The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of the upcoming week pushed investors back into familiar territory. A handful of Magnificent Seven (Mag7) companies will be posting their latest quarterly earnings this week, adding further high-impact events to an already burgeoning data docket. Dow Jones price forecastThe Dow Jones clipped a record high in intraday trading on Monday, tapping 45,130 for the first time ever before slumping back into last week's congestion. The DJIA is now battling...
Both the STOXX 50 and the STOXX 600 rose 0.3% on Friday, extending gains from the previous session, as traders remained cautiously optimistic about the US-UK trade deal and looked ahead to US-China trade negotiations over the weekend. Oil and gas, autos, and healthcare were the best-performing sectors, while insurance lagged behind. Meanwhile, investors also monitored corporate earnings. Shares of Commerzbank edged up just 0.3%, despite the lender reporting a better-than-expected net profit in Q1. Mediobanca shares gained 1.5% following an earnings beat. For the week, both benchmark...
Japan stocks were higher after the close on Friday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 1.51% to hit a new 1-month high. The best performers of the session on the Nikkei 225 were NTT Data Corp. (TYO:9613), which rose 14.26% or 498.00 points to trade at 3,990.00 at the close. Meanwhile, Ajinomoto Co., Inc. (TYO:2802) added 7.40% or 223.00 points to end at 3,238.00 and Kao Corp. (TYO:4452) was up 6.40% or 387.00 points to 6,431.00 in late trade. The worst performers of the session were Mitsubishi Heavy...
Hong Kong shares rose 60 points, or 0.2%, to 22,841 on Friday morning, extending gains for a seventh straight session and holding around a one-month high. Positive sentiment from Wall Street overnight supported sentiment after US President Trump suggested tariffs on Chinese goods could be eased if upcoming trade talks in Switzerland go smoothly—the first formal negotiations between the US and China. Investors also cheered a major trade deal between the US and the UK. Financial and consumer stocks led gains, while property and technology stocks lagged. However, further gains were capped by...
The Nikkei 225 Index jumped 1.2% to above 37,300 while the broader Topix Index gained 0.9% to 2,720 on Friday, with Japanese shares hitting six-week highs, tracking a rally on Wall Street overnight as President Donald Trump unveiled a trade deal with the UK, the first since the US imposed sweeping tariffs last month. On the domestic front, investor sentiment was buoyed by data showing a stronger-than-expected rise in personal spending in March, signaling resilience in consumer demand. However, a continued decline in real wages—down for the third consecutive month—tempered optimism about the...
Stocks rose Thursday after President Donald Trump announced a trade deal framework between the U.S. and United Kingdom, the first major agreement hatched since the U.S. launched pre-emptive tariffs on most of the globe earlier this year. The Dow Jones Industrial Averag gained 254.48 points, or 0.62%, to settle at 41,368.45. The S&P 500 rose 0.58% and closed at 5,663.94. The Nasdaq Composite advanced 1.07% to end at 17,928.14. Trump announced the deal outline from the Oval Office with U.K. Prime Minister Keir Starmer on speakerphone. A 10% baseline tariff will remain on the U.K.,...