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...
European markets closed in positive territory on Friday with London's FTSE 100 ending the session at a record high. The pan-European Stoxx 600 index ended Friday 0.68% higher, with nearly all sectors and all major bourses in the green. Mining stocks led the gains, with the sector up 2% after Bloomberg reported Glencore had been in talks with Rio Tinto to explore the industry's largest ever merger. Novo Nordisk was the one of biggest detractors sliding by 4.3%. The U.K.'s mining-heavy FTSE 100 index strengthened provisionally by 1.35% to surpass a record close above 8,500 points. The rise...
US stocks were higher on Friday, with the S&P rising 0.9%, the Dow gaining 290 points and the Nasdaq soaring 1.5%. Investors continue to assess the Fed's potential to implement further rate cuts this year, supported by this week's softer-than-expected core inflation, PPI, and retail sales data. Markets are also looking ahead to Monday's inauguration of President-elect Trump for potential clarity on forthcoming policy changes. Additionally, corporate updates are in focus: Truist Financial shares climbed over 4.5% after the company reported earnings and revenue that exceeded...
The Hang Seng rose 61 points, or 0.3%, to close at 19,584 on Friday, marking its fourth session of gains amid upbeat economic data from China. The country's GDP grew 5.4% year-on-year in Q4, the fastest pace since Q2 2023, meeting the official target of around 5% thanks to stimulus measures in recent months. Meanwhile, industrial output rose 6.2% year-on-year in December, the highest in eight months, and retail sales recovered from a three-month low in November. Locally, figures from the Hong Kong Tourism Board showed tourist arrivals in the city jumped 31% to nearly 45 million in 2024,...
European stock markets rose on Friday, boosted by stronger-than-expected Chinese growth data that overshadowed disappointing retail sales figures from the U.K. At 3:05 a.m. ET (08:05 GMT), Germany's DAX index was up 0.5%, France's CAC 40 was up 0.5% and the U.K.'s FTSE 100 was up 1%. China's economy grew 5.4% in the fourth quarter from a year earlier, data released earlier on Friday showed, significantly beating analysts' expectations and marking the fastest growth since the second quarter of 2023. For the full year of 2024, the world's second-largest economy expanded 5.0%, meeting the...
Japanese stocks fell after the close on Friday, as losses in the Transportation, Automobiles & Parts and Pharmaceuticals sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.41% to hit a fresh 1-month low. The best performers on the Nikkei 225 were Hino Motors, Ltd. (TYO:7205), which rose 7.59% or 42.40 points to trade at 601.00 at the close. Meanwhile, Taiheiyo Cement Corp. (TYO:5233) gained 6.30% or 218.00 points to close at 3,677.00 and Okuma Corp. (TYO:6103) gained 4.79% or 160.00 points to close at 3,500.00 in the last trade. The worst performers of the...