The S&P 500 fell on Tuesday, a day after the broad market index and Nasdaq Composite hit fresh records, as traders weighed the latest earnings reports and new trade developments. The S&P 500 ticked lower by 0.3%, while the Nasdaq slipped 0.9%. The Dow Jones Industrial Average rose 74 points, or 0.2%. Shares of aerospace and defense name Lockheed Martin were down almost 7% after the company's revenue for the second quarter missed analyst estimates. Similarly, Philip Morris lost 6% after the tobacco company's second-quarter revenue also missed expectations. So far, 88 S&P 500...
Hong Kong stocks fell, snapping a two-day gain, after China left benchmark lending rates unchanged. The Hang Seng Index fell 0.2 per cent to 19,624.84 as of 10.05am local time. The Hang Seng Tech Index slipped 0.1 per cent. The CSI 300 Index eased 0.2 per cent and the Shanghai Composite Index added 0.1 per cent. Geely Automobile dropped 3.4 per cent to HK$13.16 and smartphone maker Xiaomi lost 1.6 per cent to HK$27.85. Alibaba Group Holding slipped 1.1 per cent to HK$84.30 and Hong Kong Exchanges and Clearing lost 1 per cent to HK$297.60. The one-year loan prime rate (LPR) for November...
The Nikkei Stock Average is flat at 38414.96 as gains in electronics stocks help offset losses in financial shares. Lasertec is up 0.7% while Dai-ichi Life Holdings is down 1.0%. USD/JPY is at 154.61, compared with 154.55 as of Tuesday's Tokyo stock market close. Investors are focusing on the yen's movements as well as developments for the Russia-Ukraine war. Source: marketwatch
Stocks in Asia made a muted start as traders awaited earnings from the world's most valuable company, while assessing heightened geopolitical risks. Shares edged higher in Seoul and Tokyo, and futures pointed to small declines in Hong Kong. US contracts climbed after Wall Street benchmarks closed higher, reversing earlier losses spurred by fears about an escalation in the Ukraine-Russia war. Treasuries were little changed after rising on haven demand in the previous session. The geopolitical headlines related to Ukraine created some selling pressure in US equities in...
The Nasdaq Composite gained Tuesday, driven by Nvidia shares, as investors shrugged of concerns of mounting geopolitical tensions between Ukraine and Russia. The Nasdaq popped 1.04% to finish at 18,987.47, while the S&P 500 gained 0.4% to end at 5,916.98. The Dow Jones Industrial Average dipped 120.66 points, or 0.28%, to settle at 43,268.94. One bright spot was technology stocks and Nvidia, which gained nearly 5% ahead of its closely watched earnings report Wednesday. Walmart added 3% after posting better-than-expected earnings and hiking its outlook on strong discretionary spending....
European markets slid on Tuesday, trading around a three-month low, as concerns over Russia reared their head once again.The pan-European Stoxx 600 was down 0.67% at 4:07 p.m. London time. Most sectors and all regional bourses pulled back, with bank stocks falling 1.78% and travel down 1.4%.Global markets saw a shift into safe havens as events in Russia sparked concern around the world. The Kremlin on Tuesday said it had expanded the circumstances under which it will consider nuclear retaliation. Meanwhile, its defense ministry said Ukraine had already deployed six contentious U.S.-made...