US stocks closed mixed on Tuesday (July 22nd), as the S&P 500 hit a new record, rising nearly 0.1%, the Dow Jones Industrial Average rose 170 points, and the Nasdaq 100 fell 0.5% ahead of key earnings reports from Alphabet and Tesla. Chip stocks weighed on the Nasdaq, with Nvidia down 2.4% and Broadcom down 3.3% following reports that SoftBank and OpenAI's massive AI project was stalled. Shares of Lockheed Martin (-10.8%) and Philip Morris (-8.2%) fell sharply after disappointing results. General Motors (-8%) also warned of a deeper impact on profits related to tariffs after a 32%...
Hong Kong stocks are headed for a weekly gain as investors await more clarity on stimulus measures from Beijing. The Hang Seng Index rose 0.2 per cent to 19,642.83 as of 10.02am local time, taking the gain to 1.1 per cent for the week. The Hang Seng Tech Index gained 0.7 per cent. Mainland's benchmarks declined. The CSI 300 Index and the Shanghai Composite Index both retreated 0.3 per cent. Source: SCMP
The Topix Index is rising 0.8% at 2,704.34 in Tokyo. In midday trading, electric appliances stocks led the market higher, as 30 of 33 sectors gained; 1,537 of 2,128 shares rose, while 453 fell. Recruit Holdings Co. contributed the most to the index gain, increasing 2.7%. Integrated Design & Engineering Holdings Co. had the largest increase, rising 20.5%. Source: Bloomberg
Asian equities rose Friday following gains on Wall Street as investors shook off initial concerns over Nvidia Corp.'s revenue outlook. Bitcoin edged closer to $100,000 while the dollar gained. Shares in Australia and Japan advanced. An index of US-listed Chinese stocks fell 1% Thursday, running against the grain of trading in New York but partly reflecting selling in Hong Kong stocks in their most recent session. The S&P 500 and Nasdaq 100 both rose Thursday. Nvidia ended higher and even touched a fresh intraday record in a sign investors...
The S&P 500 rose Thursday in choppy trading as investors poured into stocks poised to benefit from a booming economy, and shook off a decline in technology stocks led by Nvidia. The Dow Jones Industrial Average added 370 points, or 0.8%. The S&P 500 added 0.2%, and the Nasdaq pulled back 0.4%. The market gains were led by companies that would benefit from a accelerating economy, despite the overarching focus on market bellwether Nvidia's earnings report after the bell Wednesday. Some of Thursday's winners included bank stocks like JPMorgan and Goldman Sachs and retailer Home...
European stocks inched higher Thursday afternoon as investors focused on earnings and economic data amid weak global market sentiment. The pan-European Stoxx 600 was up 0.08% by 3:30 p.m. London time, as sectors and major bourses diverged. Insurance stocks led gains, up 1.07%, while retail dipped 0.37%. Shares of British sports retailer JD Sports fell more than 16% after it warned that its annual profits would come in at the lower end of its guidance following a difficult October and subdued consumer spending. Market sentiment was knocked overnight as investors parsed the all-important...