Stocks rose Tuesday, with the Dow Jones Industrial Average climbed Tuesday looking to snap a six-day losing streak, as attention turned to the latest batch of corporate earnings. The 30-stock Dow popped 226 points, or 0.6%. The S&P 500 hovered around the flatline, while the Nasdaq Composite dipped 0.1%. UnitedHealth shares rallied more than 6% on the back of better-than-expected revenue for the first quarter. Johnson & Johnson, another Dow member, posted mixed quarterly results, sending shares down 2%. Morgan Stanley jumped 3% after beating analyst consensus forecasts on both...
U.S. stock were little changed Tuesday as concern over higher rates lingered among traders. The Dow Jones Industrial Average added 3 points, or near the flatline. The S&P 500 and Nasdaq Composite also both traded near flat. Atlanta Fed President Raphael Bostic said Monday that interest rates should rise above 5% and stay there for a "long time." Meanwhile, San Francisco Fed President Mary Daly said the central bank should continue raising rates, albeit at a slower pace. Treasury yields rose slightly on Tuesday. Fed Chair Jerome Powell spoke Tuesday before the bell to the need for the...
U.S. stock futures inched lower Tuesday morning after the Nasdaq Composite posted a second day of gains, helped by Tesla and other tech shares. Futures tied to the Dow Jones Industrial Average shed 83 points, or 0.25%, while S&P 500 fell 40 points, or 0.36%. Nasdaq 100 futures hovered just below the flat line. In regular trading, the Nasdaq Composite posted a 0.6% gain, helped by a 6% rally in Tesla. Meanwhile, the Dow erased a 304-point gain and ended down almost 113 points, while the S&P fell 0.1%. Stocks climbed to start the day, following a winning week for the major averages....
Hong Kong stocks finished Tuesday on the back foot as profit-taking and fresh US interest rate concerns offset optimism over China's economic reopening. The Hang Seng Index dipped 0.27 percent, or 56.88 points, to close at 21,331.46. The Shanghai Composite Index slipped 0.21 percent, or 6.58 points, to 3,169.51, while the Shenzhen Composite Index on China's second exchange added 0.29 percent, or 5.96 points, to 2,060.44. Source : AFP
European markets opened lower as investors gear up for more inflation data later this week, with U.S. consumer price data for December due Thursday. The pan-European Stoxx 600 index was down 0.4% at market open, with all sectors and major bourses trading in the red. Tech stocks led losses, down 1.2%. Overnight in Asia-Pacific markets, stocks traded mixed after the Nasdaq Composite extended gains for a second day on Wall Street. Technology stocks helped the index skirt losses Monday as traders added to bets that inflation may be easing. U.S. stock futures were barely changed Monday...
Tokyo stocks rose Tuesday, taking heart from Wall Street rallies last week sparked by US jobs data that dampened expectations of more aggressive Fed rate hikes. The benchmark Nikkei 225 index added 0.78 percent, or 201.71 points, to 26,175.56, while the broader Topix index rose 0.27 percent, or 5.12 points, to 1,880.88. Source: AFP