Stocks edged higher on Monday, thereby sustaining the gains from last week's rally as optimism rose around the likelihood that the Federal Reserve's interest rate hikes are nearing an end. S&P 500 futures, as well as those listed on the Dow Jones Industrial Average and the Nasdaq 100, rose...
European and U.S. stocks rose on Monday as Israel's military action against Hamas proceeded more cautiously than investors initially expected. The benchmark Stoxx Europe 600 rose by 0.7%.
In the United States, the S&P 500 climbed by 0.6%, while futures listed on the tech-heavy Nasdaq 100 gained 0.8%. Contracts listed...
BNP Paribas SA posted declining revenue from fixed-income trading over the third quarter, giving rise to market sentiment that European banks have underperformed compared to their US counterparts at a time when markets have become less turbulent.
The Paris-based bank posted a fixed-income revenue from bond trading of €1 billion...
The U.S. dollar remained mostly unchanged on Wednesday morning as China's economic growth beat expectations, putting a halt to the greenback's significant growth trajectory. According to official data, China's economy grew by 1.3% over the third quarter; 0.5% faster than the previous quarter and exceeding market projections of a...
New York stocks declined on Tuesday morning as investors turned their sights to the Federal Reserve's upcoming policy decision as well as Instacart's impending initial public offering (IPO) on the Nasdaq Composite Index. The S&P 500 as well as the Dow Jones Industrial Average declined by 0.2%, while the...
Nvidia is reaching new highs after the chipmaker beat Wall Street’s estimates by a wide margin in two consecutive quarters. The company’s stock closed at a record on Wednesday, with many analysts expecting a further rise in the near future.
The shares of Nvidia reached its all-time high price of...
Video conferencing company Zoom shared its second-quarter earnings this week and managed to beat the estimates of Wall Street analysts. However, investors were still unconvinced by the results, causing the company’s stock to fall by more than 10% at one point.
Zoom reported $1.14 billion in revenue compared to an...
Asian stocks were mixed on Tuesday after New York stocks reached a 15-month peak before closing for the 4th of July holiday.
Japan's Nikkei 225 fell 0.9% to 33,445.55 while Hong Kong's Hang Seng rose 0.4% to 19,393.33. The Shanghai Composite Index remained relatively unchanged at 3,243.86.
South Korea's Kospi declined...
Stocks closed lower on Tuesday as investors braced themselves for Federal Reserve Chairman Jerome Powell's testimony in Congress on Wednesday. In addition to the potential implications of Powell's address, investors remain concerned about China's flailing economic growth.
The S&P 500 slid 0.47% lower, while the Dow Jones Industrial Average declined...
Japan's Topix index rallied by more than 1% on Wednesday, thereby extending its three-decade high. This is the index's fourth consecutive daily rise, with central banks in China and Japan implementing supportive monetary policies ahead of the Federal Reserve's interest rate policy decision expected on Wednesday.
Asia's gains were paired...