The S&P 500 rose 0.3% to a fresh record high on Thursday, while the Nasdaq gained 0.6% and the Dow Jones hovered near the flatline. Investors kept a cautious eye on the ongoing US government shutdown, though markets largely shrugged off concerns, awaiting further developments and hoping the stalemate proves short-lived. Technology led sector gains after OpenAI raised $6.6 billion in a share sale valuing the company at $500 billion and announced an agreement with South Korean chipmakers. Industrials, energy and consumer discretionary stocks also advanced, while real estate lagged. Among...
The Hang Seng Index rose for a third day, rising 0.2%, or 49.15, to 20,147.44 in Hong Kong. Xiaomi Corp. was the biggest contributor to the index's gain, rising 5.3%. Lenovo Group Ltd. was the biggest gainer, rising 7.8%. In midday trading, 37 of 83 stocks rose, while 41 fell; two of four sectors rose, led by trade and industrial stocks. Source: Bloomberg
Japanese shares rose, led by gains in autos and electronics shares, as a weaker yen boosted earnings growth hopes. Toyota Motor rose 1.0% and Renesas Electronics gained 2.0%. USD/JPY was at 157.85, compared with 157.36 at the close of trading on the Tokyo Stock Exchange on Thursday. Investors were watching for any comments on the yen's recent depreciation from Japanese government officials. The Nikkei Stock Average was up 0.5% at 39,753.32. Source: Bloomberg
The Dow Jones Industrial Average erased earlier losses and squeezed out a small gain in thin trading Thursday after the market's strong back-to-back gains at the start of the holiday week. The blue-chip Dow closed the day 28.77 points, or 0.07%, higher to 43,325.80 after losing about 182 points earlier in the session. The S&P 500 dipped just 2.45 points, or 0.04%, to 6,037.59. The Nasdaq Composite also ended the day slightly lower, declining less than 0.1% to 20,020.36. The market was closed on Wednesday for Christmas Day. Thursday's action came after a solid Christmas Eve for the...
The Dow Jones Industrial Average fell 135 points, down for the first time in five sessions. The S&P 500 dipped 0.3% and the Nasdaq Composite also declined 0.3%. The market was closed on Wednesday for Christmas Day. The major averages could see their first down day this week after back-to-back gains. So far, the S&P 500 is up 1.6% this week, while the Dow has gained 0.8%. The strong rally in megacap tech lifted the Nasdaq up 2.1% week to date. Investors were enthusiastic about the so-called Santa Claus rally, which occurs in the last five trading days of the year and the first two...
Japanese stocks rose after the close on Thursday, as gains in the Shipbuilding, Automobiles & Parts and Chemicals, Oil & Plastics sectors helped stocks rise. At the close in Tokyo, the Nikkei 225 was up 1.39%. The best performers on the Nikkei 225 were J.Front Retailing Co., Ltd. (TYO:3086), which rose 8.27% or 165.00 points to trade at 2,159.00 at the close. Meanwhile, Isetan Mitsukoshi Holdings Ltd. (TYO:3099) gained 7.60% or 191.50 points to close at 2,711.50 and Nissan Motor Co., Ltd. (TYO:3099) gained 1.00% or 191.50 points to close at 2,711.50. (TYO:3099) rose 1.30% or 191.50...