US stocks closed mixed on Tuesday (July 22nd), as the S&P 500 hit a new record, rising nearly 0.1%, the Dow Jones Industrial Average rose 170 points, and the Nasdaq 100 fell 0.5% ahead of key earnings reports from Alphabet and Tesla. Chip stocks weighed on the Nasdaq, with Nvidia down 2.4% and Broadcom down 3.3% following reports that SoftBank and OpenAI's massive AI project was stalled. Shares of Lockheed Martin (-10.8%) and Philip Morris (-8.2%) fell sharply after disappointing results. General Motors (-8%) also warned of a deeper impact on profits related to tariffs after a 32%...
The Stoxx 600 rose 0.2%, with tech stocks leading gains after a strong performance by US peers on Monday. London's FTSE 100 and France's CAC 40 also closed in positive territory. Novo Nordisk surged 5.7%, recovering from last week's slump following disappointing trial results for its CagriSema weight-loss drug. AstraZeneca withdrew its EU application for a lung cancer treatment after feedback from regulators, with shares closing up 0.1%. Mining stocks boosted the Stoxx 600, led by Anglo American, up 2%, despite facing $17 billion in potential fines in Chile over alleged environmental...
The Stoxx Europe 600 Index edged up 0.2%, with major markets such as Germany closed and others, including London and Paris, set to close early. France's CAC 40 outperformed as Prime Minister François Bayrou vowed to cut the country's budget deficit to nearly 5%. Technology stocks led gains, supported by a strong session for U.S. tech stocks on Monday. Pharmaceutical giant Novo Nordisk also boosted the index, jumping 5.7% after recovering from last week's selloff linked to disappointing trial results for its weight-loss drug, CagriSema. Despite the gains, European stocks underperformed the...
The Hang Seng jumped 215 points, or 1.1%, to close at 20,098 on Tuesday, rising for a second session and hitting its highest in more than a week amid solid gains across sectors. Investors flocked to riskier assets after China reportedly planned to sell a record CNY3 trillion worth of special government bonds in 2025 to boost its economy. The funds raised from the bonds will be used for consumption subsidies, upgrading business equipment and investing in key technologies and advanced manufacturing. Positive reports from Wall Street on Monday also boosted sentiment, along with reports that...
The Nikkei 225 dipped 257 points or 0.7% to 39,052 around noon on Tuesday, reversing from a surge in the prior session. The decline reflected weakness in tech services, communications, and consumer services. Traders digested a media report that the Committee on Foreign Investment in the US has told the White House it is unable to reach a consensus on national security risks involved in Nippon Steel's bid for US Steel. Meanwhile, the Japan Fair Trade Commission is set to punish Google for unfair practices. The IT company can be fined up to JPY 300 million, local media said. Limiting...
Hong Kong stocks surged 259 points, or 1.3%, to 20,143 during Tuesday morning trade, marking a second straight session of gains. The gains followed a rally in U.S. tech stocks that boosted Wall Street overnight. The Hang Seng hit its highest level in more than a week, with gains across all sectors as mainland markets reversed losses from the previous session. Investors eagerly increased their positions following reports that U.S. President-elect Trump said in a speech that he opposed the idea of popular social media app TikTok leaving the U.S. market. Further gains were capped by a...