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...
Wall Street indexes opened subdued on Friday after notching record highs in the previous session, though they remained on track to log gains in a week of economic reports that solidified expectations for interest rate cuts. The Dow Jones Industrial Average fell 30.9 points, or 0.07%, at the open to 46,077.14. The S&P 500 rose 3.2 points, or 0.05%, to 6,590.66, while the Nasdaq Composite rose 35.6 points, or 0.16%, to 22,078.629. Source : Reuters
The Hang Seng Index rose 301 points, or 1.2%, to 26,387 on Friday (September 12), climbing for a sixth straight session to its highest level since August 2021. The index surged 3.8% for the week, its strongest weekly gain since March, amid record highs on Wall Street as rising US jobless claims reinforced speculation of a Fed rate cut next week, with further easing likely through the end of the year. Adding to the positive sentiment, US Treasury Secretary Scott Bessent will meet with Chinese Vice President He Lifeng in Madrid next week to continue talks on trade, economic, and security...
The STOXX 50 index edged up 0.1% to 5,390 points on Friday, its highest since late August, while the broader STOXX 600 also gained 0.1% to 555 points, as a jump in US jobless claims and a modest rise in inflation reinforced expectations of Federal Reserve rate cuts next week and beyond. Meanwhile, the ECB signaled its rate-cutting cycle is over, with President Lagarde saying the bank is in a "good place" and that growth risks are now more balanced. In corporate news, Banco Sabadell slipped 0.6% after its board unanimously rejected BBVA's €15 billion takeover offer, urging shareholders not...
The Nikkei 225 climbed 0.89% to close at 44,768 and the Topix added 0.4% to 3,160 on Friday, with Japanese stocks hitting fresh record highs in line with Wall Street's overnight gains. On Thursday, all three major US indexes closed at all-time highs as signs of a cooling labor market and subdued inflation fueled expectations for deeper Federal Reserve rate cuts. In Japan, investors continued to assess the Bank of Japan's policy path amid mixed economic signals and political uncertainty. Prime Minister Shigeru Ishiba recently announced his resignation, facing mounting pressure after last...
Hong Kong shares surged 375 points, or 1.4%, to 26,405 on Friday morning's trade, reversing losses in the prior session and hitting their highest in over four years. The rally was broad-based, tracking a global rally after Wall Street's S&P 500 notched a third record close Thursday following higher-than-expected US jobless claims that solidified bets of a Fed rate cut next week, with more easing through year-end. For the week, the Hang Seng is up about 4%, set for a second straight weekly gain, lifted by a report that Beijing may direct state banks to help local governments cover unpaid...