US stocks rallied on Monday (July 21), with the S&P 500 and Nasdaq hitting new record highs as a strong start to the earnings season overshadowed concerns about impending tariffs. The Dow Jones Industrial Average rose more than 200 points, driven by solid gains in leading tech stocks like MetaTrader, Amazon, and Alphabet. So far, more than 85% of S&P 500 companies that have reported earnings have beaten expectations, fueling optimism despite rising market valuations. Verizon shares jumped more than 4% after its earnings beat expectations, while Block's surged more than 8% after news...
Stocks rose on Monday, recovering from last week's losses as chipmakers surged. The Dow Jones Industrial Average traded 79 points higher, or 0.2%. The S&P 500 gained 0.8%, and the Nasdaq Composite gained 1.3%. Chip stocks led the gains after Foxconn reported record fourth-quarter revenue. Nvidia and Broadcom rose more than 3.2% and 2.9%, respectively, while Micron Technology gained 9%. Market sentiment was also helped Monday by a Washington Post report that said President-elect Donald Trump's tariff plan would be narrower than anticipated. The report said the levies would only cover...
European markets opened higher on Monday, looking to recover from a tumultuous start to the year for stocks. The regional Stoxx 600 index rose 0.3% in early trade, while sector gains were led by technology and autos, up 1.4% and 1.3%, respectively. Finnish fuel producer Neste led the gains, rising nearly 5%, continuing its positive momentum after last week announcing its largest contract to supply sustainable aviation fuel. Source: CNBC
The Hang Seng fell 72 points, or 0.4%, to close at 19,688 on Monday after trading slightly higher in the morning, dragged down by losses across sectors. Sentiment turned sour as China's markets slumped to a near three-month low, down for a fourth session amid growing concerns over a sluggish recovery and trade risks as Trump returns to the White House. Limiting losses was a private sector survey that showed China's services activity rose the most in seven months in December, even as overseas orders fell and cost pressures increased. Meanwhile, the Shanghai and Shenzhen bourses met with...
Japanese stocks fell after the close on Monday, as losses in the Shipbuilding, Precision Instruments and Communications sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 1.65%. The best performers of the session on the Nikkei 225 were Ebara Corp. (TYO:6361), which rose 5.71% or 140.50 points to trade at 2,601.00 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:5801) gained 5.40% or 361.00 points to close at 7,046.00 and Suzuki Motor Corp. (TYO:7269) gained 5.17% or 92.50 points to 1,882.50 in late trade. The worst performers on the session were DeNA Co Ltd...
Asia-Pacific markets were mixed on Monday as investors assessed business activity figures from several key economies in the region. China's Caixin services purchasing managers' index from S&P Global rose to 52.2 in December, which marked the service sector's fastest expansion since May 2024. China's central bank said over the weekend it would implement a "moderately loose" monetary policy in 2025 as it seeks to boost growth. Separately, Hong Kong's PMI declined in December compared to the month before. December PMI figures for India will also be released Monday.Hong Kong's Hang Seng...