The S&P 500 edged up 0.1% and the Nasdaq 0.3% on Wednesday (July 30), while the Dow Jones Industrial Average hovered near the flatline, as investors awaited the Fed's policy decision and assessed key economic data. The Fed is expected to keep its benchmark interest rate unchanged, with the market closely monitoring its outlook for the remainder of the year, especially after preliminary data showed US GDP grew stronger than expected by 3% in Q2, reinforcing signs of a resilient economy. Furthermore, ADP data showed the US private sector added 104,000 jobs in July, significantly higher...
Hong Kong shares rose 142 points, or 0.6%, to 22,645 in early trade on Tuesday, marking a fourth straight session of gains as markets reopened after a holiday. Broad sector gains—particularly in financials, property and consumer staples—pushed the index to a one-month high. Sentiment was further boosted by flash data showing the city's economy expanded 3.1% year-on-year in the first quarter of 2025, the strongest pace in five quarters, driven by robust tourism and exports ahead of U.S. President Trump's planned tariff hikes. In China, stock markets also resumed activity amid signs Beijing is...
US stocks closed lower Monday, unable to shake losses as investors weighed strong economic data against trade tensions and the upcoming Fed meeting. The S&P 500 and Nasdaq slipped 0.6% and 0.7% respectively, with the former snapping nine-day win streaks, while the Dow lost 98 points. Markets reacted to President Trump threatened new tariffs, including a 100% levy on foreign films, but sentiment improved following stronger-than-expected ISM services data. Still, uncertainty persisted after Trump said he has no plans to speak with China's President Xi, keeping investors cautious. Energy...
The S&P 500 moved lower to start the week as investors monitored the latest developments on global trade, including another surprise set of tariffs from President Donald Trump. The broad-market index shed 0.2%, while the Nasdaq Composite dipped about 0.3%. The Dow Jones Industrial Average gained 115 points, or nearly 0.3%, meanwhile. The major indexes cut losses after data Monday from the Institute for Supply Management reflected stronger-than-expected service sector activity in April, even as company executives reported rising concern about tariffs. At its lows, the Dow fell as much...
The Dow Jones Industrial Average (DJIA) rose another 100 points on Monday, extending the ongoing equity recovery even as investor sentiment continues to churn in the face of constantly changing trade policies from the US administration. The Federal Reserve (Fed) is poised to deliver another rate call this week, and Fed policymakers are broadly expected to maintain their wait-and-see approach. Rate markets have fully priced in another hold on rates this Wednesday. Trade policy inconsistency remains the single large cloud hanging over equity markets, keeping bullish momentum tepid overall. US...
A historic stock market rally stalled as President Donald Trump's latest tariff warnings did little to bolster sentiment as investors braced for the economic and corporate earnings effects of his trade war. Even data showing a pickup in U.S. service provider growth failed to lift sentiment, with the S&P 500 snapping its longest winning streak in about 20 years. While Trump hinted some sort of trade deal could be reached this week, he signaled no immediate deal with China. As the president expanded his restrictions on U.S. imports to entertainment, shares of companies such as Netflix...