Stocks rose on Monday as Wall Street tried to regain its footing after a week in which the artificial intelligence trade lost some steam. The Dow Jones Industrial Average traded 70 points higher, or 0.2%. The S&P 500 climbed 0.4%, and the Nasdaq Composite advanced 0.6%. AI-related stock Nvidia rose after skepticism around the AI trade put pressure on the broader stock market last week. Some traders even questioned whether there was enough energy to power an infrastructure plan between Nvidia and OpenAI. Nvidia was last up more than 2%. Meanwhile, shares of Electronic Arts jumped more...
Asian stocks are poised for a sluggish start following a tepid Wall Street session, as investors held back ahead of Wednesday's Federal Reserve interest-rate decision. Equity-index futures signaled modest losses in Sydney and Tokyo, though Hong Kong looked set to open higher, after the S&P 500 slipped 0.1% and the Nasdaq 100 ended a nine-day winning streak. Gold briefly topped $3,700 an ounce, buoyed by a softer US dollar that fell to its weakest level in more than 10 weeks. Attention in Asia will also be on a 20-year government bond...
Japanese stocks are lower as the yen strengthened against the dollar overnight due to expectations for a Fed rate cut later Wednesday. Financial stocks are leading declines after U.S. Treasury yields dropped overnight. Japan Post Bank is down 2.1% and Dai-ichi Life Holdings is 2.7% lower. USD/JPY is at 146.27, down from 146.87 as of Tuesday's Tokyo stock market close. Investors are focusing on any developments related to the leadership election for the ruling Liberal Democratic Party of Japan. The Nikkei Stock Average is down 0.6% at 44618.33. Source: Bloomberg
US stocks edged lower on Tuesday (September 16th) as investors took profits ahead of the Federal Reserve's highly anticipated September policy meeting. The S&P 500 fell 0.1%, the Dow Jones Industrial Average fell 125 points, and the Nasdaq Composite closed slightly below the flatline. Leading technology stocks including Nvidia, Microsoft, Alphabet, and Palantir declined, while financial and utility stocks also weighed on the overall market. Traders widely expect the Fed to cut interest rates by 25 basis points on Wednesday, marking its first rate cut since December, with the market...
European stocks closed sharply lower on Tuesday, pressured by aggressive losses in the financial sector as markets continued to assess the global interest rate outlook. The STOXX 50 fell 1.3% to 5,372, and the pan-European STOXX 600 fell 1.2% to 551. Traders were cautious ahead of this week's key monetary policy decisions from the Fed and the Bank of England, as well as Sino-US trade talks, while US President Trump began his visit to the UK today. Data-wise, the ZEW Economic Sentiment Index for Germany surprisingly showed an uptick, while UK employment data continued to indicate a slowdown...
The S&P 500 and the Nasdaq each gained 0.1% on Tuesday, setting fresh record highs after closing at all-time peaks in the previous session. The Dow Jones, however, hovered near the flatline. Investors stayed focused on the FOMC meeting, which begins today, with the Fed widely expected to deliver a 25bps rate cut tomorrow. On the data front, both retail sales and industrial production surprised to the upside, while export and import prices also exceeded forecasts. Still, the figures did little to alter market expectations for Fed policy. By sector, energy outperformed, while utilities and...