Nikkei Tokyo's key Nikkei index suffered its largest drop in more than three years Friday, following reports that Israel carried out strikes on Iran and after US tech stocks fell. The benchmark Nikkei 225 index ended down 2.66 percent, or 1,011.35 points, to 37,068.35, marking its largest fall in points since February 2021. Hang Seng Hong Kong shares sank Friday as reports said explosions had been heard in Iran and Syria, sparking worries of a region-wide war in the Middle East after last weekend's attack on Israel by Tehran. The Hang Seng Index fell 0.99 percent, or 161.73 points, to...
U.S. stock indexes edged mostly lower Wednesday as investors digested strong retail sales data in the wake of inflation data on Tuesday that suggested the Federal Reserve may have to raise interest rates higher than previously thought to bring down inflation. The Dow Jones Industrial Average lost 126 points, or 0.4% to around 33,964. The S&P 500 went down 10 points, or 0.3% to around 4,125. The Nasdaq Composite edged up 8 points, or 0.1% to 11,969. Stock indexes traded lower Wednesday after data showed that U.S. retail sales jumped 3% in January, the biggest increase in almost...
European stocks gained on Wednesday, buoyed by some positive earnings reports from large caps, while UK's FTSE 100 briefly breached the 8,000 level for the first time ever. The Stoxx Europe 600 Index closed 0.4% higher, having briefly erased earlier gains after data showing a jump in US retail sales signaled the Federal Reserve remains under pressure to curb inflation. The UK's FTSE 100 Index hit a record peak of 8,003 points, before trimming some gains and closing at 7,997.83. Kering SA rose, boosting consumer goods shares, as analysts suggested the worst of China woes...
U.S. stocks slipped Wednesday as investors mulled the latest retail sales report, which came in higher than expected, after the release of January's hotter-than-anticipated consumer price index Tuesday. The Dow Jones Industrial Average lost 181 points, or 0.53%. The S&P 500 and Nasdaq Composite fell by 0.56% and 0.47%, respectively. The January retails sales number came in higher than expected, jumping 3% on the month where economists at Dow Jones anticipated a 1.9% increase. The number signals that the U.S. economy is holding up despite increased rate hikes by the Federal Reserve to...
U.S. stock futures slipped Wednesday morning following the release of January's hotter-than-anticipated consumer price index. Dow Jones Industrial Average futures lost 86 points or 0.25%. S&P 500 and Nasdaq 100 futures fell by 0.36% and 0.45%, respectively. The Dow fell during the trading session and closed lower by more than 156 points. The S&P 500 remained relatively flat, dropping 0.03%, while the tech-heavy Nasdaq Composite shook off earlier losses to close 0.57% higher. Inflation data for January came slightly above economists' estimates, indicating a potentially longer path...
European shares opened lower on Wednesday after British lender Barclays slid on disappointing earnings and French luxury group Kering reported a slump in Gucci revenues. The pan-European STOXX 600 index dipped 0.3%, with Barclays falling 8.1% to the bottom of the index. European banks dropped 1.1% after the UK bank reported a 14% fall in annual profits due to an administrative blunder that saw it oversell securities in the United States and lower deal fees. Shares of French luxury group Kering fell 2.7% as its fourth-quarter sales fell 7%, dragged lower by a slump in revenues at its...