U.S. stocks moved higher on Monday as investors tracked the latest developments in trade and awaited the start of big tech earnings this week. The S&P 500 rose 0.4%, and the Nasdaq Composite jumped 0.7%. Both indexes had hit new all-time intraday highs during the session. The Dow Jones Industrial Average, meanwhile, ticked up by 98 points, or 0.2%. The market was bolstered by moves in major technology names. Alphabet increased more than 2%, while Apple rose almost 2%. Others like Meta Platforms advanced more than 1%. Trade was once again in focus as the White House reiterated its...
Hong Kong stocks jumped 177 points, or 0.9%, to 19,874 in early trading on Wednesday, marking their first gain in four sessions. The gains were supported by a small rise in U.S. stock futures ahead of an anticipated Fed rate cut later in the day. The market moved away from its lowest level in more than a week, hit a day earlier, with all sectors gaining, especially technology and consumer discretionary. Source: Trading Economics
Asia-Pacific markets opened mixed on Wednesday, following losses on Wall Street that sent the Dow Jones Industrial Average down for a ninth straight day. Investors in Asia were assessing trade data from Japan ahead of the Bank of Japan's interest rate decision later this week. The country's exports grew 3.8% in November year-on-year, beating economists polled by Reuters' forecasts for a 2.8% increase. Imports, meanwhile, fell 3.8%, well below expectations for a 1% expansion. The figures put Japan's trade balance in deficit at 117.6 billion yen ($765.2 million), higher than expectations...
Japan's Nikkei 225 Index fell for a fourth day on Wednesday as investors remained cautious ahead of monetary policy decisions by the Federal Reserve and Bank of Japan. A decline in U.S. semiconductor stocks also dragged on the market. The Nikkei index was down 0.2 percent at 39,275.88 as of 9:07 a.m. in Tokyo The Topix index was little changed at 2,726.90 Of the 2,126 stocks in the index, 819 rose and 1,132 fell, while 175 were unchanged If the market starts to reduce expectations for a Fed rate cut next year, it's hard to predict how U.S. stocks will react, weighing on Japanese...
US stock index futures fell, causing a rally in leading technology stocks to pause, as investors await a raft of economic data and the Federal Reserve's interest rate decision. Futures on the S&P 500 were down 0.3% at 5:42 a.m. in New York, while tech-heavy Nasdaq 100 futures were little changed after the index posted back-to-back records. CNH Industrial shares edged up in premarket trading after the machine-tool company was upgraded to overweight from equal-weight at Morgan Stanley, which forecast that 2025 will provide clarity on the major equipment cycle. The US stock rally...
The Hang Seng lost 95 points or 0.5% to finish at 19,700 on Tuesday, down for the third session amid a steep decline in US futures following a record close on Wall Street Nasdaq, ahead of an anticipated interest rate reduction from the Fed Wednesday. The index hits its lowest level in over a week, weighed by the third straight session of losses in Chinese markets and vigilance before the PBoC's monthly review of key lending rates later this week, after record low levels in November. Further declines were limited by a report from Reuters that China plans a record top budget deficit of 4% in...