Wall Street's main indexes advanced on Thursday, lifted by hopes that technology giants might dodge President Donald Trump's newest tariffs on chip imports. Apple's (AAPL.O), opens new tab shares climbed 2.4%, having risen 5.1% and led gains on Wall Street in the prior session, after Trump said the iPhone maker will invest an additional $100 billion in the U.S., bringing its total commitment to $600 billion over the next four years. Trump also announced a tariff of about 100% on imports of semiconductors but said it would not apply to companies that are manufacturing in the U.S. or have...
The S&P 500 edged higher on Monday, as investors weighed a looming tariff deadline against opportunity in some of the more volatile investments of the past year like Tesla. The broad index climbed 0.4%, while the Dow Jones Industrial Average gained 174 points, or 0.4%. The Nasdaq Composite flickered around flat, as a slide of 4% in Nvidia mitigated gains elsewhere within the technology sector. The broader market got upward momentum from Tesla, which jumped more than 3% after Morgan Stanley analyst Adam Jonas said it could rebound. Palantir, another retail investor favorite, jumped more...
The Hang Seng rose 65 points, or 0.3%, to close at 23,006 on Monday, ending two straight days of declines as traders eagerly awaited the start of China's National People's Congress on Tuesday. Analysts expect officials to set a growth target of around 5% and a budget deficit of 4% of GDP for this year during the crucial annual meeting. Investors are also hoping that U.S. tariffs on China could be delayed or reduced after President Trump announced plans to impose an additional 10% tariff on all Chinese imports starting March 4, after the 10% levy was imposed on Feb. 4. Meanwhile, China's...
European markets are set to start the week on a positive note, with defense stocks seen opening sharply higher after regional leaders held security talks that discussed higher military spending. The U.K.'s FTSE 100 is expected to open 42 points higher at 8,846, Germany's DAX is up 135 points at 22,621, France's CAC is up 34 points at 8,124 and Italy's FTSE MIB is up 18 points at 38,798, according to data from IG. Earnings are due from Euroapi and Bunzl, and key data releases include preliminary euro zone inflation data for February, with the latest consumer price index due ahead of the...
Japan stocks were higher after the close on Monday, as gains in the Mining, Gas & Water and Insurance sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.81%. The best performers of the session on the Nikkei 225 were IHI Corp. (TYO:7013), which rose 7.75% or 677.00 points to trade at 9,408.00 at the close. Meanwhile, Recruit Holdings Co Ltd (TYO:6098) added 6.93% or 610.00 points to end at 9,410.00 and Mitsubishi Heavy Industries, Ltd. (TYO:7011) was up 6.74% or 134.00 points to 2,121.00 in late trade. The worst performers of the session were DeNA Co Ltd...
Hong Kong's equities surged 370 points or 1.6% to 23,313 in early trade on Monday, reversing losses from the previous two sessions as traders reacted positively to February's PMI readings in China. Factory activity in the country grew the most in three months, a private survey data showed. Meanwhile, official figures showed the manufacturing sectors unexpectedly expanded while the service economy rose slightly faster than expected. Source: Trading Economics