U.S. Stocks Close Notably Lower As Traders Await Tech Earnings, Fed Policy

RTTNews | 939日前

(RTTNews) - After a weak start, U.S. stocks kept falling right till the end of the day's session on Monday, as traders chose to lighten commitments ahead of a slew of earnings from tech firms, and the Federal Reserve's monetary policy decision.

The major averages all ended notably lower, with the tech-laden Nasdaq recording a sharp loss.

The Dow ended down 260.99 points or 0.77 percent at 33,717.09, the S&P 500 settled lower by 52.79 points or 1.3 percent at 4,017.77, while the Nasdaq closed with a loss of 227.90 points or 1.96 percent at 11,393.81.

The Fed's two-day meeting gets underway on Tuesday. The central bank is widely expected to slow the pace of interest rate hikes to 25 basis points. Traders will pay close attention to the accompanying statement for clues about the outlook for further rate hikes.

Recent upbeat economic data has generated some optimism the Fed could engineer a soft landing but has also led to concerns the central bank will need to keep rates at elevated levels for longer than anticipated.

The Bank of England and the European Central Bank are also scheduled to announce their rate decisions this week. It is expected that both BoE and ECB will hike interest rates by 50 basis points.

Apple, Amazon and Alphabet lost 2 percent, 1.6 percent, and 2.5 percent, respectively.

Meta Platforms drifted down about 3 percent. Microsoft, Chevron, 3M, Walt Disney, United Health and Caterpillar also ended notably lower.

Verizon, Goldman Sachs, IBM and Merck closed on a positive note.

In overseas trading, Asian stocks ended lower on Monday as investors looked ahead to a busy week of central bank announcements and earnings updates from U.S. tech heavyweights Amazon, Apple, Alphabet and Meta Platforms.

Chinese shares eked out modest gains as traders returned to their desks after a week-long holiday.

European stocks closed broadly lower on Monday with investors focusing on corporate earnings updates and looking ahead to the upcoming policy meetings of central banks.

The pan European Stoxx 600 ended down 0.17 percent. Germany's DAX edged down 0.16 percent and France's CAC 40 ended lower by 0.21 percent, while the U.K.'s FTSE 100 gained 0.25 percent.

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 30分前

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 45分前

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 1時0分前

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 2時0分前

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | 3時12分前

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | 5時34分前

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 5時51分前

European Stocks Close Lower On Political Concerns, Tariff Worries

European stocks closed weak on Tuesday, weighed down by political uncertainty in France, and lingering concerns about tariffs and their impact on global economic growth.

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EURUSD	1.16384	GBPUSD	1.34765	AUDUSD	0.6496
USDJPY	147.439	USDCAD	1.38341	USDCHF	0.80373