U.S. Stocks Close On Strong Note; Nasdaq Outperforms

RTTNews | Před 836 dny

(RTTNews) - U.S. stocks closed on a bright note on Friday, firmly holding their gains after a positive start.

Some encouraging earnings updates from top tech firms and data showing a slowdown in the annual rate of growth in consumer prices in the month of June aided sentiment.

Easing worries about interest rates following the Federal Reserve hinting at a pause in hikes as early as September helped as well.

The major averages all ended with strong gains, with the tech-laden Nasdaq outperforming others.

The Dow ended with a gain of 176.55 points or 0.50 percent at 35,459.29. The S&P 500 advanced 44.82 points or 0.99 percent to settle at 4,582.23, while the Nasdaq climbed 266.55 points or 1.9 percent to 14,316.66.

Data from the Commerce Department showed personal income rose by 0.3 percent in June after climbing by an upwardly revised 0.5 percent in May. Economists had expected personal income to increase by 0.5 percent compared to the 0.4 percent advance originally reported for the previous month.

Meanwhile, personal spending climbed by 0.5 percent in June after inching up by an upwardly revised 0.2 percent in May. Economists had expected personal spending to rise by 0.4 percent compared to the 0.1 percent uptick originally reported for the previous month.

The data showed the annual rate of growth by consumer prices slowed to 3.0 percent in June from 3.8 percent in May. Economists had expected the pace of growth to slow to 3.1 percent.

The annual rate of growth by core consumer prices, which exclude food and energy prices, also slowed to 4.1 percent from 4.6 percent.

The slowdown in the annual rate of consumer price growth may ease concerns about the outlook for interest rates following yesterday's better-than-expected economic data.

Intel climbed more than 6.5 percent, continuing to benefit from upbeat second-quarter earnings.

Meta Platforms gained about 4.5 percent, riding on strong quarterly earnings. Microsoft surged 2.3 percent, Apple advanced 1.35 percent, and Verizon gained 1.5 percent.

P&G ended 2.8 percent higher on strong results. Boeing, Merck, American Express and Caterpillar also posted impressive gains.

Shares of Roku Inc soared more than 31 percent after the company reported stronger than expected results for the second quarter, and gave an upbeat revenue forecast.

Wallgreens Boots Alliance, Cisco Systems, McDonalds and Goldman Sachs ended weak. Chevron ended modestly lower after reporting a drop in second quarter earnings.

In overseas trading, Asian stocks ended mixed on Friday, as bond yields crept up after the release of upbeat U.S. economic data and a shift in BOJ policy.

Chinese shares logged strong gains on stimulus hopes after state media quote the housing minister as saying that the country needs measures such as lower home mortgage rates to help spur home purchases.

Japanese shares ended lower while the yen rose after the Bank of Japan unexpectedly tweaked its monetary policy framework to allow long-term yields to move 0.5 percent in both directions.

The major European markets closed slightly higher on Friday despite struggling for direction for much of the day's trading session.

Germany's DAX climbed 0.39 percent, France's CAC 40 advanced 0.15 percent, and the U.K.'s FTSE 100 edged up 0.02 percent. The pan European Stoxx 600 ended 0.2 percent down.

Win Streak May Continue For Malaysia Stock Market

The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 10 points or 0.7 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,630-point plateau and it's expected to see additional support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KLCI finished modestly higher on Monday following gains from the financial shares and telecoms and mixed performances from the plantations and industrials. For the day, the index added 8.25 points or 0.51 percent to finish at 1,627.38 after trading between 1,620.49 and 1,633.52. Among the actives, 99 Speed Mart Retail and CIMB Group both gained 0.66 percent, while AMMB Holdings increased 0.70 percent, Axiata surged 3.85 percent, Celcomdigi shed 0.27 percent, Gamuda advanced 0.79 percent, IHH Healthcare slumped 0.72 percent, IOI Corporation lost 0.25 percent, Kuala Lumpur Kepong perked 0.19 percent, Maxis soared 3.04 percent, Maybank collected 0.30 percent, MISC spiked 2.88 percent, MRDIY declined 1.23 percent, Nestle Malaysia sank 0.36 percent, Petronas Chemicals accelerated 2.82 percent, Petronas Dagangan rallied 1.69 percent, PPB Group added 0.69 percent, Press Metal strengthened 1.11 percent, QL Resources fell 0.24 percent, RHB Bank jumped 1.48 percent, SD Guthrie improved 0.74 percent, Sunway stumbled 1.65 percent, Telekom Malaysia rose 0.55 percent, Tenaga Nasional climbed 0.91 percent, YTL Corporation plunged 2.73 percent, YTL Power retreated 1.28 percent and Petronas Gas, Public Bank and Sime Darby were unchanged.

RTTNews | Před 1 h 25 min

Japan Shares May Extend Monday's Gains

The Japan stock market has moved higher in two of three trading days since the end of the two-day slide in which it had plunged nearly 2,200 points or 4.2 percent. The Nikkei 225 now rests just above the 50,900-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The Nikkei finished sharply higher on Monday following gains from the financial shares and technology stocks, while the automobile producers were mixed. For the day, the index jumped 635.39 points or 1.26 percent to finish at 50,911.76 after trading between 50,392.44 and 50,969.50. Among the actives, Nissan Motor accelerated 2.11 percent, while Mazda Motor stumbled 2.06 percent, Toyota Motor rose 0.42 percent, Honda Motor plunged 4.67 percent, Softbank Group spiked 2.56 percent, Mitsubishi UFJ Financial and Mizuho Financial both collected 0.67 percent, Sumitomo Mitsui Financial added 0.65 percent, Mitsubishi Electric gathered 0.33 percent, Sony Group improved 0.59 percent, Panasonic Holdings perked 0.15 percent and Hitachi rallied 2.15 percent. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | Před 1 h 40 min

KOSPI May Break Through 4,100-Point Barrier

The South Korea stock market has tracked higher in two of three trading days since the end of the two-day slide in which it had plummeted almost 220 points or 5 percent. The KOSPI sits just beneath the 4,075-point plateau and it's tipped to open in the green again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The KOSPI finished sharply higher on Monday with gains across the board, especially among the financial shares, technology stocks and industrials. For the day, the index surged 119.48 points or 3.02 percent to finish at 4,073.24 after trading between 3,984.24 and 4,092.91. Volume was 334 million shares worth 16.5 trillion won. There were 804 gainers and 98 decliners. Among the actives, Shinhan Financial collected 1.81 percent, while KB Financial spiked 4.28 percent, Hana Financial vaulted 4.57 percent, Samsung Electronics jumped 2.76 percent, Samsung SDI strengthened 2.94 percent, LG Electronics climbed 1.47 percent, SK Hynix rallied 4.48 percent, LG Chem expanded 3.93 percent, Lotte Chemical skyrocketed 7.12 percent, SK Innovation accelerated 3.97 percent, POSCO Holdings improved 1.51 percent, SK Telecom added 0.94 percent, KEPCO soared 4.88 percent, Hyundai Mobis gained 3.62 percent, Hyundai Motor increased 2.46 percent, Kia Motors surged 3.27 percent and Naver was unchanged.

RTTNews | Před 1 h 55 min

Japan Current Account Data Due On Tuesday

Japan will on Tuesday release September figures for current account, highlighting a modest day for Asia-Pacific economic activity. The current account surplus is seen at 2.26 trillion yen, down from 246.35 trillion yen in the previous month.

RTTNews | Před 2 h 25 min

Swiss Market Settles On Buoyant Note

The Switzerland market turned in a fine performance on Monday, in line with markets across the globe, amid hopes the U.S. government shutdown will end soon.

RTTNews | Před 6 h 8 min

European Markets Close On Strong Note On Hopes Of End To US Government Shutdown

European stocks closed on a strong note on Monday and most of the major markets rebounded from multi-week lows posted in the previous session, as rising prospects of an end to the government shutdown in the U.S., helped underpin sentiment.

RTTNews | Před 6 h 34 min

Technology, Materials Stocks Climb Higher; TSX Up Over 1%

After with a strong positive gap and moving further up north, the Canadian market remains high up in positive territory around noon on Monday with stocks from materials and technology sectors scoring impressive gains. The mood in the market is quite bullish amid prospects of an end to the US government shutdown.

RTTNews | Před 7 h 35 min

Bay Street Looks Set To Open On Firm Note

Canadian stocks are likely to open on a firm note on Monday, riding on higher commodity prices and prospects of an end to the government shutdown in the U.S.

RTTNews | Před 11 h 15 min

EURUSD	1.15586	GBPUSD	1.31738	AUDUSD	0.65354
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