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%,...
The Nikkei 225 closed down 0.34% to 48,538 on Wednesday, while the broader Topix index fell 0.17% to 3,246. This marked the fourth consecutive day of declines for Japanese stocks. The main pressure came from the technology sector, which is still being punished by the market due to concerns about overvaluation. Investors also chose to be cautious ahead of Nvidia's highly anticipated earnings release, given that many Japanese technology companies are connected to the global AI supply chain. Several major technology stocks weighed on the index, including Advantest (-0.6%), Lasertec (-2.2%),...
The Hong Kong stock exchange opened Wednesday with limited gains. The Hang Seng Index edged up around 24 points to 25,954, indicating the market hasn't fully lifted its cautious stance. Early in the session, technology and financial stocks were the main focus due to their inconsistent movements. In the technology sector, the Hang Seng Technology Index rose around 0.37% to 5,666, while the Hang Seng China Enterprises Index also gained around 0.19% to 9,192. Several major names, such as Tencent and Alibaba, moved positively, rising around 0.6% and 0.7%, respectively. Meituan and JD.com only...
The Nikkei index closed down 0.9% to 48,281.47 in today's trading, erasing all of its early-session gains. Risk-off sentiment reigned, resulting in bargain hunting not being strong enough to withstand selling pressure. Global stock markets have been under considerable pressure in recent days. FOREX.com Global Macro Analyst, Fawad Razaqzada, said global markets are under intense pressure. One of the triggers for negative sentiment in the technology sector is concerns ahead of Nvidia's financial report release on Wednesday local time. Investors are opting for caution and tending to reduce...
Asian equities swung between small gains and losses as investors weighed the fallout from the selloff in global stocks, with traders watching whether regional markets can stabilize after Wall Street's sharp losses. MSCI's stocks gauge for Asia Pacific fell around 0.1% after the index had its biggest drop since early April. Contracts for US stocks edged lower in early Asian trade after the S&P 500 index fell for a fourth day. A basket of the Magnificent Seven companies declined 1.8%. Nvidia Corp., at the center of the AI frenzy, slumped 2.8%...
The Dow Jones Industrial Average faced renewed downside pressure on Tuesday, tumbling 680 points from the previous day's close at its lowest before finding a half-hearted technical floor near 46,255. The major equity index has pushed into a fourth consecutive bearish day as investors face headwinds on multiple fronts. US labor data continues to tease around the edges of a steepening downturn after US Initial Jobless Claims came in within familiar territory, rising slightly to 232K from the previous print of 219K. ADP's Employment Change 4-week average improved to -2.5K from the previous...