Wall Street's main indexes opened higher on Monday after a sharp pullback in the previous session, as markets priced in prospects of deeper rate cuts by the Federal Reserve following a surprisingly soft jobs report. The Dow Jones Industrial Average (.DJI), opens new tab rose 135.4 points, or 0.31%, at the open to 43724.02. The S&P 500 (.SPX), opens new tab rose 33.7 points, or 0.54%, to 6271.71, while the Nasdaq Composite (.IXIC), opens new tab rose 203.8 points, or 0.99%, to 20853.907. Source: Reuters
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,...