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. equities wavered on Monday, coming off a positive week for the major averages as traders braced for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve. The Dow Jones Industrial Average rose 118 points, or 0.3%, while the S&P 500 gained 0.2%. The Nasdaq Composite slid by 0.3%, after opening higher. All three of the indexes are on track for their best month of the year. Monday kicks off the final week of trading for the month of July -- and perhaps the most important week of the summer -- with the Fed meeting, GDP...
European markets closed mixed on Monday as investors braced for a big week of corporate earnings and a key monetary policy decision from the U.S. Federal Reserve. The pan-European Stoxx 600 closed up by just 0.09%, having initially dropped more than 0.4% in early trade. Banks jumped 1.7% while travel and leisure stocks fell 1%. Much of this week's focus will center around the U.S. Federal Reserve's two-day policy meeting, concluding on Wednesday, with economists broadly expecting a 75 basis point hike to interest rates by the central bank. The European Central Bank last week kick-started...
U.S. equities were slightly lower on Monday as traders braced for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve. Stocks opened higher, coming off a positive week for the major averages, but quickly reversed lower. The Dow Jones Industrial Average fell 28 points, or 0.1%. The S&P 500 lost 0.2% and the Nasdaq Composite slipped by 0.4%. Still, all three of the indexes are on track for their best month of the year. Monday kicks off the final week of trading for the month of July, and perhaps the most important week of...
U.S. stock futures rose slightly on Monday morning, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve. Dow Jones Industrial Average futures rose 100 points, or 0.3%. S&P 500 futures gained 0.4% and Nasdaq 100 futures added 0.4%. On Friday, the major averages fell on the back of weaker-than-expected earnings from Snap that sent tech shares tumbling. Still, all three benchmarks closed the week higher, with the Dow up 2%. The S&P 500 advanced...
Hong Kong stocks ended Monday with another loss following a negative lead from Wall Street as traders fret over the economic outlook as central banks rump up interest rates to fight surging inflation. The Hang Seng Index slipped 0.22 percent, or 46.20 points, to close at 20,562.94. The Shanghai Composite Index fell 0.60 percent, or 19.59 points, to 3,250.39, while the Shenzhen Composite Index on China's second exchange eased 0.92 percent, or 20.06 points, to 2,165.36. Sumber : AFP