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...
U.S. futures tied to the Dow Jones Industrial Average rose slightly Friday morning following the index's worst session in over a year. Investors also awaited key labor data due Friday morning. Dow futures climbed 59 points, or 0.15%. S&P 500 futures and Nasdaq 100 futures were up 0.24% and 0.23% respectively. Those moves follow a selloff on Wall Street during Thursday's session. The Dow tumbled about 530 points, or 1.35%, marking its biggest daily drop since March 2023 and its fourth consecutive losing session. The S&P 500 and Nasdaq Composite tumbled 1.23% and 1.4%, respectively....
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 16,723.92. Mainland Chinese markets were closed for a holiday. Source : AFP
European markets opened lower on Friday as investors wrap up a lackluster first trading week of the new quarter. The pan-European Stoxx 600 index was down 1% in early deals, with all sectors bar oil and gas trading in the red. Travel and leisure stocks were down 2%, while financial services shed 1.5%. Markets have struggled to gain traction this week, with the Stoxx 600 index closing just slightly higher Thursday. During Friday's session, investors will digest fresh data on euro zone construction and retail sales, as well as U.K. house prices. French food services company Sodexo will also...
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. Source : Bloomberg
Hong Kong stocks opened slightly higher Friday morning as investors returned from a midweek break to play catch-up with the previous day's gains in Asia. The Hang Seng Index rose 0.38 percent, or 62.83 points, to 16,787.93. Mainland Chinese markets are closed for a holiday. Source : AFP