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

RTTNews | Pred 745 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.

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | Pred 2 h 55 min

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | Pred 3 h 15 min

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | Pred 3 h 48 min

U.S. Pending Home Sales Fall More Than Expected In July

A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.

RTTNews | Pred 6 h 15 min

Eurozone Economic Confidence Weakens In August

Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.

RTTNews | Pred 6 h 26 min

Walgreen Co. Now Operating As Private Standalone Company Under Sycamore Partners

Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.

RTTNews | Pred 6 h 37 min

U.S. Economy Surges More Than Previously Estimated In Q2

The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday. The report said real gross domestic product shot up by 3.3 percent in the second quarter compared to the previously reported 3.0 percent surge. Economists had expected the jump in GDP to be upwardly revised to 3.1 percent.

RTTNews | Pred 6 h 48 min

U.S. Weekly Jobless Claims Dip Roughly In Line With Estimates

A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd. The Labor Department said initial jobless claims dipped to 229,000, a decrease of 5,000 from the previous week's revised level of 234,000. Economists had expected jobless claims to slip to 230,000.

RTTNews | Pred 6 h 55 min

EURUSD	1.1679	GBPUSD	1.3508	AUDUSD	0.65307
USDJPY	146.972	USDCAD	1.37501	USDCHF	0.80164