The S&P 500 briefly touched an all-time high before hovering flat in the afternoon session, while the Nasdaq dipped 0.2% as investors weighed strong economic data against latest batch of corporate earnings. The Dow Jones, on the other hand was down over 200 points, dragged down by a nearly 3% slide in American Express shares. Meanwhile, Netflix shares slipped 4.8%, despite the company beating expectations on both revenue and earnings per share. Conversely, Charles Schwab added 2.1% after upbeat earnings and revenue and Chevron was up 1.5% as the company completed the $53 billion Hess...
The S&P 500 rose 0.2% and the Nasdaq gained 0.4% on Friday (July 18), extending gains after both indexes closed at record highs the previous day. Meanwhile, the Dow Jones Industrial Average hovered near the flatline, as investors remained focused on corporate earnings and market developments. Alphabet and Tesla, which are scheduled to report quarterly results next week, rose 0.7% and 1.6%, respectively. Charles Schwab shares rose 4.4% after upbeat earnings and revenue, while Chevron rose 1% after the company completed its $53 billion acquisition of Hess. Netflix shares, on the other...
The Hang Seng Index surged 327 points, or 1.3%, to close at 24,825 on Friday (July 18th), reversing two days of declines as all sectors rallied. The index hit a four-month high and rose 2.8% for the week, marking its second consecutive weekly gain. Strong momentum in mainland Chinese stocks boosted sentiment after Beijing pledged to curb massive price gouging by Chinese companies. Hong Kong's tech index jumped 1.7%, boosted by optimism after Nvidia said it would increase the supply of H20 chips that meet Chinese standards and introduce more advanced chips to the market. Solid gains also...
The STOXX 50 gained 0.4% and the STOXX 600 rose 0.3% on Friday, as investors closely monitored corporate earnings and news, while staying on edge for any signs of progress in trade negotiations between the US and the European Union. Reckitt Benckiser was up 1.9% after agreeing to sell its essential home business unit to Advent International for $4.8 billion. Vivendi soared more than 10% after a French financial market advisor concluded that a mandatory takeover bid for Vivendi by Bollore is required. Also, Burberry edged up 0.3% after its quarterly sales topped forecasts and shares of Saab...
The Nikkei 225 fell 0.2% to close at 39,819 on Friday, while the broader Topix also declined 0.2% to 2,834, erasing early gains from the morning session. The Nikkei reversed a modest gain from the previous day in choppy trading, as investors stayed cautious ahead of this weekend's Upper House election. Uncertainty surrounding trade negotiations with the US also weighed on sentiment ahead of the August deadline, especially after disappointing June trade data revealed a sharp drop in shipments to the US. However, softer inflation figures helped cap the losses, raising hopes that the Bank of...