The S&P 500 rose to within a whisker of a new record Thursday, the culmination of a stunning comeback from lows set in April as the benchmark overcame a wall of worries that included tariff fights, wars and sticky inflation. The broad market index climbed 0.8% to close at 6,141.02, bringing its gain on the week to 2.9% and putting it just a few points away from the intraday all-time high hit in late February of 6,147.43. The Nasdaq Composite advanced 0.97% to 20,167.91, itself inches away from a new record. The Dow Jones Industrial Average climbed 404.41 points, or 0.94%, to...
The Nikkei 225 rose 1.3% to around 40,100 on Friday, while the broader Topix index gained 1.1% to 2,835, as Japanese equities rose to multi-month highs after a strong session on Wall Street. Market sentiment improved after the White House downplayed the urgency of an upcoming tariff deadline, easing investor concerns about a protracted trade war. Spokeswoman Karoline Leavitt indicated the deadline was flexible and could be extended. Meanwhile, investors weighed fresh data showing Tokyo's core inflation slowed in June but remained well above the Bank of Japan's 2% target, maintaining...
Hong Kong stocks edged up 25 points, or 0.1%, to 24,348 in early trade on Friday, following losses in the previous session, largely supported by gains in consumer stocks. An overnight rally on Wall Street lifted sentiment after the S&P 500 closed near a record. The White House's efforts to play down a looming July tariff deadline also helped calm investor nerves. However, the upside momentum was capped by caution ahead of the release of the US PCE index, the Fed's preferred inflation gauge, due later in the day. Meanwhile, recent data showed a slight annual decline in China's industrial...
Japanese stocks rose after the close on Friday (6/27), as gains in the Real Estate, Banking and Textile sectors boosted shares. At the close in Tokyo, the Nikkei 225 rose 1.42% to hit a fresh 3-month high. The best performer on the Nikkei 225 was Sumitomo Metal Mining Co., Ltd. (TYO:5713), which rose 6.87% or 232.00 points to trade at 3,610.00 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) rose 6.62% or 61.00 points to close at 983.00 and Yokohama Rubber Co Ltd (TYO:5101) gained 6.42% or 235.00 points to close at 3,897.00. The worst performers on the session were...
European stocks rose on Friday as investors assessed signs of easing trade tensions between the United States and China, raising hopes of a further trade deal before a U.S. tariff pause deadline is lifted in July. The pan-European STOXX 600 index, which opened up 0.6 percent at 540.67 points, as of 0707 GMT. It was on track for its first weekly gain in three weeks. Other major regional indexes also traded higher. The United States has reached a deal with China on how to speed up shipments of rare earths to the United States, a White House official said on Thursday. With concerns about...