Stocks fell slightly on Tuesday as traders digested the delayed release of the November's jobs report. The S&P 500 fell 0.1%, while the Nasdaq Composite pulled back about 0.2%. The Dow Jones Industrial Average hovered around the flatline. November's jobs report came in better than expected, showing an increase of 64,000 jobs for the month, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones predicted that nonfarm payrolls would grow by 45,000 in the period. However, the BLS reported that October shed 105,000 jobs. The unemployment rate also increased to 4.6%,...
European stocks posted their worst week since August as a risk-off mood hit some of this year's biggest winners on concerns about lofty technology valuations and an uncertain US monetary policy outlook. The Stoxx Europe 600 Index was down 0.3% by the close, extending losses since Monday to 2.2%. The index came off session lows after Federal Reserve Bank of New York President John Williams said he sees room for the US central bank to cut interest rates again in the near term. Energy and technology stocks tumbled the most on Friday, while defensive sectors including food...
European stock markets opened lower on Friday (November 21st), as volatility in US technology stocks returned to the Atlantic. Shortly after the opening bell, the pan-European Stoxx 600 index fell 0.75%, with nearly all sectors and major bourses in negative territory. Global stocks have fluctuated sharply this week, as concerns about AI valuations have plagued equity markets. They eased slightly from a four-day sell-off following Nvidia's earnings release on Wednesday, but their gains were quickly reversed during Thursday's trading session as New York-listed stocks continued to...
The Hang Seng Index plunged 615 points, or 2.4%, to close at 25,220 on Friday (November 21), extending last week's decline and marking its lowest level in five weeks. The decline occurred broadly amid sharp fluctuations in global equities. The technology sector slumped 3.2% to a three-month low, mirroring the weak performance of US tech stocks on Thursday. Consumer, property, and financial stocks also fell sharply, following a decline in mainland Chinese markets, which hit their lowest level since mid-October. On a weekly basis, Hong Kong markets slumped 5.1%, reversing gains from the...
The Japanese stock market closed lower on Friday, with the Nikkei 225 index falling 2.30%. The paper & pulp, transportation, and communications sectors were the main drags on the index. Despite the steep decline, the market mood wasn't entirely negative, as several large stocks still rallied. Among the top gainers, M3 Inc rose 6.9%, Obayashi Corp surged nearly 5% to hit an all-time high of 3,125, and Nitori Holdings rallied around 4.1%. Overall, the number of stocks rising was far greater: 2,522 rose, 1,117 fell, and 190 remained unchanged on the Tokyo Stock Exchange. This means that...
The Hong Kong stock market opened lower in the morning session, with the benchmark Hang Seng Index falling 375 points, or 1.45%, to 25,460. Selling pressure was felt across the entire market. The Hang Seng China Enterprises Index fell 1.43% to 9,012, while the Technology Index fell further, down 2.2% to 5,451. Technology stocks were the main market bearish. Tencent fell around 1.7%, Alibaba fell more sharply, by around 3.1%, and Meituan fell 1.5%. Xiaomi and JD.com both fell 2.3%, while Kuaishou Technology also fell by around 1.6%. The weakness in this sector indicates that investors remain...