US stocks closed mixed on Tuesday (July 22nd), as the S&P 500 hit a new record, rising nearly 0.1%, the Dow Jones Industrial Average rose 170 points, and the Nasdaq 100 fell 0.5% ahead of key earnings reports from Alphabet and Tesla. Chip stocks weighed on the Nasdaq, with Nvidia down 2.4% and Broadcom down 3.3% following reports that SoftBank and OpenAI's massive AI project was stalled. Shares of Lockheed Martin (-10.8%) and Philip Morris (-8.2%) fell sharply after disappointing results. General Motors (-8%) also warned of a deeper impact on profits related to tariffs after a 32%...
European stocks opened in the green on Monday, with the Stoxx 600 index up 0.1% in early deals, building on last week's gains. Global sentiment appears broadly robust, with Asia-Pacific stocks turning mixed but U.S. futures remaining higher. In Europe, sectors are mixed, with autos down 0.6% and banks slipping 0.25% as financial services gain 0.6%. Beneficiaries of the U.K.-U.S. trade deal, which took effect this morning, are slightly higher, having already notched strong gains on the previous announcement. Those include engine-maker Rolls-Royce, up 0.6%, and German automaker BMW,...
Japanese equities rose for a fifth day after trade negotiator Ryosei Akazawa's extension of his US visit spurred hopes for a deal. Sentiment was also supported by the S&P 500 Index, which reached a new record on Friday. Topix Index climbed 0.4% to close at 2,852.84, just 2.6% below its previous all-time high set in July 2024. SoftBank Group Corp. contributed the most to the Topix Index gain, increasing 4.3%. Out of 1,681 stocks in the index, 897 rose and 705 fell, while 79 were unchanged. Nikkei advanced 0.8% to 40,487.39. The Topix Index rounded...
Japanese stocks rose after a decline in US consumer spending spurred expectations of a possible rate cut and improved investor sentiment as the S&P 500 Index reached a new high. The Topix Index rose 0.9% to 2,865.00 as of 9:33 a.m. Tokyo time, while the Nikkei advanced 1.4% to 40,719.74. SoftBank Group Corp. contributed the most to the Topix Index gain, increasing 5.2%. Out of 1,681 stocks in the index, 1,292 rose and 317 fell, while 72 were unchanged. Exporters such as machinery and precision instruments gained. Domestic demand-related shares such...
Asia-Pacific markets rose Monday as investors parsed a slew of data points, including South Korea and Japan's industrial output figures for May and China's purchasing managers' index readings for June. Japan's benchmark Nikkei 225 climbed 1.13% in early trade, while the broader Topix index advanced 0.77%. In South Korea, the Kospi index added 0.63%, while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 started the day 0.3% higher. Futures for Hong Kong's Hang Seng index stood at 24,182, pointing to a weaker open compared to the HSI's last close of...
US stocks closed at record highs on Friday driven by optimism over pending trade agreements and rising expectations for interest rate cuts, as investors looked past President Donald Trump's comments about halting trade talks with Canada. The S&P 500 gained 0.5%, closing above its February peak, while the Nasdaq 100 also advanced 0.5% to a new high. The Dow Jones rose by 432 points. Earlier in the day, markets surged on encouraging news of trade progress with key partners, including a framework agreement with China. Although Trump's unexpected remarks on Canada briefly dented sentiment,...