The S&P 500 rose 0.2% and the Nasdaq gained 0.4% on Friday (July 18), extending gains after both indexes closed at record highs the previous day. Meanwhile, the Dow Jones Industrial Average hovered near the flatline, as investors remained focused on corporate earnings and market developments. Alphabet and Tesla, which are scheduled to report quarterly results next week, rose 0.7% and 1.6%, respectively. Charles Schwab shares rose 4.4% after upbeat earnings and revenue, while Chevron rose 1% after the company completed its $53 billion acquisition of Hess. Netflix shares, on the other...
European stocks had a strong start to the week, with the Stoxx 50 and Stoxx 600 both rising over 1% as investors considered the potential market impact of Donald Trump's presidency. The construction and materials sector led gains, climbing 2%, while industrial stocks increased by 1.7%. On the corporate side, Continental's shares surged 10% after posting better-than-expected profits. Defence stocks, including Sweden's SAAB, Italy's Leonardo, and the UK's Rolls-Royce, rose between 3% and 4.4%. MTU Aero Engines gained 1% after an upgrade from Goldman Sachs. The chemicals sector was up 1.3%,...
US stock futures pointed higher on Monday as investors assessed the staying power of a post-election rally and looked ahead to fresh economic data this week. By 03:20 ET (08:20 GMT), the Dow futures contract had added 82 points or 0.2%, S&P 500 futures had jumped by 15 points or 0.3%, and Nasdaq 100 futures had gained 73 points or 0.4%. The benchmark S&P 500 hit a fresh all-time peak and touched the 6,000 level for the first time on Friday, boosted by hopes that Donald Trump would roll out tax cuts and extensive deregulation during his second four-year term in the White...
The Hang Seng Index fell for the second day, dropping 1.5%, or 301.26 to 20,426.93 in Hong Kong. The index dropped to the lowest closing level since Oct. 31. Meituan contributed the most to the index decline, decreasing 3.2%. Longfor Group Holdings Ltd. had the largest drop, falling 5.1%. Today, 62 of 82 shares fell, while 14 rose; 3 of 4 sectors were lower, led by finance stocks. Source : Bloomberg
The Hang Seng Index got off to a rough start on Monday, hitting a new low for November on disappointment over stimulus measures released from China's briefing before the weekend. Hong Kong equities will of course be watching for any China-related headlines that President-elect Trump is likely to deliver. Also, this week will see earnings from the Hang Seng Index's two largest companies — Tencent topping the charts on Wednesday and Alibaba following on Friday. Tencent's previous earnings report comfortably beat estimates, which helped boost the HSI at the time. Although the gauge fell back...
UK homebuilder Vistry plunges 15% European markets closed lower on Friday, as investors digested corporate results and quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England. The pan-European Stoxx 600 ended the session 0.66% lower, with most sectors and major bourses in closing in the red. Mining stocks led the losses, shedding 4.2%, while travel and leisure stocks ticked up 0.8%. The index ended down 0.19% on the week. The losses in Europe come as market participants continue to assess political upheaval in Germany and President-elect Donald Trump's historic...