The S&P 500 rose 0.4% on Friday (July 25), notching its fifth consecutive record close—its longest streak in more than a year—while the Nasdaq 100 gained 0.2% after hitting an intraday high. The Dow Jones Industrial Average gained 208 points as investors digested a wave of trade developments and corporate earnings. Optimism surrounding trade talks contributed to the rally, with President Trump scheduled to meet with European Commission President Ursula von der Leyen on Sunday amid hopes of a US-EU deal. Deals were also reached with Japan, Indonesia, and the Philippines ahead of the...
The S&P 500 posted a slim gain on Tuesday as investors built on the previous session's gains, which were largely sparked by hopes of U.S. tariffs being narrower in scope. The broad market index added 0.16% to close at 5,776.65, while the Nasdaq Composite gained 0.46% and ended at 18,271.86. The Dow Jones Industrial Average crept higher by 4.18 points, or 0.01%, to settle at 42,587.50. Investors largely looked past the March consumer confidence data released Tuesday, which reflected a significant drop in U.S. consumers' near-term outlook on income, business, and job conditions. The...
European markets closed higher on Tuesday as investors continued to assess the scope and breadth of U.S. President Donald Trump's trade tariffs. The pan-European Stoxx 600 index closed 0.67% higher, with most sectors and all major bourses in positive territory.Germany's DAX led regional gains, up 1.13%, after a survey showed improved business sentiment in the conuntry. German biotech firm Bayer rose more than 5%, recovering from a 7% loss in the previous session after announcing over the weekend that it had been ordered by a U.S. court to pay $2.1 billion in damages relating to its Roundup...
U.S. stocks edged higher on Tuesday, with the S&P 500 and Nasdaq up 0.1% to fresh two-week highs, and the Dow adding 70 points, fueled by hopes that the Trump administration might soften some of its proposed tariff plans. President Trump announced that not all threatened tariffs would take effect on April 2nd, with some countries possibly receiving exemptions, though new levies on autos, pharmaceuticals, and a 25% tariff on crude from Venezuela were signaled. Meanwhile, Fed Governor Kugler acknowledged that monetary policy remains restrictive but noted that progress toward the 2%...
The STOXX 50 rose 0.5%, while the STOXX 600 gained 0.4% on Tuesday, rebounding from a subdued session the day before, as traders closely monitored US trade policy developments. President Donald Trump stated that not all of the proposed tariffs set for April 2 would be implemented and that some countries might receive exemptions. However, he also signaled plans to impose new tariffs on autos and pharmaceuticals soon. Meanwhile, investors await the release of Germany's Ifo Business Climate indicator later today for further insights into economic sentiment. On the corporate front, banks and...
The Hang Seng slumped 561 points or 2.4% to end at an almost 2-week low of 23,344 on Tuesday, reversing gains from a day earlier amid broad-based losses. Traders booked profits ahead of quarter-end, as earnings reports and Beijing's latest stimulus had largely been priced in. The tech index tumbled 3.8%, with Xiaomi sinking 6.1% after planning to raise up to $5.27 billion through a share sale. Alibaba fell almost 4% after warning of rising data center costs, while Sunny Optical plunged 9.9% on concerns over a capacity glut. Consumer and financial stocks also declined, bucking a broader...