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...
The Nikkei 225 Index rallied 1.4% to above 38,200 while the broader Topix Index gained 1.1% to 2,800 on Thursday, extending this week's rally after a US federal court blocked President Donald Trump's global tariff measures. The US Court of International Trade ruled that Trump had exceeded his authority in imposing reciprocal tariffs and ordered the measures to be vacated and permanently enjoined. The Trump administration is expected to appeal the decision. On the domestic front, Bank of Japan Governor Kazuo Ueda signaled growing concern over rising super-long-term bond yields, stressing...
U.S. stocks closed lower on Wednesday as investors weighed earnings, Fed minutes and trade tensions ahead of Nvidia's results. The S&P 500 and Nasdaq each fell 0.5%, and the Dow dropped 224 points. Nvidia shares rose 1% ahead of earnings, which are seen as a key test of AI-driven market optimism. The Fed minutes reflected a cautious stance, warning of "difficult compromises" amid economic uncertainty. Trade concerns resurfaced after the Trump administration asked U.S. companies to halt some semiconductor software sales to China, putting pressure on Cadence and Synopsys. Okta fell more...
It's been a broadly negative day for European equities, with the regional Stoxx 600 index closing 0.6% lower as Germany's DAX slipped 0.78% from Tuesday's record high close. There have been few stand-out performers, though defense firms including Renk, Hensoldt and Saab all moved higher as investors continue to eye tailwinds behind the sector. Automaker Stellantis closed 2.2% lower after the owner of Jeep, Dodge, Fiat, Citroen and more named North American chief operating officer Antonio Filosa as its new chief executive. The announcement ends months of uncertainty at a challenging time...
Wall Street trading was fairly muted in the run-up to the highly anticipated earnings from Nvidia Corp. — the last of the "Magnificent Seven" megacaps to report. Just hours ahead of results from the world's most-valuable chipmaker, the S&P 500 fluctuated. Nvidia, which has surged more than 40% from its April low, barely budged. The options market implies a post-results move of about 6% in either direction, lagging the average swing over the past two years. "Wednesday's Nvidia earnings report is pivotal not just for Nvidia but for the entire stock...
The Hang Seng fell 124 points or 0.5% to finish at 23,258 on Wednesday, swinging from modest gains in the previous session as broad-based losses across financials, consumer, and tech sectors weighed on the market. Sentiment turned sour amid rising concerns that China-U.S. trade tensions could escalate once the current three-month pause ends in July. Risk appetite was further dampened by an intensifying price war in China's auto sector after BYD Co. announced new discounts on over a dozen models. Adding to the cautious mood, investors braced for China's official PMI data in the coming days,...