Wall Street's indexes closed at record highs on Wednesday, buoyed by strong sector performance and optimism that the US government shutdown will be brief. Investors shrugged off the first day of the shutdown and weaker-than-expected private payrolls data, with the S&P 500 gaining 0.3%, the Nasdaq 100 rising 0.5%, and the Dow adding 43 points. Health-care stocks led the advance, driven by sharp gains in Regeneron (+6.7%), Moderna (+6.8%), Eli Lilly (+8.2%), and AbbVie (+5.5%), while optimism over Pfizer's (+2.2%) deal with the White House on Medicaid drug pricing provided additional...
European shares rose on Monday, extending the strong momentum from last week on optimism over a potential Ukraine peace deal, while investors turned their attention to upcoming U.S. inflation data and tariff negotiations later in the week. The pan-European STOXX 600 index was up 0.3% by 0708 GMT, hovering near its strongest level since July 31. Ukrainian President Volodymyr Zelenskiy won diplomatic backing from Europe and the NATO alliance ahead of a Russia-U.S. summit this week, where Kyiv fears Russian President Vladimir Putin and U.S. President Donald Trump may try to dictate terms for...
The Hang Seng Index opened 87 points higher, or 0.35%, at 24,946 points, while the National Enterprises Index rose by 23 points, or 0.26%, to 8,918 points. The Technology Index increased by 10 points, or 0.19%, to 5,470 points. In the technology sector, Alibaba saw a rise of 1.46%, Meituan gained 0.25%, and Kuaishou added 0.19%. Conversely, Xiaomi declined by 0.39%, and Tencent remained unchanged. Source : Dimsumdaily.hk
US stocks closed higher on Friday, with the S&P 500 up 0.8%, and the Nasdaq climbing nearly 1%, while the Dow gaining 206 points. Technology shares, led by Apple which surged 4.2% following its announcement of a $600 billion US investment plan helped lift the tech-heavy Nasdaq to new intraday highs. Investor optimism was also fueled by expectations of Federal Reserve rate cuts, with President Trump nominating Stephen Miran to the Fed Board, signaling possible shifts in monetary policy, despite concerns over new tariffs imposed by the Trump administration on imports from multiple...
European stocks closed firmly higher to record sharp gains in the first week of August as markets continued to assess the outlook of the European economy amid uncertain tariff levels by the US and policy reactions by the ECB. The Eurozone's STOXX 50 gained 0.4% to 5,354, a 3.6% gain on the week, while the pan-European STOXX 600 advanced 0.3% to 547, a 2.2% rise on the week. Banks continued to rise sharply in the session with BBVA, BNP Paribas, and UniCredit each gaining more than 2%. In the meantime, Siemens advanced 2.2% following a volatile week while Volkswagen, Mercedes-Benz, and...
U.S. stocks edged higher Friday as investors digested Trump's new selection to temporarily fill a vacancy on the Fed's Board of Governors and assessed an ebbing stream of corporate earnings. At 09:35 ET (13:35 GMT), the Dow Jones Industrial Average rose 145 points, or 0.3%, the S&P 500 index gained 16 points, or 0.3%, and the NASDAQ Composite climbed 52 points, or 0.3%. The main averages are on pace for weekly gains, with the tech-heavy NASDAQ Composite the star of the show, poised for a 2.9% gain before this session. The Trump administration's tariffs took effect from Thursday,...