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 rose on Monday, building on their comeback from a four-week rout on Wall Street exacerbated by President Donald Trump's chaotic tariff policy rollout and falling consumer confidence. The S&P 500 gained 0.64% to close at 5,675.12, while the Nasdaq Composite climbed 0.31% and ended at 17,808.66. The Dow Jones Industrial Average also advanced 353.44 points, or 0.85%, to end at 41,841.63. The 30-stock index was bolstered by gains in Walmart and International Business Machines.All three of the major averages posted back-to-back gains. "We're in a near-term counter-trend rally," Sam...
The S&P 500 rose on Monday as the benchmark tries to continue its comeback from correction territory following a four-week rout on Wall Street exacerbated by President Donald Trump's chaotic tariff policy rollout and falling consumer confidence. The broad market index gained 0.2%, while the Nasdaq Composite fell 0.3%. The Dow Jones Industrial Average advanced 237 points, or 0.6%, bolstered by gains in Walmart and International Business Machines Helping sentiment was the February retail sales report, as traders breathed a sigh of relief that the figures weren't worse. Retail sales...
European stocks started the new trading week in positive territory, although investors will be looking to see if global market volatility continues. The pan-European Stoxx 600 index was 0.1% higher shortly after the opening bell, with most sectors moving higher. European markets ended the week higher Friday after German lawmakers reportedly came closer to agreeing on reforming the country's so-called debt brake rule. Media reports said Germany's likely next chancellor Friedrich Merz had won support from the Greens party to hike public borrowing to allow an increase in defense...
Japan stocks were higher after the close on Monday, as gains in the Power, Rubber and Chemical, Petroleum & Plastic sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 0.95%. The best performers of the session on the Nikkei 225 were Mitsubishi Heavy Industries, Ltd. (TYO:7011), which rose 12.17% or 311.00 points to trade at 2,867.00 at the close. Meanwhile, IHI Corp. (TYO:7013) added 9.70% or 1,045.00 points to end at 11,820.00 and Hitachi Construction Machinery Co (TYO:6305) was up 6.33% or 253.00 points to 4,250.00 in late trade. The worst performers of the...
Hong Kong equities jumped 375 points or 1.6% to 24,338 in Monday morning trading, extending gains for the second session. Optimism over China's newly announced "Special Action Plan to Boost Consumption," aimed at stimulating domestic demand, supported the rally. In addition, state media Xinhua said that Beijing also plans to stabilize the stock and real estate markets, boost the birth rate, and support inbound and domestic tourism. These comprehensive measures were unveiled on Sunday. On the economic data front, China's industrial output rose 5.9% yoy in the first two months of 2025,...