The S&P 500 closed mostly flat on Friday, the Dow Jones extended its record run, rising 240 points finisheing at 46,758 after briefly surpassing 47,000 during the session, while the Nasdaq slipped 0.3% as the US government shutdown entered its third day. Pressure came from major technology names, with Palantir Technologies leading the S&P 500 lower, dropping 7.5%, while Tesla and Nvidia fell 1.4% and 0.7%, respectively. Applied Materials declined 2.7% after warning of a $600 million revenue hit tied to semiconductor export restrictions. Investors focused on the shutdown, which...
Asian stocks fell and U.S. equity index futures slid as the trade conflict showed no sign of abating, with Nvidia Corp. saying the U.S. was imposing new restrictions on some chip exports to China. Contracts for the Nasdaq 100 fell more than 1.4% in early trading and S&P 500 futures dropped 0.9% after Nvidia slumped in after-hours trading. Gold, a safe-haven asset that tends to rise when riskier assets decline, hit a fresh record on Wednesday. Bonds held onto the previous session's gains boosted by comments from a Treasury official about potential rule changes that could lower trading...
Tokyo stocks edged lower in early trade, amid uncertainty over additional tariffs and after U.S. authorities told Nvidia semiconductors they would need export permits to China. The Topix fell 0.1% to 2,512.02 as of 9:28 a.m. Tokyo time The Nikkei fell 0.3% to 34,176.54 Advantest was the biggest contributor to the Topix decline, down 4.4%. Of the 1,689 stocks in the index, 986 rose and 598 fell, while 105 were unchanged. "The tighter restrictions on Nvidia products show that tensions between the U.S. and China are escalating, and it's hard to invest in technology stocks unless the overall...
U.S. stocks gyrated on Tuesday, as investors analyzed the latest batch of first-quarter earnings reports and enjoyed a recent decline in market turmoil. The Dow Jones Industrial Average lost 155.83 points, or 0.38%, to close at 40,368.96. The S&P 500 declined 0.17% and ended at 5,396.63, and Nasdaq Composite ticked down 0.05% and settled at at 16,823.17. The three averages are coming off back-to-back winning sessions. Tuesday's muted moves were in stark contrast to the volatile swings seen in recent sessions. The Cboe Volatility Index (VIX), known as Wall Street's "fear gauge," fell...
European stocks closed firmly higher on Tuesday, extending the sharp gains from last session after prospects that the US could pause tariffs for autos and parts supported key sectors of the European economy. The Eurozone's STOXX 50 gained 1.2% and the pan-European STOXX 600 jumped 1.6%. Investor sentiment was buoyed by President Trump's remarks on Monday, indicating he is considering temporary exemptions on tariffs for imported vehicles and parts to give automakers more time to expand US-based production. Besides aiding companies with exposure to the auto sector, the remarks supported hopes...
The three major averages in the US were up nearly 0.3% on Tuesday, as investors weighed trade war developments against rising hopes for a temporary pause in auto tariffs. President Trump said on Monday he is considering temporary exemptions on tariffs for imported vehicles and auto parts, aiming to give manufacturers more time to ramp up US-based production. At the same time, the Commerce Department announced a new investigation into the national security implications of semiconductor and pharmaceutical imports, a move seen as laying the groundwork for fresh tariffs in those sectors. In...