The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding nearly 500 points and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered. The AI segment continues to see new challenges amid concerns about endpoint revenues, and investors are hoping that a kickstart to official data sources following the reopening of the federal government will help push the Federal Reserve (Fed) to deliver a third straight interest rate cut in December. Alphabet shares supported by Berkshire...
European stocks opened in negative territory on Tuesday (November 4), reversing the positive sentiment seen at the start of the new trading month. The pan-European Stoxx 600 index was trading more than 1.1% lower at 8:05 a.m. (3:05 a.m. ET). The UK's FTSE 500 index opened nearly 0.7% lower, while Germany's DAX fell 1.5%, France's CAC 40 fell 1.4%, and Italy's FTSE MIB fell 1.1%. European stocks opened the new trading week—and the month—on a positive note ahead of a busy week of central bank decisions and earnings reports; on Tuesday, we'll get third-quarter results from BP, Philips,...
Japanese stocks closed lower on Tuesday, with the Nikkei Index falling 1.7% to 51,497.20 and the Topix Index down 0.7% to 3,310.14. Profit-taking in previously outperforming stocks, particularly those related to the artificial intelligence (AI) sector, was the main factor in the decline. SoftBank Group and Advantest both fell more than 5% after posting sharp gains this year. "Stocks have been rising very quickly, so it's not surprising that we're seeing repositioning," said Hiroshi Namioka, chief strategist at T&D Asset Management. The strengthening yen against the dollar also put...
Hong Kong stocks rose 55 points, or 0.2%, to 26,210 in early trading on Tuesday (November 4), posting a second consecutive session of gains. Market sentiment was boosted by positive comments from Chief Executive John Lee, who revealed that Hong Kong had recorded 80 initial public offerings (IPOs) in the first ten months of 2025, underscoring the strength of the city's capital market. Furthermore, Chinese Vice President He Lifeng expressed hope for increased economic and financial cooperation between Hong Kong and mainland China, further strengthening Hong Kong's position as a global...
Japanese stocks declined on Tuesday (April 11th), following a sharp rise earlier. The Nikkei index fell 0.5%, reaching 52,136.68, with the retail and technology sectors leading the losses. Aeon Co. shares fell 4.6%, while Recruit Holdings fell 3.6%, indicating profit-taking after a period of significant gains. Despite the Japanese market's decline, investors are still paying close attention to policy developments from Prime Minister Sanae Takaichi. Policy measures taken by the Japanese government could provide further clues about the direction of the country's economy. Investors are still...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South Korea and Japan weakened after a long holiday, while Australian stocks fell ahead of central bank interest rate decisions that are expected to remain unchanged. Although the S&P 500 posted a small gain on Monday, more than 300 of its members declined. In other markets, the US dollar strengthened slightly, while gold fell 0.2%. The Japanese yen also weakened. Major tech deals from Amazon, Microsoft, and Alphabet have given Wall Street renewed...