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...
Asia-Pacific markets traded mixed Wednesday, after Wall Street gains on investor optimism after U.S. President Donald Trump extended the deadline for a 50% tariff on European Union imports until July 9. Japan's benchmark Nikkei 225 and Topix traded flat to close at 37,722.4 and 2,769.51 respectively. South Korea's Kospi jumped 1.25% to end the trading day at 2,670.15 and the small-cap Kosdaq Index advanced 0.23% to close at 728.79. Australia's S&P/ASX 200 slipped 0.13% to close at 8,396.9. Australia's inflation rate rose 2.4% in April, unchanged since February but higher than the...
The Nikkei 225 Index rallied 1.4% to above 38,200 while the broader Topix Index gained 1.1% to 2,800 on Thursday, extending this week's rally after a US federal court blocked President Donald Trump's global tariff measures. The US Court of International Trade ruled that Trump had exceeded his authority in imposing reciprocal tariffs and ordered the measures to be vacated and permanently enjoined. The Trump administration is expected to appeal the decision. On the domestic front, Bank of Japan Governor Kazuo Ueda signaled growing concern over rising super-long-term bond yields, stressing...
U.S. stocks closed lower on Wednesday as investors weighed earnings, Fed minutes and trade tensions ahead of Nvidia's results. The S&P 500 and Nasdaq each fell 0.5%, and the Dow dropped 224 points. Nvidia shares rose 1% ahead of earnings, which are seen as a key test of AI-driven market optimism. The Fed minutes reflected a cautious stance, warning of "difficult compromises" amid economic uncertainty. Trade concerns resurfaced after the Trump administration asked U.S. companies to halt some semiconductor software sales to China, putting pressure on Cadence and Synopsys. Okta fell more...
It's been a broadly negative day for European equities, with the regional Stoxx 600 index closing 0.6% lower as Germany's DAX slipped 0.78% from Tuesday's record high close. There have been few stand-out performers, though defense firms including Renk, Hensoldt and Saab all moved higher as investors continue to eye tailwinds behind the sector. Automaker Stellantis closed 2.2% lower after the owner of Jeep, Dodge, Fiat, Citroen and more named North American chief operating officer Antonio Filosa as its new chief executive. The announcement ends months of uncertainty at a challenging time...
Wall Street trading was fairly muted in the run-up to the highly anticipated earnings from Nvidia Corp. — the last of the "Magnificent Seven" megacaps to report. Just hours ahead of results from the world's most-valuable chipmaker, the S&P 500 fluctuated. Nvidia, which has surged more than 40% from its April low, barely budged. The options market implies a post-results move of about 6% in either direction, lagging the average swing over the past two years. "Wednesday's Nvidia earnings report is pivotal not just for Nvidia but for the entire stock...