|Day's Range||22,318.15 - 22,509.36|
|52 Week Range||19,239.52 - 24,129.34|
NEW YORK (AP) — Energy companies and oil prices took their worst losses in months Friday on reports OPEC countries plan to produce more oil soon. Stock indexes finished an indecisive week with small losses.
The Nasdaq was the lone index to close Friday's session in the green as stocks struggled to end the week on a positive note ahead of the Memorial Day weekend. The Nasdaq rose 0.13%, or 9 points to 7,434. The drop in applications is partially due to the rise in mortgage rates.
Global Markets Are Mixed, Oil Is Weak amid Supply ConcernsEconomic calendar 8:30 AM EST: US core durable goods orders (April) 9:15 AM EST: European Central Bank Coeure speaks 9:20 AM EST: Bank of England governor Carney speaks 9:20 AM EST: US Fed chair Powell speaks 10:00 AM EST: US Michigan Consumer Expectations (May) 10:00 AM EST: US Michigan Consumer Sentiment (May) 11:45 AM EST: US FOMC member Bostic speaks 11:45 AM EST: US FOMC member Kaplan speaks 1:00 PM EST: US Baker Hughes oil rig count 3:20 PM EST: German Bundesbank president Weidmann speaks
Global stocks remained resilient Friday, despite growing geopolitical concerns following President Donald Trump's cancellation of a summit with North Korea, as investors were soothed by a measured response from Pyongyang and calming volatility in U.S. stock markets. Trump's decision to scrap the much-anticipated June 12 meeting with North Korean leader Kim Jong Un, as well as his recent moves on tariffs and criticism of ongoing trade talks with China, hasn't hit markets in a significant way this week, with the CBOE's key measure of equity volatility, the VIX index, falling to four-month lows and 10-year government bond yields holding around the 3% mark. An official response from Vice Foreign Minister Kim Kye Gwan, which noted that North Korea was "highly appreciated President Trump for having made the bold decision, which any other U.S. presidents dared not, and made efforts for such a crucial event as the summit," and suggested talks could still place, provided markets with broader support Friday as investors head into a three-day weekend in the U.K. and the United States.
HONG KONG (AP) — World stock markets were mixed Friday as investors eyed the diplomatic rhetoric over North Korea, developments in global trade disputes and prepared for a long weekend in the U.S. and Britain.
Wall Street stocks were poised for modest gains on Friday, with geopolitics still a distraction for investors, but a clutch of economic data and Fed speakers are swinging into focus ahead of the long holiday ...
Investing.com – Asian stocks were mostly lower in afternoon trade on Friday amid fragile market sentiment following news that U.S. President Donald Trump called off the planned June 12 summit with North Korean leader Kim Jong-un in Singapore, though investor concerns were eased by expectations the two countries may still continue dialogue.
Japan's Nikkei edged up on Friday, supported by such large cap stocks as Tokyo Electron and Fast Retailing, but gains were limited as sentiment was soured after U.S. President Donald Trump cancelled a ...
South Korea’s Kospi trimmed an early 0.5% loss to fall just 0.1%, while major benchmarks in Hong Kong, mainland China and Japan were all down less than 0.5%. Japan’s Nikkei 225 index logged its first weekly loss in nine weeks as the summit’s cancellation piled further pressure on one of Asia’s major benchmarks, which was already weighed by a strengthening yen and a move by the U.S. this week to impose auto tariffs.
Investing.com – Asian stocks were mostly lower in morning trade on Friday after U.S. President Donald Trump called off the planned June 12 summit with North Korean leader Kim Jong-un in Singapore.
With inflation continuing to be a problem for the BoJ, BoE Governor Carney and FED Chair Powell are scheduled to speak through the day, monetary policy divergence becoming every more evident in the markets at present.
Market sentiment was a little shaky on Friday with Asian shares on the defensive after U.S. President Donald Trump scrapped a key summit with North Korea, though investors' fears were calmed by Pyongyang's measured response to the cancellation. North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a "Trump formula" to resolve the standoff over its nuclear weapons programme, noting that North Korea was open to resolving issues with the United States.
HONG KONG (AP) — Asian stock indexes were mostly lower Friday as investors factored in fresh geopolitical uncertainty following the abrupt cancellation of a meeting between the U.S. and North Korean leaders.
Asian markets were mixed in cautious early trading Friday, after President Donald Trump canceled his upcoming summit with North Korean leader Kim Jong Un.
Asian stocks drifted lower on Friday, although the Nikkei 225 eked out slight gains. Declines came after U.S. President Donald Trump canceled a planned meeting with North Korean leader Kim Jong Un. A U.S. probe into automobile imports on a "national security" basis hit automakers on Thursday, and most South Korean and Japanese automakers extended those declines.
By Laila Kearney NEW YORK (Reuters) - Shares sank worldwide on Thursday as U.S. President Donald Trump canceled a planned June meeting with North Korean leader Kim Jong Un, while tariff fears hit auto ...
Shares sank worldwide on Thursday as U.S. President Donald Trump canceled a planned June meeting with North Korean leader Kim Jong Un, while tariff fears hit auto stocks and safety buying ramped up. Trump, in a letter to North Korea released by the White House, called off the June 12 summit, citing "tremendous anger and open hostility" in a recent statement by Pyongyang. The cancellation came even after North Korea followed through on a pledge to blow up tunnels at its nuclear test site.
U.S. stocks finish in the red on Thursday as a sharp decline in the energy-related shares pressured the broader market.
Global Markets Are Impacted by US Auto Tariff Threats on May 24Economic calendar 7:30 AM EST: ECB’s policy meeting summary 8:30 AM EST: US initial jobless claims 10:00 AM EST: US existing home sales (April) 10:30 AM EST: FOMC member Bostic speaks 1:00 PM EST: Bank of England governor Carney speaks 2:00 PM EST: FOMC member Harker speaks 7:30 PM EST: Japan’s Tokyo core consumer price index (May)
World stocks slipped lower Thursday as investors reacted to yet another salvo in the renewed global trade war from President Donald Trump, although an easing of the U.S. dollar added some support to beaten down emerging market shares following a dovish statement on interest rates from the Federal Reserve. President Trump said Wednesday that he will launch a national security investigation into car and truck imports under Section 232 of the Trade Expansion Act, the same pretext he used to slap 25% tariffs on non-American steel and aluminium earlier this year. "There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry," Commerce Secretary Wilbur Ross said in a statement.
BANGKOK (AP) — World stock markets were subdued Thursday as carmakers' shares fell after the Trump administration said it was investigating imposing new tariffs on imports of autos and auto parts.
Toyota, Honda, Kia among big losers as U.S. weighs 25% tariff on auto importsAFP/Hyundai vehicles are parked for shipping at the port of Ulsan, South Korea. Asian stock markets were mixed Thursday, as dovish news from the U.S. Federal Reserve was overshadowed by growing trade concerns, particularly after reports that the Trump administration was weighing new tariffs of up to 25% on auto imports. Automakers led the losses, with Toyota Motor Corp. (7203.T) , Honda Motor Co. (7267.T) and Nissan Motor Co. (7201.T) all down around 3%.
Investing.com – Asian equities were mostly lower in afternoon trade on Thursday amid renewed China-U.S. tension, while automakers underperformed after U.S. President Trump ordered the Commerce Department to consider a probe into automobile imports, which could lead to potential fresh tariffs on foreign vehicles.
U.S. stock index futures pointed to a lower open Thursday morning, as investors monitored a fresh batch of corporate earnings and economic data.
Global shares were on the mend on Friday as Pyongyang's measured response to U.S. President Donald Trump's announcement to call off a key summit with North Korea healed market sentiment. As Ciara Lee reports, some investors appear to be getting accustomed to the U.S. leader's sudden moves.