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 stocks opened mixed on Monday, with U.K. markets closed for a bank holiday, as investors awaited fresh economic data and corporate earnings reports due later in the week. Germany's DAX was last up 0.22%, while Italy's FTSE MIB traded around the flatline and France's CAC 40 fell 0.43%. Santander announced Monday that Austria's Erste Group Bank has acquired about a 49% stake in Poland-based Santander Bank Polska and 50% of Polish asset manager Santander TFI. Erste Group shares were last up about 6.2%. Data released Monday showed that Swiss inflation fell to 0% in April from the...
US stocks rose on Friday, boosted by a strong jobs report and signs of easing U.S.-China trade tensions that boosted investor confidence. The S&P 500 rose nearly 1.5%, marking its ninth straight gain and its longest winning streak in two decades. The Dow Jones Industrial Average jumped 563 points, also extending its rally to a ninth straight session, while the Nasdaq gained 1.5%. April nonfarm payrolls rose by 177,000, beating expectations and bolstering optimism about the labor market despite ongoing tariff uncertainty. Sentiment was further buoyed by Beijing's openness to fresh trade...
European stocks rose on Friday, boosted by stronger-than-expected U.S. payrolls data for April and signs that China may resume trade talks with the U.S. The Stoxx 50 jumped 1.9% and the Stoxx 600 gained 1.7%, led by a 3% rally in technology stocks. London's FTSE 100 rose more than 1%, marking its longest daily winning streak on record. Shell rose 1.9% after beating Q1 profit expectations and launching a $3.5 billion share buyback. Standard Chartered also beat estimates, boosted by gains in wealth management and global banking, while NatWest reported better-than-expected profit of £1.8...
US stocks were firmly higher on Friday after evidence of a strong labor market softened concerns of a recession this year. The S&P 500, the Dow, and the Nasdaq 100 were all above 1% higher, with the former two set to record a nine-session win streak. The US added 177 thousand jobs in April, more than expectations of 130 thousand, while the unemployment rate remained unchanged and wages grew loosely in line with expectations. The stronger momentum was also owed to China noting that it will consider starting talks with the White House on potential trade deals. Gains were broad-based...
Japan stocks were higher after the close on Friday, as gains in the Real Estate, Banking and Textile sectors led shares higher. At the close in Tokyo, the Nikkei 225 gained 0.98% to hit a new 1-month high. The best performers of the session on the Nikkei 225 were Yamato Holdings Co., Ltd. (TYO:9064), which rose 5.32% or 105.00 points to trade at 2,077.50 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) added 5.26% or 47.00 points to end at 941.00 and Otsuka Holdings Ltd (TYO:4578) was up 5.22% or 382.00 points to 7,697.00 in late trade. The worst performers of the...