The S&P 500 fell on Tuesday, a day after the broad market index and Nasdaq Composite hit fresh records, as traders weighed the latest earnings reports and new trade developments. The S&P 500 ticked lower by 0.3%, while the Nasdaq slipped 0.9%. The Dow Jones Industrial Average rose 74 points, or 0.2%. Shares of aerospace and defense name Lockheed Martin were down almost 7% after the company's revenue for the second quarter missed analyst estimates. Similarly, Philip Morris lost 6% after the tobacco company's second-quarter revenue also missed expectations. So far, 88 S&P 500...
The Hang Seng rose 136 points or 0.6% to close at 24,028 on Thursday, partly recovering from a sharp drop the day before amid strong gains in financial and property stocks. Traders looked for signs of policy support after China's producer prices last month shrank the most in near two years. Meanwhile, minutes from the June FOMC meeting showed that "most participants" expected rate cuts would be appropriate later this year, with any inflation from tariffs seen as "temporary or modest." Markets largely brushed off fresh tariff threats from U.S. President Trump, with analysts noting investors...
European stocks edged higher Thursday, with investors showing a degree of confidence even after U.S. President Donald Trump's latest salvo of trade tariffs. At 03:05 ET (07:05 GMT), the DAX index in Germany gained 0.4%, the CAC 40 in France climbed 0.4% and the FTSE 100 in the U.K. rose 0.8%. New U.S. tariff ratesOn Wednesday, U.S. President Donald Trump sent letters dictating new U.S. tariff rates on at least seven more countries' imports, adding to the letters sent to 14 other countries earlier this week. He also announced a 50% tariff on Brazil after a spat with his Brazilian...
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.37%. The best performers of the session on the Nikkei 225 were Rakuten Inc (TYO:4755), which rose 3.23% or 25.30 points to trade at 808.50 at the close. Meanwhile, Hoya Cor (TYO:7741) added 3.22% or 555.00 points to end at 17,780.00 and Resonac Holdings Corp (TYO:4004) was up 2.46% or 84.00 points to 3,498.00 in late trade. The worst performers of the session were Nikon Corp. (TYO:7731), which fell...
The Hang Seng Index started the day with a 26-point or 0.11% decline, settling at 23,865 points. Meanwhile, the H-share index dropped by 8 points or 0.09%, reaching 8,588 points, and the technology index saw a 13-point or 0.26% decrease, standing at 5,218 points. In the realm of tech stocks, Tencent remained stable; Alibaba experienced a 0.8% decline; Meituan saw a 1% drop; Xiaomi Group rose by 0.1%; and Kuaishou dropped by 0.3%. The fluctuations in the financial sector were mixed, with HSBC Holdings rising by 0.1%; AIA Insurance declining by 0.1%; Ping An of China remaining unchanged; and...
The Nikkei 225 Index fell 0.4% to below 39,700 while the broader Topix Index dropped 0.6% to 2,810 on Thursday, erasing gains from the previous session as stalled trade negotiations between the US and Japan weighed on sentiment. US President Donald Trump recently announced a 25% tariff on Japanese goods, set to take effect on August 1, while ruling out any deadline extensions. Japanese Prime Minister Shigeru Ishiba called the move "truly regrettable," though he reaffirmed Japan's willingness to continue dialogue in pursuit of a mutually beneficial agreement. According to a think tank, the...