The US stock market moved without a clear direction on Tuesday. The S&P 500 and Nasdaq fluctuated, while the Dow Jones rose about 200 points, extending the previous day's gains. The S&P 500's quarterly performance recorded its best record since 2023. Investors are still watching developments in trade negotiations and discussions on the budget bill in the US Congress.
Federal Reserve Chairman Jerome Powell said that the impact of tariffs on prices would likely only be seen in the next few months. However, he also emphasized that most Fed officials support a rate cut before the end of the year. This statement is a major concern for market players who continue to weigh the direction of US monetary policy going forward.
In terms of economic data, the number of US job vacancies surprisingly rose to 7.77 million, the highest level since November last year. This shows that the labor market is still quite strong even though the Fed maintains high interest rates. However, the ISM Manufacturing PMI data recorded a contraction in factory activity for the fourth consecutive month, indicating pressure in the manufacturing sector.
By sector, utilities were the worst performers, while materials led the gains. On the corporate side, Tesla shares fell more than 3% after tensions between President Trump and Elon Musk, adding to negative sentiment toward tech stocks.
Source: Newsmaker
European stocks opened lower on Wednesday (November 5th), reflecting a global downturn amid growing concerns over sky-high tech valuations. The pan-European Stoxx 600 Index was down 0.4% at 8:20 a.m....
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial intelligence (AI) stocks. Shares of Palantir, a major pl...
US stocks tumbled on Tuesday, with the S&P 500 down 1.1%, the Nasdaq shedding 2.1%, and the Dow losing about 240 points, as investors grew increasingly uneasy over stretched valuations in AI-drive...
European stocks slipped mostly lower Tuesday, with investors locking in some profits on the back of an uncertain economic outlook and with more corporate earnings to digest. The DAX index in Germany ...
Stocks fell Tuesday, pressured by declines in artificial intelligence-related names like Palantir as investors grow increasingly concerned about valuations in the bull market-leading shares. The Dow ...
European stocks opened lower on Wednesday (November 5th), reflecting a global downturn amid growing concerns over sky-high tech valuations. The pan-European Stoxx 600 Index was down 0.4% at 8:20 a.m. in London (3:20 a.m. ET), with most major...
The Hang Seng Index fell 17 points, or 0.1%, to close at 25,935 on Wednesday (November 5), marking its second session of decline after Wall Street plunged on valuation concerns on Tuesday. Technology and property stocks led the decline, amid...
Japanese stocks fell sharply on Wednesday: the Nikkei 225 fell 2.5% to 50,212, and the Topix dropped 1.26% to 3,268. The sell-off was led by technology stocks amid growing concerns about AI valuations. Sentiment became even more fragile after Wall...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
Asian stock markets moved mixed on Monday, November 3, 2025. Japan led the gains: the Nikkei 225 remained near its record high of around 52.4...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial...