US Stocks plunged on Friday, as investors reacted to a weak July jobs report and a fresh round of tariffs announced by President Trump. The S&P 500 and Nasdaq fell 1.6% and 2.2%, their steepest drops since April, while the Dow lost 542 points. Payrolls rose by just 73,000 in July, far below expectations, with sharp downward revisions to prior months signaling deeper labor market weakness. Treasury yields fell and the odds of a September Fed rate cut rose above 80%. Sentiment worsened after new tariffs of 10% to 41% were imposed on imports from key partners including Canada, India, and...
European stock markets fell broadly on Thursday after U.S. President Donald Trump on Wednesday again threatened to impose 25% tariffs on imports from the European Union. The Stoxx 600 provisionally closed 0.51% lower, paring earlier losses, as car prices plunged 4%. The highly globalized sector was rocked earlier this month by expectations of escalating U.S. trade tensions with the rest of the world. Data earlier this week showing a 2.6% year-on-year decline in passenger car sales further dampened sentiment around the industry. Meanwhile, Ferrari shares plunged almost 8% after Exor, the...
U.S. stocks hovered around both sides of the flatline on Thursday as traders assessed quarterly earnings from artificial intelligence-darling Nvidia (NASDAQ:NVDA) and fresh tariff remarks from President Donald Trump By 10:04 ET (15:04 GMT), the Dow Jones Industrial Average had added 81 points or 0.2%, the benchmark S&P 500 had erased earlier gains to trade down by 24 points or 0.4%, and the tech-heavy Nasdaq Composite had shed 201 points or 1.0%. Stocks in Asia provided a broadly weaker handover, with tech shares in particular receiving limited direction from Nvidia's results. In...
The Hang Seng fell 70 points, or 0.3%, to close at 23,718 on Thursday, retreating from a rally in the previous session as declines in the technology and consumer staples weighed on sentiment. The index fell from its highest level in more than three years, with the AI-driven tech boom, driven by startup DeepSeek, taking a breather after Nvidia's earnings. Geopolitical concerns also weighed on the market after China launched military drills near Taiwan. Meanwhile, investors awaited official February PMI data from the mainland, with expectations that the Lunar New Year holiday may have slowed...
Japan stocks were higher after the close on Thursday, as gains in the Marine Transport, Trading and Pharmaceutical Industry sectors led shares higher At the close in Tokyo, the Nikkei 225 added 0.30%. The best performers of the session on the Nikkei 225 were Sompo Holdings Inc (TYO:8630), which rose 5.00% or 215.00 points to trade at 4,519.00 at the close. Meanwhile, Fujikura Ltd. (TYO:5803) added 4.81% or 304.00 points to end at 6,625.00 and Itochu Corp. (TYO:8001) was up 4.34% or 282.00 points to 6,774.00 in late trade. The worst performers of the session were Seven & i Holdings...
Hang Seng Index opened down by four points, or 0.01%, settling at 23,783 points. In contrast, the National Enterprises Index rose by three points, or 0.03%, to reach 8,795 points, while the Technology Index gained ten points, or 0.16%, reaching 5,963 points.In the technology sector, stocks exhibited mixed results. Tencent and Alibaba each advanced by 0.4%, while Meituan and Xiaomi Group both increased by 0.5%. However, JD.com and Kuaishou faced declines, falling by 0.8% and 0.3%, respectively. Financial stocks remained stable, with HSBC Holdings and AIA both rising by 0.3%, and Ping An...