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...
(Hong Kong) The escalating tensions in the Middle East have impacted the financial markets, with the Hang Seng Index opening lower by 75 points or 0.31%, standing at 23,959 points. Concurrently, the H-share index dropped by 41 points or 0.47%, reaching 8,688 points, while the technology index also experienced a decline of 50 points or 0.95%, settling at 5,280 points. In the tech sector, there was a general softening trend, with Tencent showing a minor increase of 0.1%, while Alibaba witnessed a decrease of 1.5%. Similarly, Meituan fell by 1.2%, Xiaomi Group dropped by 0.5%, and Kuaishou...
Japanese equities slipped on Friday despite Wall Street's gains, driven by cooling US inflation and anticipation of Federal Reserve rate cuts. The Nikkei 225 opened 42.84 points lower at 38,324.93. Investors are awaiting Japan's revised industrial production report for April; the preliminary reading showed a 0.70% increase year-over-year. Meanwhile, Japanese Prime Minister Shigeru Ishiba believes there's a significant gap in trade talks with the US, and he has no immediate timeline for an agreement, according to Bloomberg News on Thursday. This comes ahead of his anticipated meeting with...
Asia-Pacific markets were set to open higher Friday, tracking gains on Wall Street following a batch of economic data that pointed toward a solid U.S. economy. Futures for Japan's benchmark Nikkei 225 in Chicago were at 38,220 while their counterpart in Osaka last traded at 38,170 compared with the index's Thursday close of 38,173.09 Futures for Hong Kong's Hang Seng index last traded at 24,178, compared with the HSI's last close of 24,035.38. Australia's S&P/ASX 200 was also set to start the day higher, with futures tied to the benchmark at 8,605, compared to the index's close of...
US equites closed slightly higher on Thursday, as a rally in Oracle shares and cooling inflation offset lingering trade uncertainties. The S&P 500 rose 0.4% and Nasdaq gained 0.2%, lifted by a 13% surge in Oracle shares following strong quarterly results and an upbeat forecast for cloud growth driven by AI demand. However, Boeing fell 4.7% after a deadly crash involving an Air India Dreamliner, weighing on the Dow, which closed 101 points higher. Economic data showed further signs of easing inflation, with the Producer Price Index rising just 0.1% in May, boosting hopes for a Federal...
Stocks slid Thursday as U.S. President Donald Trump threatened setting unilateral tariffs on trading partners in two weeks. The S&P 500 lost 0.1%, while the Nasdaq Composite was down 0.1%. The Dow Jones Industrial Average was also lower by 191 points, or 0.5%. Dow component Boeing shed 4% after an Air India Dreamliner 787 crashed after takeoff with 242 passengers on board. Shares of Oracle surged 11% after the company reported fiscal fourth-quarter results that beat on the top and bottom lines and indicated more cloud growth ahead. Stocks were weaker even as investors got...