European stocks had a mixed session on Monday as traders monitored corporate updates and a meeting between regional leaders and U.S. President Donald Trump to discuss Ukraine. The pan-European Stoxx 600 index provisionally closed fractionally above the flatline. Health-care stocks led gains, up 1.4%, as Novo Nordisk shares climbed 6.6%.The Danish pharmaceutical giant's blockbuster weight-loss drug Wegovy won regulatory approval in the United States to treat a serious liver disease. European leaders, including German Chancellor Friedrich Merz, French President Emmanuel Macron and British...
U.S. stocks were mixed after the close on Wednesday, as gains in the Utilities, Technology and Telecoms sectors led shares higher while losses in the Basic Materials, Oil & Gas and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 0.38%, while the S&P 500 index lost 0.12%, and the NASDAQ Composite index gained 0.15%. The best performers of the session on the Dow Jones Industrial Average were NVIDIA Corporation (NASDAQ:NVDA), which rose 2.15% or 3.78 points to trade at 179.29 at the close. Meanwhile, Unitedhealth Group...
The pan-European Stoxx 600 index provisionally closed just below the flatline on Wednesday, with sectors diverging as second quarter earnings season ramped up. The U.K.'s FTSE 100 finished flat, while France's CAC 40 nudged 0.06% higher, and Germany's DAX rose 0.23%. The euro extended its recent slide against the U.S. dollar, taking losses since the EU-U.S. trade deal announcement over the weekend to 2.3%. The U.S. dollar index was 0.6% higher following better-than-expected economic growth data and ahead of the Federal Reserve's interest rate decision. Source : CNBC
The S&P 500 edged up 0.1% and the Nasdaq 0.3% on Wednesday (July 30), while the Dow Jones Industrial Average hovered near the flatline, as investors awaited the Fed's policy decision and assessed key economic data. The Fed is expected to keep its benchmark interest rate unchanged, with the market closely monitoring its outlook for the remainder of the year, especially after preliminary data showed US GDP grew stronger than expected by 3% in Q2, reinforcing signs of a resilient economy. Furthermore, ADP data showed the US private sector added 104,000 jobs in July, significantly higher...
The Hang Seng Index fell 347 points, or 1.4%, to close at 25,177 on Wednesday (July 30th), extending losses from the previous session amid widespread declines. Technology stocks slumped 2.7%, while consumer discretionary and financial stocks each fell about 1.5%, after US-China trade talks ended without substantial progress, leaving President Trump with the final decision on tariffs. Caution is also growing ahead of today's Fed interest rate decision, with analysts saying most officials prefer to assess the inflationary impact of tariffs, especially with Trump's August 1st deadline...
European stocks declined on Wednesday, with both the STOXX 50 and STOXX 600 slipping nearly 0.2%, reversing modest gains from the previous session, with investors continuing to focus on fresh corporate earnings. Hermès fell more than 2% after its results disappointed investors, while L'Oréal dropped 0.8% following second-quarter sales that missed forecasts. HSBC tumbled 4.4% despite reporting revenue growth and announcing a $3 billion share buyback. Adidas sank nearly 8% after posting weaker-than-expected revenue growth and warning that tariffs would raise prices in the US. In contrast,...