The S&P 500 fluctuated on Friday (January 2), the first trading day of 2026, as gains in semiconductor stocks tried to keep the index steady. The benchmark index was last up 0.1%, while the Nasdaq Composite fell 0.1%. Both indexes had previously shown solid positive trends earlier in the day, with the S&P 500 and the tech-dominated Nasdaq trading up 0.7% and 1.5%, respectively, at their peaks. The Dow Jones Industrial Average rose 254 points, or 0.5%. Major chip stocks like Nvidia and Micron Technology rose during the session. Nvidia rose more than 1%, and Micron Technology jumped...
Asia-Pacific markets rose Friday, tracking Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies on them immediately.Australia's S&P/ASX 200 started the day 0.76% higher, after hitting a intra-day record in the previous session.Over in Japan, the benchmark Nikkei 225 started the day down 0.15%, while the broader Topix index was up 0.31%.South Korea's Kospi opened 0.14% higher while the small-cap Kosdaq advanced 0.74%.The country's seasonally adjusted unemployment rate hit 2.9% in January, easing from its three-year high of...
US stocks rose on Thursday as a U.S. tariff update helped ease concerns about inflation and global trade tensions, brushing aside hotter-than-expected inflation data. The S&P 500 rose 1%, the Nasdaq 100 gained 1.3% and the Dow Jones Industrial Average jumped more than 350 points, or 0.7%. President Trump signed a memorandum to review reciprocal tariffs on foreign countries but did not impose any levies. He also hinted at the potential for additional tariffs, including on auto imports. The producer price index (PPI) rose 0.4% in January, beating estimates, but a key component that goes...
European stocks closed sharply higher on Thursday, extending this week's strong momentum on the back of strong earnings reports and hopes that Ukraine may soon be on the way out, as investors weighed how new U.S. tariffs could affect European growth. The eurozone STOXX 50 jumped 1.7% to 5,500, its first closing high in 25 years, and the pan-European STOXX 600 gained 1.1% to 554. U.S. President Trump announced upcoming talks with Russian President Putin to negotiate a resolution to the ongoing conflict starting in 2022. Auto stocks led the gains with Mercedes Benz, Volkswagen, up between 7%...
US stocks edged higher on Thursday, with the three major averages up around 0.1%, as investors weighed President Trump's trade policies, corporate earnings, and key inflation data. While PPI figures exceeded forecasts, components feeding into the PCE index slowed, providing some relief after hotter-than-expected inflation data released yesterday. Meanwhile, Trump is set to announce reciprocal tariffs later today. Consumer discretionary and materials led gains, while energy lagged. On the earnings front, Cisco surged over 4% after reporting better-than-expected earnings and revenue, while...
Hong Kong's stock market ended lower Thursday with the benchmark Hang Seng Index down 0.2 percent to close at 21,814.37 points. The Hang Seng China Enterprises Index fell 0.69 percent to end at 8,002.63 points, and the Hang Seng Tech Index fell 0.87 percent to end at 5,235.28 points. Source: Bloomberg