The S&P 500 closed mostly flat on Friday, the Dow Jones extended its record run, rising 240 points finisheing at 46,758 after briefly surpassing 47,000 during the session, while the Nasdaq slipped 0.3% as the US government shutdown entered its third day. Pressure came from major technology names, with Palantir Technologies leading the S&P 500 lower, dropping 7.5%, while Tesla and Nvidia fell 1.4% and 0.7%, respectively. Applied Materials declined 2.7% after warning of a $600 million revenue hit tied to semiconductor export restrictions. Investors focused on the shutdown, which...
European markets provisionally closed lower on Friday, led by declines in the travel sector which was down 1.6% after the closure of Heathrow airport. The pan-European Stoxx 600 and French CAC 40 were both about 0.6% lower by 4.40 p.m. London time, while the the German DAX shed 0.5%. London's FTSE 100 was about 0.6% lower. The travel and leisure sector lost about 1.6% after London's Heathrow Airport closed on Friday following a fire at a nearby electrical substation. British Airways-owner International Airlines Group was trading around 1.9% lower. Basic resources — including stocks such...
U.S. stocks plunged on Friday, putting the S&P 500 on track to extend its slide since late February that has been fueled by trade policy turmoil, recession fears and a rollover in megacap technology stocks. The S&P 500 fell 0.4%, putting the index on track for its first five-week decline in more than two years. The Nasdaq Composite fell 0.6%. The Dow Jones Industrial Average fell 302 points, or 0.7%. Traders had been bracing for a potentially volatile session on Friday with so-called "quadruple witching" — when stock options, index futures and single-stock futures expire. Goldman...
The STOXX 50 fell 0.5%, and the STOXX 600 dropped 0.3% on Friday, extending losses from the previous session as concerns over the economic outlook continued to weigh on investor sentiment. The U.S. is set to impose retaliatory tariffs on April 2, while the European Union's retaliatory measures have been delayed until mid-April. Travel and leisure shares were among the worst performers after London's Heathrow Airport was forced to close Friday due to a power outage caused by a fire at a nearby electrical substation. Meanwhile, traders were closely watching a vote by Germany's upper house on...
The Hang Seng plunged 530 points, or 2.2%, to close at 23,690 on Friday (3/21), marking its second straight decline amid sharp declines across all sectors. The index fell 1.1% for the week, extending its decline to two weeks, as rising profit-taking in technology stocks and caution ahead of upcoming Chinese corporate earnings weighed on sentiment. Semiconductor Manufacturing dropped 7.1% to a one-month low, while Kuaishou Tech (-5.4%), Alibaba Group (-3.5%), and Tencent (-2.0%) also fell sharply. Consumer, property and financial stocks also fell, as China's newly announced "special action...
Japan stocks were lower after the close on Friday, as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.51%. The best performers of the session on the Nikkei 225 were Mercari Inc (TYO:4385), which rose 7.45% or 182.50 points to trade at 2,633.50 at the close. Meanwhile, Mitsubishi UFJ Financial Group Inc (TYO:8306) added 5.72% or 120.50 points to end at 2,226.00 and DeNA Co Ltd (TYO:2432) was up 4.08% or 137.00 points to 3,497.00 in late trade. The worst performers of the session were SUMCO Corp. (TYO:3436),...