The three major stock averages in the US swung around the flatline on Monday, as investors braced for the resumption of economic data releases from major statistical agencies following the end of last week's government shutdown. Key reports including the jobs report and trade data are due this week and could influence the Fed's policy decision next month, at a time when many policymakers are growing more sceptical about the need for additional rate cuts. Markets are currently pricing in about a 43% chance of a quarter-point cut in December. Meanwhile, Nvidia is set to report quarterly...
The Nikkei 225 jumped 1.6% to surpass 39,900, while the broader Topix index gained 0.7% to reach 2,776 on Tuesday. The rally helped recover losses from the previous session, as Japanese markets took cues from a strong performance by Wall Street. Overnight, the S&P 500 and Nasdaq Composite surged, driven by solid gains in technology stocks following Foxconn's upbeat fourth-quarter results. A report suggesting the incoming Trump administration may adopt a less aggressive tariff policy also helped lift global market sentiment. In Japan, investors awaited local wage data this week, which...
US stock futures rose slightly on Tuesday (1/7), continuing momentum from strong performances by the S&P 500 and Nasdaq Composite on Monday, which posted a second straight day of gains. driven by a surge in technology stocks. In Monday's regular session, the S&P 500 rose 0.55%, and the Nasdaq gained 1.24%, while the Dow fell 0.06%. The rally was largely driven by a surge in semiconductor stocks after Foxconn reported record revenue and a positive outlook. Nvidia shares jumped 3.4%, hitting a record close, while Micron Technology jumped 10.5%. In other news, Disney revealed plans to...
Asia-Pacific markets were set for gains on Tuesday, following a tech rally on Wall Street that saw the S&P 500 and Nasdaq Composite post back-to-back gains. Global semiconductor stocks, including heavyweight Nvidia, rose after contract electronics giant Foxconn reported record-breaking fourth-quarter earnings. Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company rose to a record high in the session, and may have more room to rise as overnight tech optimism spills over. Japan's Nikkei 225 was set for a rebound after leading losses in Asia, with futures in Chicago at 39,870...
The S&P 500 and the Nasdaq Composite rose on Monday, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected. According to preliminary data, the S&P 500 (.SPX), gained 32.96 points, or 0.56%, to end at 5,975.98 points, while the Nasdaq Composite(.IXIC), gained 243.30 points, or 1.24%, to 19,864.98. The Dow Jones Industrial Average (.DJI), fell 22.40 points, or 0.05%, to 42,709.73. Most of the 11 S&P 500 sectors ended lower, but communication services (.SPLRCL), and...
European markets closed higher on Monday afternoon, having fallen from earlier highs after U.S. President-elect Donald Trump dismissed a media report that his tariff plan may not be as extreme as feared. The regional Stoxx 600 index ended up 0.94%, as the autos sector lost some momentum, closing 3% higher from an earlier gain of nearly 5%. The Washington Post on Monday reported that Trump's team is considering a plan to impose tariffs on all countries, but only on "critical imports." What might be covered was not specified in the story, but Germany's Daimler Truck and Italian-American...