come as U.S. tariffs on Canadian, Mexican and Chinese imports...
Stocks resumed their pullback on Thursday as the latest concessions from the White House on President Donald Trump's controversial tariff policies failed to calm rattled investors. The Dow Jones Industrial Average traded 523 points lower, or 1.2%. The S&P 500 shed 1.8%, while the Nasdaq Composite lost 2.3%. The major averages have each lost more than 3% this week as U.S. tariffs on Canadian, Mexican and Chinese imports took effect, rocking financial markets. Canada and China responded with retaliatory levies of its own, while Mexico said it would unveil measures over the...
Stocks fell again on Thursday as investors sought more clarity on the latest U.S. tariff measures and their impact on the economy. The Dow Jones Industrial Average was trading 530 points lower, or 1%. The S&P 500 was down 1.5%, and the Nasdaq Composite was down 1.8%. U.S. tariffs on Canadian, Mexican and Chinese imports took effect this week, rattling financial markets. Canada and China responded with their own retaliatory tariffs, while Mexico said it would announce its own measures over the weekend. The major averages have each lost at least 3% this week as trade tensions escalate....
The Hang Seng surged 776 points, or 3.3%, to close at 24,370, marking its third straight gain and its highest level in more than three years, with all sectors gaining. Investors viewed policy signals from China's annual parliamentary meeting positively, prompting increased buying. The technology sector rose 5.4%, led by an 8.5% surge in Alibaba Group, which has surged 46% since hitting a 2025 low on Jan. 13, on optimism over its AI development efforts. Consumer, property and financial stocks also rose strongly, as traders bet that the latest U.S. tariff hike under President Trump would not...
European markets opened higher on Thursday as investors eyed further earnings releases and awaited the latest monetary policy decision from the European Central Bank. The regional Stoxx 600 index rose 0.26% shortly after the market opened. Air France-KLM shares rose more than 16% after the airline group beat market expectations for full-year and fourth-quarter operating profits. Germany's Lufthansa rose 7% on its own annual results, which showed a decline in annual profit but also slightly above consensus. DHL Group, listed as Deutsche Post, jumped 9% after announcing a 1 billion euro...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...