The Dow Jones Industrial Average (DJIA) tested all-new record highs early Monday, clipping into the high side in early trading before the weight of the upcoming week pushed investors back into familiar territory. A handful of Magnificent Seven (Mag7) companies will be posting their latest quarterly earnings this week, adding further high-impact events to an already burgeoning data docket. Dow Jones price forecastThe Dow Jones clipped a record high in intraday trading on Monday, tapping 45,130 for the first time ever before slumping back into last week's congestion. The DJIA is now battling...
Markets and data show the U.S. economy is slowing. Stocks in Japan, Australia and South Korea fell at the open on Friday. Equity futures for the S&P 500 Index pared most of their early gains after an appeals court allowed tariffs to remain in place for now. The dollar was steady in early trading after a gauge of currency strength fell 0.4%. The yen gained against the dollar after inflation in Tokyo rose by the most in two years. A federal appeals court offered Trump a temporary reprieve from a ruling that threatened to throw out much of his tariff agenda. Adding to concerns, the U.S....
Japanese stocks fell as uncertainty over U.S. tariffs persisted. The prospect of continued Bank of Japan interest rate hikes also weighed on the market following stronger-than-expected inflation data for Tokyo in May. Chip and tech shares led the decline. Renesas Electronics fell 4.7% and SoftBank Group dropped 4.1%. USD/JPY was at 143.83, down sharply from 145.68 at the close of the Tokyo stock market on Thursday. Investors were focused on any developments related to tariffs and BOJ policymaking. The Nikkei Stock Average was down 1.6% at 37,809.74. Source: Bloomberg
US stocks edged higher on Thursday amid a mix of earnings optimism and tariff uncertainty. The S&P 500 and Nasdaq each rose 0.4%, while the Dow gained 117 points, supported by Nvidia's strong report and upbeat corporate news such as Boeing's production plans. Nvidia shares rose 3.2% after beating quarterly sales estimates, boosted by demand for AI chips despite warnings that U.S. export curbs on China could shave $8 billion off next quarter's sales. However, market gains were capped by the ongoing legal battle over President Donald Trump's tariffs. A federal court initially blocked...
European stocks erased early gains on Thursday, with the STOXX 50 closing flat at 5,377 and the STOXX 600 down slightly to 548, each up more than 1% during the session. Initial optimism following a ruling by the U.S. Court of International Trade, which found that President Donald Trump had exceeded his authority in imposing reciprocal tariffs and ordered the government to stop collecting them, faded as investors weighed the possibility that the administration would pursue alternative legal avenues to defend its trade policies. Attention also turned back to the U.S. economic outlook amid...
Stocks advanced on Thursday after a federal court knocked down President Donald Trump's "reciprocal" tariffs and as Nvidia shares staged a post-earnings rally. The S&P 500 climbed 0.5%, while the Nasdaq Composite advanced 0.9%. The Dow Jones Industrial Average gained 78 points, or 0.2%, weighed down by a slide of more than 5% in Salesforce following earnings. The U.S. Court of International Trade ruled on Wednesday night that Trump overstepped his authority when he imposed his "reciprocal" tariffs. The court ordered that the challenged tariff orders be vacated. Trump's changing...