Stocks climbed Thursday as Wall Street attempted to recover its footing following another losing session for the S&P 500 and the Nasdaq Composite, while the corporate earnings season rolled on. The S&P 500 gained 0.2%, while the Nasdaq advanced 0.1%. The Dow Jones Industrial Average traded 142 points higher, or 0.4%. Credit bureau Equifax declined more than 9% on disappointing second-quarter guidance. Homebuilder D.R. Horton advanced more than 4% after quarter financials topped expectations. More than 12% of S&P 500-listed companies have now reported earnings in what's shaping...
Hong Kong stocks rose for a second day Thursday following another strong performance on Wall Street as minutes from the Federal Reserve's latest policy meeting suggested it would slow its pace of interest rate hikes. The Hang Seng Index rose 0.92 percent, or 160.72 points, to 17,684.53. The Shanghai Composite Index added 0.23 percent, or 7.19 points, to 3,104.10, while the Shenzhen Composite Index on China's second exchange gained 0.28 percent, or 5.62 points, to 2,001.14. Source : AFP
Tokyo stocks opened higher Thursday, catching up with gains on Wall Street after a public holiday. The benchmark Nikkei 225 index advanced 1.02 percent, or 287.48 points, at 28,403.22 in early trade, while the broader Topix index rose 1.12 percent, or 22.42 points, at 2,017.17. Source : AFP
Nikkei Bank Holiday Hang Seng Hong Kong stocks rose Wednesday to break a five-day losing streak, with hopes for a slower pace of Federal Reserve interest rate hikes playing against worries about a flare-up of Covid-19 cases in China. The Hang Seng Index added 0.57 percent, or 99.40 points, to 17,523.81. The Shanghai Composite Index added 0.26 percent, or 7.96 points, to 3,096.91, while the Shenzhen Composite Index on China's second exchange slipped 0.34 percent, or 6.88 points, to 1,995.51. Gold Gold prices settled higher on Wednesday ahead of the release of minutes from the Federal...
U.S. stocks end higher Wednesday, gaining ground after minutes of the Federal Reserve's early November policy meeting reinforced expectations that policy makers will shift to smaller rate increases at their December meeting. The minutes showed that a majority of policy makers thought smaller rate increases would be justified, but also noted uncertainty over how high rates would ultimately need to go to rein in inflation that continues to run hot. The Dow Jones Industrial Average ended around 97 points higher, up 0.3%, near 34,195, according to preliminary figures, while the S&P 500 rose...
US stocks fluctuated as investors await the release of policy minutes from the Federal Reserve's latest meeting for potential signs that the central bank may slow its pace of interest-rate hikes. The S&P 500 and the Nasdaq 100 trimmed earlier gains. Market trading volumes are expected to be lighter, given the US Thanksgiving holiday on Thursday. Treasuries pared the gains it notched after weaker-than-expected purchasing managers' index readings for November. A gauge of dollar strength dipped after data showed that US unemployment applications rose more than...