European stocks declined as investor sentiment turned cautious again amid revived tensions in the Middle East which sent crude oil prices rising, while L'Oreal SA surged after better-than-expected quarterly sales. The Stoxx Europe 600 Index was down 0.6% at 8:08 a.m. in London. L'Oreal stock was up 4.8% after the cosmetics maker's like-for-like sales beat expectations, quelling worries over a slowdown in the beauty market. Israel launched a retaliatory strike on Iran less than a week after Tehran's rocket and drone barrage, according to two US officials, but...
The S&P 500 rose Monday to its highest level in nine months, boosted by gains from technology giants like Apple. The benchmark index gained 0.25%, while the Nasdaq Composite jumped 0.5%. The Dow Jones Industrial Average dipped 82 points, or 0.25% Apple rose more than 2% to hit an all-time high ahead of the widely anticipated unveiling of its virtual reality headset at its annual Worldwide Developers Conference. Shares last traded at $183.61. Other technology stocks gained, with Amazon and Alphabet last up more than 1% each. Netflix jumped 2.6%. Stocks rallied last week after a strong...
European markets closed lower on Monday as traders digested the U.S. debt ceiling agreement and euro zone inflation data. The pan-European Stoxx 600 index closed 0.5% lower after muted trading through most of the session. Oil and gas stocks ended the session 0.27% lower, slipping from gains of 1.1% earlier in the session despite oil prices remaining in positive territory. Saudi Arabia announced voluntary cuts to its output Sunday, starting in July. OPEC+ on Sunday announced it would make no changes to its planned oil production cuts for the rest of the year. Travel and leisure stocks led...
U.S. stock indexes opened flat Monday after a broad-based rally that pushed the large-cap index S&P 500 to its highest level in nearly ten months and had it on the verge of exiting its longest bear-market run since 1948. The S&P 500 advanced 4 points, or 0.1%, to 4,286. The Dow Jones Industrial Average opened nearly flat at 33,769, while the Nasdaq Composite shed 0.1%. On Friday, stocks rallied to end the week after the May employment report showed the labor market is still surprisingly strong despite the Federal Reserve's aggressive tightening of monetary policy in the past...
Hong Kong stocks finished sharply higher again Monday, tracking a global advance, on hopes the US Federal Reserve will skip an interest rate hike next week. The Hang Seng Index jumped 0.84 percent, or 158.56 points, to 19,108.50 following a four percent surge on Friday. The Shanghai Composite Index edged up 0.07 percent, or 2.37 points, to 3,232.44, while the Shenzhen Composite Index on China's second exchange dipped 0.09 percent, or 1.92 points, to 2,033.70. Source: AFP
U.S. equity futures were mixed on Monday morning after a broad-based rally last week that pushed the S&P 500 to its best week since March, and its highest level since last August. Futures tied to the Dow Jones Industrial Average added 29 points, or 0.09%. S&P 500 futures were 0.07% lower and Nasdaq-100 futures dipped 0.3%. Oil prices briefly climbed more than 2% after Saudi Arabia announced it would further cut output by 1 million barrels per day starting in July. The news followed a meeting of OPEC and its allies, during which the group decided to stick to existing 2023 production...