The S&P 500 rose 0.3% to a fresh record high on Thursday, while the Nasdaq gained 0.6% and the Dow Jones hovered near the flatline. Investors kept a cautious eye on the ongoing US government shutdown, though markets largely shrugged off concerns, awaiting further developments and hoping the stalemate proves short-lived. Technology led sector gains after OpenAI raised $6.6 billion in a share sale valuing the company at $500 billion and announced an agreement with South Korean chipmakers. Industrials, energy and consumer discretionary stocks also advanced, while real estate lagged. Among...
Stocks rose Thursday after President Donald Trump announced a trade deal framework between the U.S. and United Kingdom, the first major agreement hatched since the U.S. launched pre-emptive tariffs on most of the globe earlier this year. The Dow Jones Industrial Averag gained 254.48 points, or 0.62%, to settle at 41,368.45. The S&P 500 rose 0.58% and closed at 5,663.94. The Nasdaq Composite advanced 1.07% to end at 17,928.14. Trump announced the deal outline from the Oval Office with U.K. Prime Minister Keir Starmer on speakerphone. A 10% baseline tariff will remain on the U.K.,...
The Dow Jones Industrial Average (DJIA) gained ground on Thursday, climbing over 650 points or 1.6% after the Trump administration announced an incoming (but still not signed) trade deal with the United Kingdom (UK). Under the trade deal, most imports from the UK will still see a 10% tariff across the board, but markets are taking the news as a sign that the Trump administration will continue to at least partially walk back its own tariffs over time. Investors are still hoping for a quick resolution to the escalating US-China trade war that has steep 145% import taxes on most goods from...
US stocks rose on Thursday, with the S&P 500 rising 0.6%, the Nasdaq adding 0.9% and the Dow Jones jumping 230 points, as investors welcomed President Trump's announcement of a US-UK trade deal. Sentiment was further boosted by reports that the administration is preparing to roll back some Biden-era restrictions on chipmakers. Consumer discretionary, energy and communication services were by far the top performers while health and utilities underperformed. Megacaps Apple (0.6%), Microsoft (1.6%), Nvidia (0.5%), Amazon (1.2%), Meta (2.2%), Alphabet (1.2%) and Tesla (3.2%) were all...
The Hang Seng rose 84 points or 0.4% to close at 22,776 on Thursday, marking its sixth straight gain amid a rally in U.S. futures. Optimism was fueled by President Trump's hint at a major trade deal with a "big, and highly respected country," likely the UK, with more details later today. The index hovered near a one-month top, lifted by news that a sovereign wealth fund would continue efforts to support mainland markets. Sentiment also benefited from the PBOC rate cuts aimed at supporting growth amid U.S.-China trade disputes. Tech stocks advanced on reports that the U.S. may ease chip...
European stocks edged higher on Thursday, with the Stoxx 50 and Stoxx 600 both up 0.3%, as investors awaited central bank rate decisions and monitor corporate earnings. Optimism also grew around UK-U.S. trade ties, as reports suggest Britain may become the first country to strike a deal following new U.S. tariffs. In corporate headlines, Puma SE delivered a stable Q1 performance, offering reassurance despite lacking a CEO. AB InBev posted profits at the top end of its guidance, helped by better-than-expected sales volumes. Maersk also beat expectations for Q1 operating profit and held its...