The S&P 500 was 0.4% higher in midday trading after riding a winning streak to its best level since April 2022. The Dow Jones Industrial Average was down 85 points, or 0.2%, at 34,126, as of 11:30 a.m. Eastern time, while the Nasdaq composite was 0.6% higher.The wide expectation on …
Read More »US equities celebrate inflation data as bets on Fed’s pause increase
The S&P 500 and Nasdaq reached their highest closes in 14 months on Tuesday after data showed consumer prices rose modestly in May, boosting bets that the Federal Reserve will not raise interest rates on Wednesday. Nvidia (NVDA.O) jumped 3.9%, becoming the first chipmaker to end a trading session with …
Read More »Nikkei closes above 33 thousand points for the first time in 33 years
Japan’s Nikkei index rose on Tuesday to close above 30,000 points for the first time in 33 years, supported by technology stocks amid expectations of an influx of investment into chipmakers. The index continued its rise for the third consecutive session, increasing 1.8 percent to 33,018.65 points, surpassing the important …
Read More »Wall Street abandons earlier gains as Fed, CPI awaited
Wall Street has given up earlier gains as the US central bank’s policy decision and the Consumer Price Index (CPI) are awaited.The S&P 500 index is up 0.27% after rallying from a low of 4,279.10 to a high of 4,322.20, falling back to 4,303 currently. The benchmark S&P 500 closed …
Read More »Nikkei rose for the ninth consecutive week after fixing the final settlement price
Japan’s Nikkei index rose sharply on Friday, marking its ninth consecutive week of gains, as investors took comfort from the fixing of the final settlement price. The Nikkei index rose 1.97 percent to close at 32,265.17 points, its biggest daily gain since last Monday. The index rose 2.35 percent for …
Read More »US equities climbed building on recent gains
On Thursday, the US stock market climbed higher as it built on its recent gains. Traders were looking ahead to key inflation data next week as well as the Federal Reserve’s latest policy announcement. The Dow Jones Industrial Average added 168.59 points, or 0.5%, to close at 33,833.61. The S&P …
Read More »Japan’s Nikkei declines for a second day after the rise in technology stocks lost momentum
Japan’s Nikkei index witnessed a sharp decline for the second day in a row on Thursday, as investors took profits from a recent rally in technology stocks. The Nikkei’s losses accelerated in the second half of the session, falling 0.85 percent at the close, recording 31,641.27 points. The broader Topix …
Read More »US stocks slide after recording biggest midday moves
On Wednesday, US stocks experienced a decline due to a shift away from technology stocks that negatively impacted the Nasdaq. Additionally, profit-taking ahead of key economic and policy events next week caused the S&P 500 to slide. The Dow Jones Industrial Average surged 71.82 points, or 0.21%, to 33,645.1, the …
Read More »Japan’s Nikkei index records its biggest decline in 12 weeks after a series of gains
Japan’s Nikkei index recorded its biggest drop in 12 weeks on Wednesday, as investors exercised caution after a series of gains. The Nikkei index fell 1.82 percent to close at 31,913.74 points, its biggest daily decline since March 14, ending a four-day streak of gains. The index rose 0.6 percent …
Read More »Japan’s Nikkei at a 33-year high supported by institutional stocks
Japan’s Nikkei index continued to climb on Tuesday, supported by institutional stocks. The Nikkei reversed course, after posting losses earlier in the session, to close nearly 1 percent higher at 32,506.78 points. The index closed at its highest level since July 1990. The broader Topix index rose 0.74 percent to …
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