US stocks weakened for a third session on Thursday, as investors weighed strong economic data against expectations of future Fed rate cuts. The S&P 500 and Nasdaq 100 each fell 0.5%, the Dow Jones Industrial Average fell 175 points, with all sectors except energy in negative territory.
Initial jobless claims fell to 218,000 for the week ending September 20, signaling a resilient labor market, while second-quarter GDP growth was revised up sharply to 3.8% annualized, driven by strong consumer spending and business investment. Market participants are now recalibrating expectations for the Fed's next move, with investor speculation of an additional 25 basis point rate cut in October declining sharply.
Tech stocks saw the sharpest declines, with Oracle plunging 5% and Tesla dropping 4%. CarMax plunged 20% after reporting disappointing earnings, while Intel surged 9% after news that it had approached Apple for an investment. Investors are now awaiting the release of the PCE index, the Fed's preferred inflation measure, on Friday for clues on the Fed's next move. (alg)
Source: Trading Economics
Asia-Pacific markets fell Friday after U.S. President Donald Trump announced fresh tariffs on furniture, heavy trucks and pharmaceutical products. Starting from Oct. 1, kitchen cabinets, bathroom van...
European stocks closed sharply lower on Thursday, tracking declines in major equity markets amid concerns about rising global interest rates and new trade barriers with the United States. The Eurozon...
Stocks fell again on Thursday, bogged down by a further pullback in Oracle and Nvidia, as well as a jump in rates. The S&P 500 dropped 0.6%, while the Nasdaq Composite lost 0.9%. The Dow Jones In...
European stocks slipped into the red on Thursday, with both the STOXX 50 and STOXX 600 down 0.6%, following a subdued session the day before. Market sentiment turned cautious as traders weighed the mo...
Asian stocks traded in a tight range at the open after losses on Wall Street as signs of fatigue crept into the AI-fueled equity rally. Shares in Japan and Australia edged up while those in South Kor...
President Donald Trump on Thursday signed an executive order approving a deal to keep TikTok operating in the U.S., with Vice President JD Vance saying it values the business at USD 14 billion. The plan, which still requires Beijing's approval,...
President Donald Trump announced Thursday that starting Oct. 1, the U.S. will impose new import tariffs: 50% on kitchen cabinets and bathroom vanities, 30% on upholstered furniture, and 25% on heavy trucks. He stated on social media that foreign...
This morning, Friday (September 26, 2025), silver prices tended to move cautiously after the dollar strengthened and US bond yields rose, pressuring the non-yielding precious metal. Market focus began on US core inflation data, which could...
Economic activity in the UK's private sector expanded at a softer pace in September than in August, with the S&P Global Composite Purchasing...
The Federal Reserve's interest rate decision last week was not as "dovish" as it first seemed, analysts at Barclays have argued.
Along with a...
European stocks edged higher on Tuesday, with the STOXX 50 and STOXX 600 both up 0.1%, supported by a tech-led rally on Wall Street and optimism...
The S&P Global US Manufacturing PMI eased to 52 in September 2025 from an over three-year high of 53 in August, in line with market forecasts,...