Stocks in the US closed near the flatline on Friday as investors weighed President Trump's push for higher tariffs on the European Union against strong economic data and corporate earnings. The S&P 500 and Nasdaq 100 finished mostly muted near their records, while the Dow Jones dropped 142 points, pressured by a 2.2% decline in American Express shares. Trump reportedly demands a minimum 15-20% tariff in any deal with the EU, which is working to finalize an agreement before his August 1 deadline. On the corporate front, Netflix shares fell 5.1% despite beating revenue and earnings...
Wall Street opened muted on Thursday, taking a breather after Nvidia's $4 trillion sprint, while airline stocks jumped following Delta's upbeat forecast. At 09:31 a.m. the Dow Jones Industrial Average opens new tab fell 68.24 points, or 0.15%, to 44,390.06, the S&P 500 opens new tab lost 0.83 points, or 0.01%, to 6,262.43 and the Nasdaq Composite opens new tab gained 21.29 points, or 0.10%, to 20,632.63. Source: Reuters
The Hang Seng rose 136 points or 0.6% to close at 24,028 on Thursday, partly recovering from a sharp drop the day before amid strong gains in financial and property stocks. Traders looked for signs of policy support after China's producer prices last month shrank the most in near two years. Meanwhile, minutes from the June FOMC meeting showed that "most participants" expected rate cuts would be appropriate later this year, with any inflation from tariffs seen as "temporary or modest." Markets largely brushed off fresh tariff threats from U.S. President Trump, with analysts noting investors...
European stocks edged higher Thursday, with investors showing a degree of confidence even after U.S. President Donald Trump's latest salvo of trade tariffs. At 03:05 ET (07:05 GMT), the DAX index in Germany gained 0.4%, the CAC 40 in France climbed 0.4% and the FTSE 100 in the U.K. rose 0.8%. New U.S. tariff ratesOn Wednesday, U.S. President Donald Trump sent letters dictating new U.S. tariff rates on at least seven more countries' imports, adding to the letters sent to 14 other countries earlier this week. He also announced a 50% tariff on Brazil after a spat with his Brazilian...
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.37%. The best performers of the session on the Nikkei 225 were Rakuten Inc (TYO:4755), which rose 3.23% or 25.30 points to trade at 808.50 at the close. Meanwhile, Hoya Cor (TYO:7741) added 3.22% or 555.00 points to end at 17,780.00 and Resonac Holdings Corp (TYO:4004) was up 2.46% or 84.00 points to 3,498.00 in late trade. The worst performers of the session were Nikon Corp. (TYO:7731), which fell...
The Hang Seng Index started the day with a 26-point or 0.11% decline, settling at 23,865 points. Meanwhile, the H-share index dropped by 8 points or 0.09%, reaching 8,588 points, and the technology index saw a 13-point or 0.26% decrease, standing at 5,218 points. In the realm of tech stocks, Tencent remained stable; Alibaba experienced a 0.8% decline; Meituan saw a 1% drop; Xiaomi Group rose by 0.1%; and Kuaishou dropped by 0.3%. The fluctuations in the financial sector were mixed, with HSBC Holdings rising by 0.1%; AIA Insurance declining by 0.1%; Ping An of China remaining unchanged; and...