US equities were higher on Friday, extending momentum after the three major benchmarks notched fresh record closes in the previous session. For the week, the S&P 500 and Dow Jones are each up 0.7%, while the Nasdaq has gained 1.5% so far, supported by the Fed's first rate cut of the year and expectations of further easing in 2025. Traders also monitored a call between President Trump and President Xi for potential updates on trade negotiations. Meanwhile, a $5 trillion quarterly triple-witching options expiry takes place today, although volatility is expected to remain limited. Consumer discretionary, tech and communication services booked gains while the energy sector was the biggest laggard. On the corporate front, Apple shares rose about 1.4% as the iPhone 17 went on sale. Amazon (0.6%), Tesla (2.1%) and Oracle (2.9%) were also higher and FedEx shares added 1% after its first-quarter results beat expectations.(ads)
Source: Trading Economics.com
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks. The S&P 500 closed 1.7% lower while the Nas...
US stocks plunged on Thursday (November 13), with the S&P 500 falling 1.5%, the Nasdaq 1.9%, and the Dow Jones Industrial Average returning to a record high after a 1.5% decline amid a selloff in ...
Both the STOXX 50 and STOXX 600 reversed early gains and closed down 0.6% and 0.8%, respectively, on Thursday, retreating from new record highs reached earlier in the session amid downbeat corporate r...
Wall Street traders bracing for a wave of economic releases after the end of the US shutdown drove stocks lower and bond yields higher amid concern over whether the data will ...
European equities extended gains for a fourth consecutive session on Thursday, with both the STOXX 50 and the STOXX 600 rising nearly 0.2% to fresh record highs. The advance reflected a broadly posit...
The US dollar strengthened again in today's session after being pressured by news of the US government reopening and expectations that delayed economic data would show weakness. However, the increase came due to comments from Federal Reserve (The...
Gold struggles to capitalize on its modest intraday gains, though the downside seems limited. Reduced bets for a December Fed rate cut act as a headwind for the non-yielding yellow metal. Economic concerns weigh on the USD and could support...
Most big emerging economies, including China, Brazil and India, can weather U.S. tariffs without excessive pain, a study by risk consultancy Verisk Maplecroft showed, raising doubt about the clout of President Donald Trump's trade tools. The firm...
Fed increasingly fractured over Dec rate cut
Federal Reserve officials are growing increasingly fractured over whether to cut interest rates in...
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could...
The S&P 500 rose 0.3% and the Dow Jones Industrial Average jumped 630 points to a new record high, while the Nasdaq Composite Index fell 0.3% as...
Asia-Pacific markets mostly rose Thursday, following mixed trading on Wall Street as investors kept an eye on the U.S. government, which appeared...