US stocks recovered from sharp early losses on Friday (November 14th), but closed flat to lower as investors bought back major technology stocks and reassessed the likelihood of a December interest rate cut. This left the S&P 500 and Nasdaq 100 largely stagnant, while the Dow Jones Industrial Average closed 280 points lower. Nvidia, Microsoft, Oracle, and Palantir each rose between 1.1% and 2.4%, reversing some of Thursday's sharp declines in tech stocks. Meanwhile, defensive stocks lagged, with United Healthcare down 3.2% and Home Depot down 1.6%. Stock movements remained uneven, with...
Nikkei Turun 1,7% Akibat Tekanan Logam dan Saham Terkait Chip Japanese stocks are lower in early trade after U.S. technology shares fell sharply overnight. Metals and chip-related stocks are leading the declines. JX Advanced Metals is down 4.6%, Tokyo Electron is 4.9% lower and SoftBank Group is down 7.3%. USD/JPY is at 154.72, compared with 154.95 as of Thursday's Tokyo stock market close. Investors are closely watching corporate earnings and Prime Minister Sanae Takaichi's policy steps to support the economy. Toray Industries and Dai-ichi Life Holdings are set to announce their quarterly...
Gauges in Japan, South Korea and Australia all opened weaker, even as an index of the region was poised for its third gain in four weeks. The S&P 500 closed 1.7% lower while the Nasdaq 100 declined 2.1% Thursday. Attention was also on the pound Friday, which fell after the Financial Times said UK Chancellor Rachel Reeves was ditching a planned income tax rise. The dollar, gold and Treasuries all held their losses as investors parsed commentary from Fed officials that cast doubt over a December rate cut. Also, the...
US stocks plunged on Thursday (November 13), with the S&P 500 falling 1.5%, the Nasdaq 1.9%, and the Dow Jones Industrial Average returning to a record high after a 1.5% decline amid a selloff in AI-related stocks and waning expectations of imminent Fed monetary easing. The market has drastically reduced the probability of a basis point cut on December 25 to around 50% from around 95% a month ago as several Fed officials voiced caution over further easing amid persistent inflation and a gap in official data following the government shutdown. Giant stocks such as Nvidia, Broadcom,...
Both the STOXX 50 and STOXX 600 reversed early gains and closed down 0.6% and 0.8%, respectively, on Thursday, retreating from new record highs reached earlier in the session amid downbeat corporate results. Siemens shares plunged 9.1% after the company released a disappointing profit forecast for next year. 3i Group plunged 17.2% after warning of more cautious projections, and Deutsche Telekom reversed early gains and closed the session slightly in the red, even after again raising its 2025 forecast. Meanwhile, Merck jumped 4.9% after reporting operating profit that beat market...
Wall Street traders bracing for a wave of economic releases after the end of the US shutdown drove stocks lower and bond yields higher amid concern over whether the data will be enough to clear the path for a Federal Reserve rate cut. With much of the optimism about the government reopening already priced in, the S&P 500 wiped out its November advance. Short-dated Treasuries, which are more sensitive to imminent Fed moves, underperformed as money markets project about even odds of a central bank reduction in...