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...
Japanese stocks rose after the close on Thursday (6/26), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close in Tokyo, the Nikkei 225 rose 1.66% to hit a fresh 3-month high. The best performers on the Nikkei 225 were Ebara Corp. (TYO:6361), which rose 9.84% or 239.00 points to trade at 2,667.50 at the close. Meanwhile, Alps Electric Co., Ltd. (TYO:6770) rose 5.62% or 82.50 points to close at 1,551.50 and SoftBank Group Corp. (TYO:6770) gained 1.66% or 23.00 points to close at 2,667.50. (TYO:9984) rose 5.52% or 514.00 points to 9,830.00 at the close. The...
Hong Kong shares fell 103 points, or 0.4%, to 24,371 on Thursday morning, snapping a four-day rally as traders took profits after the market hit a three-month high. Sentiment was further dampened by Fed Chair Powell's cautious stance on inflation and tariffs during his second day of congressional testimony, though he hinted that a rate cut could be considered if current pressures prove temporary. However, Wall Street's record highs helped limit sharper losses. On the geopolitical front, President Trump announced upcoming U.S.-Iran talks amid a tenuous ceasefire. In China, Premier Li Qiang...
Asia-Pacific markets were mostly down on Thursday, as investors continued to weigh the ongoing ceasefire between Israel and Iran. Japan's benchmark Nikkei 225 rose 1.04% and the Topix gained 0.32%. South Korea's Kospi fell 1.81%, while the small-cap Kosdaq dropped 2%. Australia's S&P/ASX 200 slipped 0.21%. Hong Kong's Hang Seng Index fell 0.72%, and the CSI 300 dropped 0.31%. U.S. futures were largely unchanged. S&P 500 futures traded around the flatline, as did Nasdaq 100 futures and futures tied to the Dow Jones Industrial Average. Federal Reserve Chairman Jerome Powell...
Japan's Nikkei 225 jumped 1% to above 39,300 on Thursday, hitting a four-month high as technology shares rallied along with Wall Street's advance. The move followed a surge in Nvidia shares, which hit a new record high overnight to reclaim its status as the world's most valuable public company, driven by continued optimism around artificial intelligence. Japanese chip stocks mirrored the momentum, with Advantest up 4.3%, Tokyo Electron up 1.7%, Lasertec up 1.5% and SoftBank Group up 2.8%. Geopolitical sentiment also improved as a ceasefire between Iran and Israel appeared to be holding,...
Wall Street closed on a mixed note on Wednesday as investors weighed steady Middle East ceasefire developments and digested Fed Chair Jerome Powell's second day of congressional testimony. The S&P 500 finished flat, and the Dow slipped 105 points, while the Nasdaq 100 rose 0.2% notching a fresh record close. Fed Chair Jerome Powell maintained a cautious tone, signaling that while the Fed can manage potential inflation from tariffs, it's not yet ready to cut rates, despite mounting pressure from President Trump and some lawmakers. Meanwhile, housing data revealed new home sales dropped...