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...
The Nikkei 225 Index rose 0.1% to around 38,510, while the broader Topix Index climbed 0.5% to 2,695 on Wednesday, snapping a four-day losing streak. The gains came after softer-than-expected US producer inflation data provided some relief for equities. However, investors remained cautious ahead of the US consumer inflation data, which could influence the Federal Reserve's monetary policy outlook. In Japan, a private survey revealed a rebound in manufacturer sentiment for January, driven mainly by improved conditions in materials industries. At the same time, speculation is growing that the...
The S&P 500 closed nearly unchanged while the Nasdaq dipped after a volatile session on Tuesday as investors gauged inflation data and braced for quarterly earnings reports to justify stock valuations and the strength of the U.S. economy. Stocks oscillated between gains and losses throughout the day. Equities received an initial lift from a Labor Department report that showed the producer price index rose less than expected in December, although the report failed to materially affect expectations about the Federal Reserve's likely path of monetary policy this year. But early gains...
European markets gave up earlier gains to close lower Tuesday, as global investors assessed a cooler-than-expected U.S. producer price index. The pan-European Stoxx 600 index provisionally closed 0.07% lower as sectors turned mixed. Oil and gas stocks were among the worst performers, down 0.76%, after oil giant BP said its fourth-quarter profit would be dented by up to $300 million in light of weakening refinery margins. Retail stocks were also pulled into negative territory, as British sportswear retailer JD Sports tumbled near the bottom of the Stoxx 600 after lowering its profit...
Wall Street's main indexes opened higher on Tuesday, as investors assessed softer-than-expected producer inflation to gauge the Federal Reserve's monetary policy trajectory this year. The Dow Jones Industrial Average rose 69.3 points, or 0.16%, at the open to 42,366.42. The S&P 500 rose 23.1 points, or 0.39%, at the open to 5,859.27, while the Nasdaq Composite rose 119.6 points, or 0.63%, to 19,207.748 at the opening bell. Source: Reuters
Hong Kong stocks rose on Tuesday from a four-month low as China's Securities Regulatory Commission and other authorities vowed to stabilize the securities market, address investor concerns and steady expectations. The Hang Seng Index rose 1.83 percent, or 345.64 points, to close at 19,219.78 on Tuesday. The Hang Seng China Enterprises Index gained 2.10 percent, or 143.65 points, to close at 6,987.36. Source: Bloomberg