U.S. Stocks Close Higher On Bargain Hunting; Nasdaq Outperforms

RTTNews | Pred 741 dňami

(RTTNews) - After turning in a mixed performance on Friday, U.S. stocks climbed higher on Monday, riding on the strength of technology shares.

Bargain hunting contributed a bit to market's uptick today. Activity in the market was somewhat subdued due to a lack of major U.S. economic data.

Reports on import and export prices, retail sales, industrial production and housing starts are likely to attract attention along with the minutes of the latest Federal Reserve meeting.

Among the major averages, the Dow edged up marginally after spending much of the day's session in negative territory. The S&P 500 and the Nasdaq closed on a firm note.

The Dow, which dropped to 35,169.97 in early trades, ended the session with a gain of 26.23 points or 0.07 percent at 35,307.63. The S&P 500 settled up 25.67 points or 0.58 percent at 4,489.72, near the day's high, while the Nasdaq closed with a gain of 143.48 points or 1.05 percent at 13,788.33.

Technology stocks gained following a rating upgrade of Nvidia by Morgan Stanley. Nvidia shares climbed more than 6 percent.

Intel gained about 2.6 percent. Salesforce.com, Merck and Visa ended higher by 1 to 1.7 percent. Apple, Microsoft, American Express, Meta Platforms, Alphabet and United Health also closed higher.

Shares of United States Steel Corporation skyrocketed 30 percent after the company rejected a buyout from Cleveland-Cliffs Inc.

Tesla shares ended weak after the company announced a cut in prices in China for the Model Y. 3M, Goldman Sachs, Walgreens Boots Alliance, P&G, Walmart, Nike and IBM ended weak.

In overseas trading, stock markets across the Asia-Pacific region moved mostly lower during trading on Monday. Japan's Nikkei 225 Index tumbled by 1.3 percent, while Hong Kong's Hang Seng Index dove by 1.6 percent.

Meanwhile, the major European markets closed mixed today. While the U.K.'s FTSE 100 Index ended down by 0.23 percent, the French CAC 40 Index edged up 0.12 percent, while the U.K.'s FTSE 100 ended down by 0.23 percent.

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.

RTTNews | Pred 1 h 6 min

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.

RTTNews | Pred 1 h 22 min

Sensex, Nifty Seen Higher On Dovish Fed Comments

Indian shares are seen opening higher on Monday as traders react to Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole.

RTTNews | Pred 2 h 2 min

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.

RTTNews | Pred 2 h 32 min

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.

RTTNews | Pred 2 h 44 min

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.

RTTNews | Pred 3 h 2 min

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.

RTTNews | Pred 3 h 3 min

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.

RTTNews | Pred 3 h 17 min

EURUSD	1.17059	GBPUSD	1.35122	AUDUSD	0.64914
USDJPY	147.282	USDCAD	1.38339	USDCHF	0.80273