The Hang Seng Index opened higher today, gaining 70 points or 0.27%, to reach 25,458. Meanwhile, the China Enterprises Index rose by 22 points or 0.24%, closing at 9,173, and the Hang Seng Tech Index increased by 21 points or 0.37%, settling at 5,699. Technology stocks displayed mixed movements. Tencent remained unchanged, Alibaba rose by 1.2%, Meituan edged up 0.4%, Xiaomi Group dipped slightly by 0.1%, and Kuaishou gained 0.6%. Financial stocks showed general stability. HSBC Holdings recorded no change, AIA Group rose by 0.5%, Ping An Insurance increased by 0.4%, and the Hong Kong...
Stocks rallied on Wednesday, pushing the Dow Jones Industrial Average and S&P 500 higher for the second day in a row, as investors looked past the trade turmoil that weighed on the market earlier in the week. The gains came even as notable technology stocks Alphabet and AMD posted steep losses following earnings. The blue-chip Dow climbed 317 points, or 0.7%, led by gains in Nvidia.The broad market index rose about 0.4%, putting its week-to-date gains into positive territory at 0.3%. Meanwhile, the Nasdaq Composite ticked higher by 0.2%. Nvidia jumped 4% after the server maker Super...
The S&P 500 moved higher on Wednesday in choppy trading as investors shrugged off a revenue miss from AlphabetThe broad market index rose 0.1%, while the Dow Jones Industrial Average climbed 143 points, or 0.3%. The Nasdaq Composite fell 0.1%. Alphabet shares tumbled 7% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap technology company will take longer to capitalize on its AI ambitions. Overall revenue for the period also came up short.AMD shares were also lower by 7% after the company's...
The S&P 500 and Nasdaq Composite fell Wednesday after mixed quarterly figures from Alphabet and chipmaker AMD led the tech sector lower. A decline in Apple also put pressure on the major indexes. The broad market index dipped 0.2%, while the Nasdaq lost 0.5%. The Dow Jones Industrial Average hovered around the flatline. Alphabet shares tumbled 8% after the Google-parent posted a cloud revenue miss as it ramps up spending on artificial intelligence, spooking investors who worried the megacap tech company will take longer to capitalize on its AI ambitions. Overall revenue for the period...
The Hang Seng Index fell 0.9% at 20,597.09 in Hong Kong. The move was the biggest since falling 1.6% on Jan. 22 and follows the previous session's increase of 2.8%. AIA Group Ltd. contributed the most to the index decline, decreasing 1.9%. Nongfu Spring Co. had the largest drop, falling 6.9%. Today, 67 of 83 shares fell, while 15 rose; all sectors were lower, led by commerce and industry stocks. Source: Bloomberg
European markets opened in negative territory on Wednesday (2/5), with investors looking ahead to more earnings from a number of major companies. Earnings are due from Handelsbanken, TotalEnergies, Akzo Nobel, Credit Agricole, Novo Nordisk, GSK, Vestas Wind and Banco Santander, among others. On the data front, the latest purchasing managers' index data from the euro zone is due on Wednesday. Regional markets were mostly flat on Tuesday as investors continued to monitor developments in U.S. trade policy under President Donald Trump, and after China announced tariffs on U.S. imports in...