The S&P 500 and Nasdaq 100 closed at new record highs on Thursday (July 24), up 0.1% and 0.2%, respectively. This was supported by Alphabet's strong earnings, which bolstered investor confidence in AI investments. Alphabet shares rose 1% after the company beat second-quarter expectations and raised its 2025 capital spending forecast by $10 billion, lifting shares of other tech giants like Microsoft, Nvidia, and Amazon. Tesla fell 7.9% after CEO Elon Musk warned of challenging quarters ahead. The Dow Jones Industrial Average weakened, dropping 270 points, pressured by an 8% drop in IBM...
Asia-Pacific markets were mixed on Tuesday, with investors cautious even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Australia's S&P/ASX 200 fell 0.33%. Japan's Nikkei 225 gained 0.23% while the Topix gained 0.68%. South Korea's Kospi fell 1.25%, while the Kosdaq Composite dropped 2.04% Hong Kong's Hang Seng futures were at 20,324, lower than the HSI's last close of 20,426.93. Traders in Asia-Pacific will be watching a slew of economic data from the region, including the National Australia Bank's survey on business...
Blue chip stocks lead advancers to start the week with the Dow Industrials climbing above 44000. Consumer discretionary and financial sectors rally on expectations of policies from a new Trump administration. Bond markets were closed for Veterans Day. Tesla gains 9.1%, Trump Media & Technology Group adds 4.7% and bitcoin surges above $84,000. Cigna rises 7.3% after saying it wasn't seeking to buy Humana, while AbbVie slides 13% after its experimental schizophrenia drug failed in trials. DJIA gains 304 points, or 0.7%, to 44293, the S&P 500 gains 0.1% to 6001, while the Nasdaq rises...
European stocks had a strong start to the week, with the Stoxx 50 and Stoxx 600 both rising over 1% as investors considered the potential market impact of Donald Trump's presidency. The construction and materials sector led gains, climbing 2%, while industrial stocks increased by 1.7%. On the corporate side, Continental's shares surged 10% after posting better-than-expected profits. Defence stocks, including Sweden's SAAB, Italy's Leonardo, and the UK's Rolls-Royce, rose between 3% and 4.4%. MTU Aero Engines gained 1% after an upgrade from Goldman Sachs. The chemicals sector was up 1.3%,...
US stock futures pointed higher on Monday as investors assessed the staying power of a post-election rally and looked ahead to fresh economic data this week. By 03:20 ET (08:20 GMT), the Dow futures contract had added 82 points or 0.2%, S&P 500 futures had jumped by 15 points or 0.3%, and Nasdaq 100 futures had gained 73 points or 0.4%. The benchmark S&P 500 hit a fresh all-time peak and touched the 6,000 level for the first time on Friday, boosted by hopes that Donald Trump would roll out tax cuts and extensive deregulation during his second four-year term in the White...
The Hang Seng Index fell for the second day, dropping 1.5%, or 301.26 to 20,426.93 in Hong Kong. The index dropped to the lowest closing level since Oct. 31. Meituan contributed the most to the index decline, decreasing 3.2%. Longfor Group Holdings Ltd. had the largest drop, falling 5.1%. Today, 62 of 82 shares fell, while 14 rose; 3 of 4 sectors were lower, led by finance stocks. Source : Bloomberg