The Nasdaq Composite rose 0.7% and the S&P 500 gained 0.3% on Friday, led by a 10.8% surge in Amazon shares after the company said cloud revenue climbed 20% in the third quarter and beat estimates, lifting tech names broadly. The Dow traded up 60 points. Palantir and Oracle added 3% and 2.8%, repsectively, on AI optimism and Nvidia also traded higher. Elsewhere, Netflix rallied 2.9% on an announced 10 for 1 stock split and Tesla jumped 3.1%. Energy names diverged as Chevron rose 1.9% on stronger earnings and Exxon Mobil slipped 1.5% after a profit decline. On the other hand, Meta fell...
Wall Street's main indexes opened flat on Friday, as investors expected the Federal Reserve to take a more cautious stance on interest rates after the latest batch of jobs data. The Dow Jones Industrial Average, rose 14.9 points, or 0.03%, at the open to 44762.57. The S&P 500, fell 0.4 points, or 0.01%, at the open to 6083.13, while the Nasdaq Composite, dropped 17.1 points, or 0.09%, to 19774.867 at the opening bell. Source : Reuters
Hong Kong's stock market ended higher on Friday with the benchmark Hang Seng Index up 1.16 percent to close at 21,133.54 points. The Hang Seng China Enterprises Index jumped 1.22 percent to end at 7,784.07 points, and the Hang Seng Tech Index climbed 1.8 percent to 5,150.35 points. Source : CTX
European stock markets traded subdued on Friday, stalling near record highs ahead of the highly anticipated monthly U.S. payrolls report. At 3:05 a.m. ET (08:05 GMT), Germany's DAX index was trading largely unchanged, while France's CAC 40 was down 0.1% and the U.K.'s FTSE 100 was down 0.1%. The pan-European STOXX 600 index closed at a record high on Thursday, helped by mostly strong corporate earnings. European stocks have performed at their best pace in a decade against Wall Street in the first six weeks of 2025, but doubts remain over whether the gains can be sustained given the euro...
Japanese stocks fell after the close on Friday (2/7), as losses in the Communications, Automobiles & Parts and Machinery sectors led shares lower. At the close in Tokyo, the Nikkei 225 was down 0.60%. The best performers on the Nikkei 225 were Mercari Inc (TYO:4385), which rose 20.98% or 400.00 points to trade at 2,307.00 at the close. Meanwhile, Subaru Corp (TYO:7270) gained 9.21% or 245.50 points to close at 2,910.00 and Nissan Motor Co., Ltd. (TYO:7201) gained 7.42% or 30.80 points to 445.90 in late trade. The worst performers on the session were Nikon Corp. (TYO:7731), which fell...
Asia-Pacific markets opened lower Friday as investors awaited India's interest rate decision, and assessed Japan's household spending data. Australia's S&P/ASX 200 slipped 0.12%. Japan's Nikkei 225 fell 0.34% and the Topix traded 0.32% lower. The country's household spending in December rose 2.7% year on year in real terms, sharply beat Reuters' expectations of a 0.2% rise. South Korea's Kospi shed 0.26%, while the small-cap Kosdaq fell 0.3%. Hong Kong's Hang Seng index futures were at 20,907, slightly higher than the HSI's last close of 20,891.62. The Reserve Bank of India is...