The Nasdaq marked a record closing high on Thursday with support from the technology sector while the benchmark S&P 500 barely managed to notch a record close as investors cautiously monitored private labor market data in the second day of a U.S. government shutdown. The benchmark index's valuation was around its highest level since 2020, with help from heavyweight technology companies including AI chip leader Nvidia and Broadcom. With no official government data available because of the shutdown, investors were monitoring information from other sources. A report from global...
The Nikkei 225 index fell 0.48% to close at 38,536, while the broader Topix index fell 0.27% to 2,701 on Thursday, reversing gains from earlier in the session, weighed down by losses in the technology sector following similar moves on Wall Street overnight. Investors also continued to assess the potential impact of U.S. President-elect Donald Trump's policies on the Japanese economy, particularly on export-driven industries. Meanwhile, traders kept a close eye on a sharply weaker yen, which could provide support for local equities in the near term. Technology stocks led the losses, with...
The Nikkei 225 index rose 0.8% to surpass 39,000, while the broader Topix index gained 1% to 2,735 on Thursday, with Japanese stocks recouping some of the losses seen earlier in the week as the yen depreciated to a 3-1/2-month low. A weaker yen supported the profit outlook for Japan's export-driven industries and boosted carry trades, where investors borrow in yen to invest in higher-yielding assets. Attention now turns to the release of third-quarter GDP data on Friday, which could provide further insight into Japan's economic outlook. Financial stocks led the day's rally, with...
The S&P 500 and the Dow Jones Industrial Average ended Wednesday's session near the flatline as the postelection rally lost some steam. Traders also contemplated a key inflation report that was in line with expectations. The S&P 500 inched higher by 0.02% to close at 5,985.38, while the 30-stock Dow ticked up 47.21 points, or 0.11%, to 43,958.19. The blue-chip index added as much as 230 points earlier on Wednesday. The Nasdaq Composite ended the day with a 0.26% decline and closed at 19,230.74. The October consumer price index accelerated a tad to a 2.6% annual rate, matching the...
The Stoxx Europe 600 Index fell for the second day, dropping 0.1%, or 0.64 to 501.59. The index dropped to the lowest closing level since Aug. 12. Infineon Technologies AG contributed the most to the index decline, decreasing 4.7%. Intermediate Capital Group Plc had the largest drop, falling 7.2%. Today, 395 of 600 shares fell, while 192 rose; 15 of 20 sectors were lower, led by technology stocks. Source : Bloomberg
A gauge of global stocks dipped for a second straight session and U.S. Treasury yields were slightly lower in choppy trading as investors digested the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The Labor Department said the consumer price index (CPI) rose 0.2% for the fourth straight month, in-line with expectations of economists polled by Reuters. In the 12 months through October, the CPI advanced 2.6%, also matching forecasts, after climbing 2.4% in September. Treasury yields fell after the data, but reversed course somewhat to once again put...