US stocks maintained modest gains on Tuesday (July 29) as the market digested a series of earnings reports ahead of key economic developments. The S&P 500 rose 0.3% to 6,400 and the Nasdaq 100 gained 0.5% to break through 23,400, both reaching record highs, while the Dow Jones Industrial Average hovered near the flatline. Union Pacific jumped 2% after agreeing to acquire Norfolk Southern in the largest railroad deal in the US. Meanwhile, tech giants mostly gained ahead of earnings results from the world's largest companies by market capitalization this week, including Microsoft,...
The Nikkei 225 fell 0.4% to below 34,200 while the broader Topix Index lost 0.2% to 2,523 on Tuesday, extending losses from the previous session and taking cues from a weak lead on Wall Street as political pressure on the Federal Reserve weighed on sentiment. Investor concerns grew after President Donald Trump intensified criticism of Fed Chair Jerome Powell, raising fears over the central bank's independence. The lack of progress on global trade talks also weighed on market sentiment. Moreover, a strengthening yen, which surged to a seven-month high on Monday, put downward pressure on...
Asia-Pacific markets were subdued Tuesday, tracking Wall Street's sell-off after U.S. President Donald Trump doubled down on his pressure campaign on Federal Reserve Chairman Jerome Powell.Japan's Nikkei 225 as well as the Topix were trading flat. South Korea's Kospi added 0.19% and the small-cap Kosdaq inched 0.16% higher.Australia's S&P/ASX 200 lost 0.63%.Hong Kong's Hang Seng Index lost 0.25%. Mainland China's CSI 300 slipped 0.17% at the open.U.S. stock futures were nearly flat. Futures tied to the Dow Jones Industrial Average lost 18 points. Both the S&P 500 futures and Nasdaq...
US stock futures were steady on Tuesday after a sharp selloff in the prior session, driven by renewed concerns over the Federal Reserve's independence. On Monday, the Dow fell 0.48%, the S&P 500 dropped 2.36%, and the Nasdaq tumbled 2.55%, with all 11 S&P sectors ending lower—led by consumer discretionary, technology, and energy. Heavy losses hit megacap tech stocks, including Nvidia (-4.5%), Tesla (-5.8%), and Amazon (-3.1%). The decline followed criticism of Fed Chair Jerome Powell by President Donald Trump, who called him "Mr. Too Late, a major loser," and demanded immediate rate...
US stocks closed sharply lower on Monday (4/21) after President Trump stepped up his criticism of Fed Chairman Jerome Powell, raising concerns about the central bank's independence and shaking investor confidence. The selloff was swift and widespread, with the S&P 500 and Nasdaq down 2.4% and 2.5%, respectively. The Dow dropped 971 points, while tech giants led the decline—Tesla dropped 6%, Nvidia dropped 4.5% and Amazon dropped 3.1%. All 11 sectors ended in the red, with tech, consumer staples and energy stocks the hardest hit. In a Truth Social post, Trump called Powell "Mr. Too Late,...
Stocks fell again on Monday following yet another negative trading week for Wall Street, as investors receive little signs of progress on global trade talks. The Dow Jones Industrial Average traded 366 points lower, or 0.9%. The S&P 500 shed 1.1%, and the Nasdaq Composite lost 1.4%. The moves come after each of the three major averages logged a third weekly decline in the last four trading weeks. While the S&P 500 closed out Thursday's session higher, the broad market index still finished the holiday-shortened week 1.5% lower. The Dow Jones Industrial Average and Nasdaq Composite...