The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
European markets closed lower Friday as investors reacted to disappointing data prints from two of the region's largest economies. The pan-European Stoxx 600 provisionally closed 0.62% lower, also recording a weekly loss after three weeks in the green. Friday's downbeat mood followed unexpected declines in both U.K. GDP and key export data from Germany. The U.K. economy contracted by an estimated 0.1% on a monthly basis, the ONS said Friday, with officials attributing the downturn to a decline in production output. Economists polled by news agency Reuters had projected a 0.1% rise in GDP...
The S&P 500 rose Friday, boosted by gains in tech, but the benchmark was still on track for its first weekly decline in four weeks. The broad market index was up 0.3%, and the Nasdaq Composite gained 0.5%. The Dow Jones Industrial Average advanced 101 points, or 0.2%. Broadcom gained around 20% after posting fiscal fourth quarter adjusted earnings that beat estimates and reporting that artificial intelligence revenue soared 220% for the year. Micron and Nvidia followed Broadcom higher in early trading. The moves come on the heels of a losing session on Wall Street. The 30-stock Dow...
European markets opened lower on Friday as investors reacted to disappointing data from the region's two largest economies. The pan-European Stoxx 600 fell 0.18% after the opening bell, following an unexpected contraction in UK GDP and key export data from Germany. The UK economy contracted by about 0.1% on a month-on-month basis, the ONS said on Friday, with officials attributing the decline to a drop in output. Economists polled by Reuters had projected a 0.1% rise in GDP in October. On Thursday, the European Central Bank cut its main interest rate by 25 basis points, marking its fourth...
The Hang Seng plunged 426 points, or 2.1%, to close at 19,971 on Friday after a strong session the previous day, weighed down by heavy losses across sectors. Investors were disappointed after China's Central Economic Work Conference ended without providing specific policy details on fiscal stimulus, although top leaders pledged to spur consumption. Traders were also cautious ahead of next week's FOMC meeting, with some experts warning that a recent pick-up in U.S. inflation could delay or alter plans for interest rate cuts next year. In China, November activity data including industrial...
The best performers on the Nikkei 225 were Oji Holdings Corp. (TYO:3861), which rose 11.23% or 62.70 points to close at 620.80. Meanwhile, Bandai Namco Holdings Inc. (TYO:7832) rose 7.09% or 237.00 points to close at 3,579.00 and Advantest Corp. (TYO:6857) gained 5.81% or 515.00 points to close at 9,380.00. The worst performers were Omron Cor (TYO:6645), which fell 5.63% or 292.00 points to close at 4,892.00. IHI Corp. (TYO:7013) fell 5.18% or 452.00 points to close at 8,278.00 and Mitsubishi Heavy Industries, Ltd. (TYO:7011) dropped 4.12% or 98.50 points to close at 2,291.50. Declining...