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 edged higher Thursday, with investors showing a degree of confidence even after U.S. President Donald Trump's latest salvo of trade tariffs. At 03:05 ET (07:05 GMT), the DAX index in Germany gained 0.4%, the CAC 40 in France climbed 0.4% and the FTSE 100 in the U.K. rose 0.8%. New U.S. tariff ratesOn Wednesday, U.S. President Donald Trump sent letters dictating new U.S. tariff rates on at least seven more countries' imports, adding to the letters sent to 14 other countries earlier this week. He also announced a 50% tariff on Brazil after a spat with his Brazilian...
Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.37%. The best performers of the session on the Nikkei 225 were Rakuten Inc (TYO:4755), which rose 3.23% or 25.30 points to trade at 808.50 at the close. Meanwhile, Hoya Cor (TYO:7741) added 3.22% or 555.00 points to end at 17,780.00 and Resonac Holdings Corp (TYO:4004) was up 2.46% or 84.00 points to 3,498.00 in late trade. The worst performers of the session were Nikon Corp. (TYO:7731), which fell...
The Hang Seng Index started the day with a 26-point or 0.11% decline, settling at 23,865 points. Meanwhile, the H-share index dropped by 8 points or 0.09%, reaching 8,588 points, and the technology index saw a 13-point or 0.26% decrease, standing at 5,218 points. In the realm of tech stocks, Tencent remained stable; Alibaba experienced a 0.8% decline; Meituan saw a 1% drop; Xiaomi Group rose by 0.1%; and Kuaishou dropped by 0.3%. The fluctuations in the financial sector were mixed, with HSBC Holdings rising by 0.1%; AIA Insurance declining by 0.1%; Ping An of China remaining unchanged; and...
The Nikkei 225 Index fell 0.4% to below 39,700 while the broader Topix Index dropped 0.6% to 2,810 on Thursday, erasing gains from the previous session as stalled trade negotiations between the US and Japan weighed on sentiment. US President Donald Trump recently announced a 25% tariff on Japanese goods, set to take effect on August 1, while ruling out any deadline extensions. Japanese Prime Minister Shigeru Ishiba called the move "truly regrettable," though he reaffirmed Japan's willingness to continue dialogue in pursuit of a mutually beneficial agreement. According to a think tank, the...
Asia-Pacific markets open mixed on Thursday after U.S. President Donald Trump announced that the U.S. will slap a 50% tariff on Brazilian imports beginning August 1. In a letter, Trump said the new tariff — a sharp increase from the 10% rate set in April — is also meant to address what he called a "very unfair trade relationship" between the U.S. and Brazil. The steep rise is also partly in retaliation for the ongoing prosecution of the country's former president, Jair Bolsonaro, Trump added. Opening calls from sunny Singapore Good morning from Singapore! Asia-Pacific markets are set to...