Stocks rose Wednesday, adding to their recent momentum as expectations for lower U.S. Federal Reserve rates continue driving the major indexes to all-time highs. The S&P 500 and Nasdaq Composite advanced 0.4% and 0.5%, respectively, reaching fresh record highs. The Dow Jones Industrial Average gained 1250 points, or 0.6%. AMD popped more than 5% to lead gains in tech. Apple also advanced about 1%, along with Oracle. Those moves followed a record-setting session Tuesday sparked by a tamer-than-expected inflation report that gave investors hope of a Fed rate cut in September. Traders...
Both the STOXX 50 and STOXX 600 closed near the flatline on Friday (5/30) but rose more than 3.5% in May, marking their strongest monthly performance since January. The rally was led by the oil & gas, health care and utilities sectors. Investors digested the latest inflation data from the euro zone's largest economies, with CPI figures showing a decline in inflation in Germany, Italy and Spain, potentially giving the ECB more room to cut borrowing costs at its next meeting next week. At the same time, rising uncertainty over the ongoing U.S. trade dispute kept further gains at bay. A...
Wall Street's main indexes opened lower on Friday as trade worries deepened after U.S. President Donald Trump accused China of violating a tariff agreement, while investors assessed the latest inflation data. The Dow Jones Industrial Average (.DJI), opens new tab fell 23.4 points, or 0.06%, at the open to 42,192.35. The S&P 500 (.SPX), opens new tab fell 8.5 points, or 0.14%, at the open to 5,903.67, while the Nasdaq Composite (.IXIC), opens new tab dropped 44.7 points, or 0.23%, to 19,131.219 at the opening bell. Source: Reuters
The Hang Seng slipped 284 points or 1.2% to finish at 23,290 on Friday, pulling back from a strong session the day before. The tumble followed a U.S. federal court's decision to temporarily reinstate tariffs imposed by President Trump, reversing an earlier trade court ruling that had blocked them. At the same time, China's official May PMI, due over the weekend, kept markets cautious amid concerns over fragile factory activity. Meantime, U.S. Treasury Secretary Bessent said that trade talks with China were "a bit stalled" and may require a direct push from Trump and Xi. Most sectors fell,...
European shares dipped on Friday as caution prevailed after a U.S. court reinstated President Donald Trump's tariffs, even as the benchmark index neared a robust monthly gain. The continent-wide STOXX 600 index was down 0.1%, as of 0711 GMT, pressured by a temporary reinstatement of the most sweeping of Trump's tariffs a day after another court ordered an immediate block on them. However, the benchmark index was set for its first monthly advance in three, up 3.8% so far, capitalising on easing trade tensions and the recent U.S. fiscal concerns that forced investors to move away from...
Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 lost 1.25%. The best performers of the session on the Nikkei 225 were Otsuka Holdings Ltd (TYO:4578), which rose 6.82% or 469.00 points to trade at 7,350.00 at the close. Meanwhile, Kyowa Kirin Co Ltd (TYO:4151) added 4.16% or 94.00 points to end at 2,353.50 and Tokai Carbon Co., Ltd. (TYO:5301) was up 3.70% or 37.00 points to 1,037.00 in late trade. The worst performers of the session were Tokyo Electron Ltd....