The Nasdaq and the S&P 500 were muted on Tuesday as higher Treasury yields pressured equities, though the blue-chip Dow bucked the trend on robust results from health insurance heavyweight UnitedHealth. Dow Component UnitedHealth Group (UNH.N), advanced 5.6% after the health insurer beat expectations for first-quarter adjusted profit. The gains were, however, kept in check as the yield on the 10-year government bond hit fresh five-month highs, a day after data showed U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further indicating...
Tokyo stocks opened higher on Monday as investors took heart from Wall Street rallies on strong jobs data. The benchmark Nikkei 225 index was up 1.01 percent, or 392.88 points, at 39,384.96 in early trade, while the broader Topix index added 0.68 percent, or 18.34 points, to 2,720.96. Source: AFP
Nikkei Tokyo stocks closed sharply lower on Friday as semiconductor-related shares dropped after falls on Wall Street, while investors eyed key US jobs data. The benchmark Nikkei 225 index dropped 1.96 percent, or 781.06 points, to 38,992.08, while the broader Topix index lost 1.08 percent, or 29.38 points, to 2,702.62. Hang Seng Hong Kong stocks ended Friday barely moved, clawing back morning losses fuelled by Middle East and US interest rate concerns, with traders looking ahead to the release of key US jobs data later in the day. The Hang Seng Index inched down 1.18 points to...
U.S. stocks finished higher on Friday after a strong jobs report reinforced the view that the economy remains healthy even as it suggested the Federal Reserve could delay cutting interest rates. All major S&P 500 sectors advanced, with communication services, industrials and technology among those leading gains. U.S. Labor Department data showed employers hired far more workers in March than expected and kept steadily lifting wages, suggesting the economy ended the first quarter on solid ground. According to preliminary data, the S&P 500 gained 57.87 points, or 1.12%, to end at...
Stocks rebounded Friday following the Dow Jones Industrial Average's worst session in more than a year as traders cheered a stronger-than-expected jobs report and looked past a jump in rates. The S&P 500 gained 0.8%, while the 30-stock Dow climbed 185 points, or 0.5%. The tech-heavy Nasdaq Composite advanced 0.9%. Despite Friday's rebound, all three still headed for a losing week. Treasury yields jumped following the report showing that job growth totaled 303,000 in March. Nonfarm payrolls were expected to increase by 200,000, according to Dow Jones estimates. Wages rose 0.3% for the...
European markets closed lower on Friday as investors wrap up a lackluster first trading week of the new quarter. The pan-European Stoxx 600 index provisionally ended 0.9% lower, with all sectors and major bourses in negative territory. Retail and utilities stocks fell more than 2%, while household goods shed 1.6%. Shares of Delivery Hero ended 3% lower on Reuters reports that activist investor Sachem Head built a 3.6% stake in the German delivery business and may be seeking to oust CEO Niklas Oestberg. Elsewhere, investors digested fresh data on euro zone construction and retail sales, as...