Major US stock indexes closed sharply higher on Monday (October 13), recovering from Friday's sharp sell-off after President Trump took a softer stance on US-China trade tensions, assuring that relations with Beijing "will be fine." The S&P 500 and Nasdaq 100 rose 1.6% and 2.2%, respectively, while the Dow Jones Industrial Average surged 593 points, as investors returned to riskier assets following Trump's comments.
Trump's remarks helped ease fears of an escalating trade war after last week's threat of 100% tariffs on Chinese goods wiped out approximately $2 trillion in market value. Tech stocks led the gains, with Nvidia and AMD rising 2.9% and 0.8%, respectively, Oracle surging 5.1%, and Broadcom surging 9.9% after confirming its AI partnership with OpenAI.
However, investors remain cautious amid the prolonged government shutdown and delayed economic data releases, as attention shifts to the start of earnings season, with major banks like JPMorgan, Goldman Sachs, and Citigroup set to report results this week. (alg)
Source: Trading Economics
Asia-Pacific stock markets are expected to open slightly lower on Friday. Sentiment remains thin as US stock futures moved flat during the Thanksgiving holiday, while the Nasdaq Composite is on track ...
European stocks closed higher on Thursday as investors digested the regional and global economic outlook. The pan-European Stoxx 600 reversed course to finish 0.12% higher by the end of Thursday's se...
Asian markets are projected to strengthen on Thursday, following Wall Street's rally, which has risen four consecutive days ahead of the Thanksgiving holiday. Japanese and mainland Chinese index futur...
Stocks rallied on Wednesday (November 26), pushing the major stock averages to their fourth straight day of gains ahead of the Thanksgiving holiday. The Dow Jones Industrial Average rose 388 points, ...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced 0.85%, France's CAC was up 0.88%, and the Swiss Market I...
Hang Seng Menguji 26.000, Lanjut Nanjak atau Balik Turun? The Hong Kong stock market opened cautiously on Friday, November 28, 2025, with the Hang Seng Index trading slightly between 25,990 and 26,000, having closed at 25,945.93 on...
In the morning session in Singapore at around 7:36 a.m., gold prices were recorded as having risen 0.7% to $4,187 per ounce, while the Bloomberg Dollar Spot Index was flat, indicating no significant pressure from the strengthening dollar. Gold...
Nikkei Struggles Above 50,000, a Sign of Starting Fatigue? | Nikkei Ngerem di Atas 50.000, Tanda Mulai Lelah? The Nikkei index is expected to open cautiously on Friday, trading within the 50,000 area after a sharp rally over the past week. Nikkei...
The US government posted a higher deficit of $284 billion for October in a report delayed by the recent federal government shutdown, reflecting...
Back-to-back calls between U.S. President Donald Trump and the leaders of Japan and China have so far done little to defuse the diplomatic spat...
The European stock markets closed higher in Wednesday trading as the Stoxx Europe gained 1.06%, Germany's DAX rose 0.98%, the FTSE 100 advanced...
The Dow Jones Industrial Average closed higher on Tuesday (November 25th) after posting another rally, as traders weighed expectations for a Federal...