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%...
European equity markets were poised for a lower open on Wednesday as investors prepared for key US inflation data that could influence the Federal Reserve's next policy move. Market participants also continued to assess the potential impact of US President-elect Donald Trump's policies on European economies and financial markets. Traders will focus on earnings reports from several major European companies, including ABN Amro, Allianz, Siemens Energy, SSE, and RWE, while no major economic data is scheduled for release. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were down...
The Nikkei 225 Index fell 0.7% to around 39,100 while the broader Topix Index lost 0.3% to 2,733 on Wednesday, tracking losses on Wall Street overnight as the market took a breather from the postelection rally. Domestically, data showed that Japan's producer prices rose at the fastest pace in 14 months in October, highlighting ongoing inflationary pressures. Investors also continued to evaluate the impact of Japan's 10 trillion yen stimulus plan for AI chipmakers which aims to strengthen critical supply chains amid ongoing US-China trade tensions. Technology stocks led the declines, with...
The Nikkei 225 index fell 0.7% to around 39,100 while the broader Topix index fell 0.3% to 2,733 on Wednesday, tracking losses on Wall Street overnight as markets took a breather from a post-election rally. Domestically, data showed that Japanese producer prices rose at the fastest pace in 14 months in October, highlighting ongoing inflationary pressures. Investors also continued to assess the impact of Japan's 10 trillion yen stimulus plan for AI chipmakers aimed at strengthening critical supply chains amid ongoing U.S.-China trade tensions. Technology stocks led the declines, with...
Asia-Pacific stock markets opened lower on Wednesday, tracking declines on Wall Street as the post-election rally in the U.S. stalled overnight. Asian traders were assessing corporate goods data from Japan, which showed year-on-year growth in producer prices, or wholesale inflation, in October hit its highest since July last year at 3.4%. That was higher than the 3% growth expected by economists polled by Reuters, and a 2.8% increase in September. Japan's Nikkei 225 was trading down 0.5% at the open, while the Topix was down 0.3%. South Korea's Kospi was down 1.1%, while the Kosdaq...
U.S. stocks finished lower on Tuesday as Wall Street took a breather from a postelection rally that propelled the major stock indexes to all-time highs. The Dow Jones Industrial Average lost 0.9%, ending near 43,910, according to preliminary data from FactSet. It was the worst day for the blue-chip index since Oct. 31, according to Dow Jones Market Data. The S&P 500 was off 0.3%, to finish around 5,984. The large-cap benchmark index snapped a five-session winning streak. The Nasdaq Composite dropped less than 0.1%, leaving it nearly flat at 19,281. Stocks viewed as beneficiaries of...