The three US indices closed lower on Thursday, as gains in Microsoft and Meta failed to lift the broader market amid renewed trade uncertainties and economic concerns. The S&P 500 fell 0.5%, marking its third consecutive loss, while the Nasdaq 100 slipped 0.4%. The Dow dropped 330 points, dragged down by losses in healthcare stocks. Market sentiment was dented by President Trump's decision to extend a 25% tariff on Mexican imports and looming deadlines for broader trade actions. The Fed's preferred inflation gauge, the core PCE, rose 0.3% in June and 2.8% from a year earlier, adding to...
European markets closed higher on Tuesday as investors in the region digested inflation data and corporate earnings releases. The pan-European Stoxx 600 index provisionally ended the session up 0.34%, with mining, utilities and construction stocks among the few sectors in negative territory. Major bourses were in mixed territory, with the FTSE 100 down by around 0.09%. Annual inflation in the euro zone rose to 2.4% in December, a flash estimate from Eurostat showed on Tuesday, up from 2.2% in November. The print — which was in line with expectations, according to a Reuters poll of...
Most US stocks rose on Tuesday, with the S&P 500 up 0.4%, extending gains for a third session, the Dow Jones up nearly 130 points and the Nasdaq trading around the flatline. All sectors were in the green but energy and real estate outperformed. In the corporate sector, Nvidia shares rose 1.6%, following the CEO's announcement of new chips, software and services. On the other hand, Tesla fell nearly 0.7% after Bank of America downgraded the stock. Meanwhile, traders awaited the JOLTS report for additional insight into the performance of the labor market while continuing to evaluate...
European stocks fell on Tuesday, retreating after strong gains in the last session, as a decline in healthcare and financial stocks weighed while investors focused on key inflation data across the continent due later in the day. Europe's main index, the STOXX 600, was down 0.3% by 0810 GMT after rising to a more than two-week high on Monday following a report suggesting U.S. President-elect Donald Trump may opt for a less aggressive tariff strategy. Trump later denied the report, adding to the uncertainty. On the day, healthcare was among the biggest early losers, down 0.8% with index...
The Hang Seng tumbled 241 points or 1.2% to close at 19,448 on Tuesday, marking its second day of losses and nearing its lowest since the end of November. Declines were widespread across sectors, with the tech index down near 1% amid a steep 7.5% plunge in Tencent Hlds. after the US added the tech giant and battery maker CATL to a list of firms allegedly aiding China's military. Tencent issued a statement claiming its inclusion on the list was a clear mistake and that the listing would have no impact on its business. Meanwhile, CATL asserted that it does not engage in any military-related...
Hong Kong stocks plunged 113 points, or 0.6%, to 19,576 during the session on Tuesday (1/7), declining for a second day. The decline was driven mainly by the consumer and technology sectors, with Tencent Holdings plunging nearly 5% after being blacklisted by the U.S., along with CATL Co., over alleged ties to the Chinese military. The move comes just weeks before Donald Trump takes office. Limiting further losses, Wall Street posted back-to-back gains overnight, with the S&P 500 and Nasdaq gaining as technology stocks surged. Meanwhile, Reuters reported that Chinese authorities have...