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...
Hong Kong stocks fell 26 points, or 0.1%, to 24,711 on Tuesday morning, reversing gains from the previous session. Traders remained cautious after the city's weather bureau extended its highest "black" rain warning until 11:00 a.m., as heavy rain disrupted schools, hospitals, courts, and civil registry offices. The Hong Kong Stock Exchange remained open with revised policies that allow trading to continue regardless of the weather. Investors also cautiously awaited China's July trade data and upcoming inflation figures, amid concerns over rising trade barriers and weak domestic demand....
The Nikkei 225 rose 0.5% to 40,500, while the broader Topix Index rose 0.4% to 2,928 on Tuesday, recovering from the previous session's decline and mirroring overnight gains on Wall Street. US stocks rallied on Monday, driven by strong corporate earnings and renewed hopes for a Federal Reserve interest rate cut. Domestically, minutes from the Bank of Japan's June meeting showed policymakers were open to further interest rate hikes if trade tensions ease, although the board still considered the current rate appropriate amid lingering uncertainty. Industrial and consumer stocks led the...
European shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares following a hefty 39% U.S. tariff on Swiss goods. The pan-European STOXX 600 index, rose 0.9%, with most major regional markets, barring Swiss stocks, rebounding from Friday's sharp losses, when worries about tariffs and a weak U.S. jobs report hammered sentiment. The German DAX climbed 1.4%, France's CAC 40 rose 1.1% and Britain's FTSE 100 added 0.7%. Zurich's SMI index dipped 0.2% as trading resumed following a long weekend. Switzerland was left stunned on...
Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs report. At 11:39 a.m. ET, the Dow Jones Industrial Average rose 463.55 points, or 1.06%, to 44,052.13, the S&P 500 gained 74.56 points, or 1.20%, to 6,312.57 and the Nasdaq Composite gained 325.95 points, or 1.58%, to 20,976.08. Both the S&P 500 and the Nasdaq were on track for their biggest single-day jump in more than two months. This is in contrast to Friday, when a...