The S&P 500 fell on Tuesday, a day after the broad market index and Nasdaq Composite hit fresh records, as traders weighed the latest earnings reports and new trade developments. The S&P 500 ticked lower by 0.3%, while the Nasdaq slipped 0.9%. The Dow Jones Industrial Average rose 74 points, or 0.2%. Shares of aerospace and defense name Lockheed Martin were down almost 7% after the company's revenue for the second quarter missed analyst estimates. Similarly, Philip Morris lost 6% after the tobacco company's second-quarter revenue also missed expectations. So far, 88 S&P 500...
Stocks advanced on Tuesday as Wall Street viewed President Donald Trump's comments and first-day actions around international trade as a bit softer than initially believed. The Dow Jones Industrial Average added 537.98 points, or 1.24%, to finish at 44,025.81. The S&P 500 gained 0.88% to end at 6,049.24, while the Nasdaq Composite rose 0.64% to 19,756.78.3Mclimbed more than 4% after earnings came in better than analysts expected. Small-cap stocks also participated in Tuesday's rally, with the Russell 2000 rising about 1.9%. Several big technology stocks also took a leg up, with Amazon...
European equities rose on Tuesday on relief that US President Donald Trump had refrained from immediately targeting the region with trade tariffs. The Stoxx Europe 600 Index ended the session up 0.4%, with luxury goods makers LVMH, Hermes International SCA and weight-loss drug manufacturer Novo Nordisk A/S contributing to gains. European stocks have outperformed US peers so far this month, but investors are keenly watching Trump's first few days in power for more details on his trade policies. Source: Bloomberg
US stocks rose on Tuesday, with the S&P 500 and Nasdaq up 0.5% and the Dow Jones Industrial Average up about 170 points as traders braced for a second Trump administration. On his first day in office, Trump took several steps to advance his agenda but refrained from imposing tariffs, as many had anticipated. However, he later indicated plans to impose 25% levies on Mexico and Canada while avoiding mentioning China. Traders are now turning their attention to growth prospects under the new administration and earnings reports from major companies. Charles Schwab (5%) and Prologis (1.6%)...
European stocks opened mixed on Tuesday, as traders digested the first executive orders signed by newly inaugurated U.S. President Donald Trump on Monday. The pan-European Stoxx 600 opened flat, while Germany's DAX fell slightly after hitting a record high. While the FTSE 100 opened 0.05% higher, Italy's FTSE MIB and CAC 40 were both in negative territory at 8:15 a.m. London time. Orsted shares plunged 15% after the company reported a fourth-quarter loss of 12.1 billion Danish kroner ($1.7 billion) related to a U.S. offshore wind turbine project. Meanwhile, European automakers Stellantis...
The Hang Seng rose 181 points, or 0.9%, to close at 20,107 on Tuesday (21/1), extending its bullish momentum for a sixth straight session and nearing its highest in nearly four weeks amid broad sector gains. Traders responded positively to Trump's inaugural speech on Monday, as it did not impose tariffs on China. Meanwhile, U.S. stock futures jumped after Trump signed several executive orders, including declaring a national energy emergency, which could lead to lower inflation and a Fed rate cut. Further gains were capped by caution ahead of December inflation data in Hong Kong later in the...