US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...
The Nikkei 225 Index rose 0.6% to above 38,300 while the broader Topix Index gained 0.5% to 2,730 on Thursday, with Japanese shares snapping a two-day losing streak and tracking gains in key Wall Street indexes. These moves came after US President Donald Trump raised hopes of another one-month tariff pause on imports from Mexico and Canada, while also proposing 25% tariffs on European autos and other goods. Investors also took in Nvidia's earnings report, which highlighted strong demand for chips in the growing artificial intelligence sector. In Japan, Seven & I Holdings saw a sharp...
All three U.S. indexes erased earlier gains on Wednesday, extending their losses from the previous session as investors grappled with trade policy uncertainty and awaited Nvidia's earnings. The S&P 500 fell 0.1%, heading for its fifth straight decline, while the Nasdaq 100 dropped 0.2%. The Dow Jones Industrial Average fell more than 200 points amid concerns about new tariffs after President Trump announced a 25% levy on European autos and confirmed tariffs on Mexico and Canada that will take effect on April 2. Nvidia shares rose more than 2% ahead of its highly anticipated earnings...
European stocks closed sharply higher on Wednesday after a quiet session amid a strong set of corporate earnings, as markets continued to assess risks to European corporate earnings amid U.S. trade headwinds and the prospect of higher defense-focused government spending. The STOXX 50 jumped 1.5% to 5,530, 5 points from a record, and the STOXX 600 gained 1.6% to a fresh record of 560. AB InBev jumped 8.7% after reporting stronger-than-expected fourth-quarter earnings, and Munich RE jumped 4.8% after beating earnings estimates and raising its dividend payout. Additionally, Siemens and...
The S&P 500 added 0.2% and the Nasdaq was up 0.4% on Wednesday, rebounding after 4 consecutive session of losses, while the Dow Jones traded around the flatline. Consumer discretionary and tech were the top performing sectors while health and consumer staples underperformed. Traders are eagerly awaiting Nvidia's earnings report, due after the closing bell, particularly for any insights into the potential impact of the DeepSeek emergence. Nvidia shares were up approximately 2.5%. In addition, Lowe's Companies surged more than 1.7% after reporting a 0.2% increase in same-store sales,...
The STOXX 50 rose 0.6% and the STOXX 600 gained 0.5% on Wednesday, rebounding from a lackluster session the previous day. Investors focused on corporate earnings and monitored a minerals deal between Ukraine and the US aimed at developing Ukraine's natural resources, an agreement that could help ease recent tensions between the two countries. Mining companies led the gains, supported by a rise in copper prices after US President Donald Trump signaled potential import tariffs on the metal. The food and beverages sector also advanced. On the earnings front, Anheuser-Busch InBev surged over 7%...