The S&P 500 fell on Tuesday, a day after the broad market index and Nasdaq Composite hit fresh records, as traders weighed the latest earnings reports and new trade developments. The S&P 500 ticked lower by 0.3%, while the Nasdaq slipped 0.9%. The Dow Jones Industrial Average rose 74 points, or 0.2%. Shares of aerospace and defense name Lockheed Martin were down almost 7% after the company's revenue for the second quarter missed analyst estimates. Similarly, Philip Morris lost 6% after the tobacco company's second-quarter revenue also missed expectations. So far, 88 S&P 500...
European markets closed higher on Wednesday as investors assessed cooler-than-expected inflation prints from the U.S. and U.K. The pan-European Stoxx 600 closed 1.3% higher, snapping a three-day losing streak and clocking its best performance since August 2024. All sectors were in the green, led by retail stocks, which rose 2.7%. London's FTSE 100 gained 1.2% and U.K. government bond yields dropped sharply after official data showed U.K. inflation fell to 2.5% in December. Economists polled by Reuters had anticipated the reading would remain unchanged from the 2.6% print of November. The...
Wall Street's main indexes opened higher on Wednesday, as data showed core inflation rose less than expected in December and investors cheered a strong batch of quarterly results from the biggest U.S. banks. The Dow Jones Industrial Average rose 409.5 points, or 0.96%, at the open to 42,927.76. The S&P 500 rose 62.3 points, or 1.07%, at the open to 5,905.21, while the Nasdaq Composite rose 305.9 points, or 1.61%, to 19,350.313 at the opening bell. Source: Reuters
European stock markets rose on Wednesday (15/1), ahead of the release of highly influential monthly U.S. inflation data, after U.K. consumer prices showed signs of easing. At 3:05 a.m. ET (08:05 GMT), Germany's DAX index was up 0.3%, France's CAC 40 was up 0.3% and the U.K.'s FTSE 100 jumped 0.7%. Investors are awaiting the release of fresh U.S. consumer price data, later in the session, as it could potentially change expectations for future monetary policy from the Federal Reserve. Markets have pushed expectations for the Fed's next interest rate cut into June after an unexpectedly strong...
Japanese stocks rose after the close of trading on Wednesday, as gains in the Transportation Equipment, Chemicals, Petroleum & Plastics, and Insurance sectors boosted shares. At the close of trading in Tokyo, the Nikkei 225 rose 0.09% to hit a fresh 1-month low. The best performers on the Nikkei 225 were Fanuc Corp. (TYO:6954), which rose 5.67% or 235.00 points to trade at 4,378.00 at the close of trading. Meanwhile, Toho Co., Ltd. (TYO:9602) rose 4.59% or 278.00 points to close at 6,329.00 and Keyence (TYO:6861) rose 3.75% or 2,330.00 points to 64,450.00 at the close of trading. The...
European markets are heading for a positive open Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve's decision-making on interest rate cuts. The U.K.'s FTSE 100 index is expected to open 25 points higher at 8,221, Germany's DAX up 20 points at 20,279, France's CAC up 15 points at 7,439 and Italy's FTSE MIB up 51 points at 35,218, according to data from IG. Trading updates are set to come from Experian and Hays on Wednesday, while data releases in focus are the latest U.K. inflation figures and German full-year gross domestic product. Global...