The S&P 500 closed mostly flat on Friday, the Dow Jones extended its record run, rising 240 points finisheing at 46,758 after briefly surpassing 47,000 during the session, while the Nasdaq slipped 0.3% as the US government shutdown entered its third day. Pressure came from major technology names, with Palantir Technologies leading the S&P 500 lower, dropping 7.5%, while Tesla and Nvidia fell 1.4% and 0.7%, respectively. Applied Materials declined 2.7% after warning of a $600 million revenue hit tied to semiconductor export restrictions. Investors focused on the shutdown, which...
Stocks in the US seesawed on Wednesday as investors reacted to the Federal Reserve's decision to keep interest rates unchanged and Fed Chair Powell's cautious tone amid rising geopolitical and economic uncertainty. The S&P 500 finished slightly lower, the Dow lost 44 points while, the Nasdaq added 0.1%. Powell emphasized the Fed's wait-and-see stance, citing uncertainty around the inflationary effects of President Trump's tariffs and the risk of stagflation, as officials projected two rate cuts in 2025 but downgraded growth forecasts and raised inflation expectations. Markets were...
Wall Street's main indexes ticked up on Wednesday, as investors awaited the Federal Reserve's monetary policy decision, while the Israel-Iran attacks entered the sixth day. Investors will closely monitor Fed Chair Jerome Powell's comments to gauge how he plans to combat the risk of rising prices, which remains a dominant concern for the central bank. The Fed is expected to leave rates unchanged at its meeting, scheduled later in the day. Ahead of the monetary policy decision, money market moves show traders are pricing in about 46 basis points of rate cuts by the end of 2025, with a 55%...
Hong Kong stocks declined for a second straight session on Wednesday as escalating tensions in the Middle East fueled concerns about potential supply disruptions, while investors awaited signals on new stimulus from the Lujiazui Forum. The Hang Seng Index slipped 269.61 points, or 1.1%, to 23,710.69, while the Hang Seng China Enterprises Index fell 100.48 points, or 1.2%, to 8,594.19. Markets tracked developments in the Israel-Iran conflict, now in its sixth day of direct exchanges. US President Donald Trump met his national security team in Washington on Tuesday to discuss the situation,...
Both the STOXX 50 and STOXX 600 hovered near the flatline on Wednesday, as investors weighed ongoing geopolitical tensions and major central bank decisions. Markets continued to monitor the conflict between Israel and Iran, which is now in its sixth day, with no sign of a ceasefire. Concerns persisted over the potential for escalation and the possibility of greater U.S. involvement, especially after President Trump called for Iran's unconditional surrender. At the same time, traders remained cautious ahead of the Fed's monetary policy decision. While the central bank is widely expected to...
Japanese stocks rose after the close on Wednesday (6/18), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close in Tokyo, the Nikkei 225 rose 0.87% to hit a fresh 3-month high. The best performer on the Nikkei 225 was Nintendo Co Ltd (TYO:7974), which rose 6.59% or 820.00 points to trade at 13,260.00 at the close. Meanwhile, Taisei Corp. (TYO:1801) rose 5.13% or 411.00 points to end at 8,421.00 and Lasertec Corp (TYO:6920) gained 4.77% or 735.00 points to 16,150.00 in late trade. The worst performers on the session were Nippon Steel Corp (TYO:5401), which...