Tokyo stocks closed higher on Thursday as investors took heart from gains in US tech shares after the Fed decided against any major changes to its monetary policy. The benchmark Nikkei 225 index rose 0.73 percent, or 200.76 points, to 27,782.42, while the broader Topix index gained 0.41 percent, or 7.78 points, to 1,927.43. “Rallies […]
Markets
Volatile trading day ends with bitcoin, Wall Street up, Asia down
Financial markets kicked off the week on a volatile note Monday, with bitcoin soaring and Wall Street reaching all-time highs while Asian stocks tumbled. The three major US indices again closed at records as big earnings announcements overcame fears that the Delta variant of Covid-19 could hold back the country’s economic recovery. US companies have […]
Tokyo stocks close up, hailing smooth start of Olympics
Tokyo stocks closed higher on Monday as investors took heart from rallies on Wall Street and welcomed the start of the Olympics without any major trouble. The benchmark Nikkei 225 index rose 1.04 percent, or 285.29 points, to 27,833.29. The broader Topix index gained 1.11 percent, or 21.21 points, to 1,925.62. It was the first […]
US stocks end volatile week at records, European shares also rise
US and European stocks enjoyed a banner Friday to close out a volatile week, helped by the eurozone’s economic recovery and anticipation of more blowout US earnings next week after this week’s positive round of results. All three major US indices closed at record highs, with the Dow Jones Industrial Average surging 0.7 percent to […]
Dow ends above 35,000 for first time as US stocks hit records
US stocks rocketed to fresh records Friday, with the Dow finishing above 35,000 for the first time, in anticipation of more blowout earnings next week after this week’s positive round of results. All three major indices finished the week at records, with the Dow Jones Industrial Average surging 0.7 percent to close at 35,061.55. The […]
European stocks sink at open on renewed virus fears
European stocks opened sharply lower Monday, mirroring losses elsewhere, as investors eyed the lifting of most Covid curbs in England and fretted over the spreading Delta variant. In initial deals, London’s benchmark FTSE 100 index dropped 1.2 percent to 6,926.70 points after the UK government lifted England’s daily pandemic curbs despite soaring infection rates. In […]
Tokyo shares open lower on shortened week
Tokyo stocks opened lower Monday as investors looked to major events slated over the week and with trading cut to three business days due to holidays as the Olympics starts. The benchmark Nikkei 225 index dropped 1.34 percent, or 376.08 points, to 27,627.00, while the broader Topix index lost 0.95 percent, or 18.28 points, to […]
US stocks end lackluster week on losing note
Wall Street stocks fell Friday, ending a lackluster week on a negative note amid uncertainty over the outlook for global growth and inflation. Analysts pointed to profit taking as a factor in Friday’s session and throughout the week following records earlier in the month. The losses pushed all three major indices into the red for […]
Stocks sag on concerns about Covid, global growth
Global stocks mostly fell Friday as worries about rising Covid-19 cases and their effect on global growth weighed on sentiment, pushing Wall Street into the red for the week. After data showed an unexpected rise in US retail sales, Wall Street pushed higher at the open. But markets soon tumbled into the red and losses grew […]
US stocks mostly fall in profit taking after records
Wall Street stocks mostly fell Thursday despite strong corporate results, with analysts pointing to profit taking after major indices hit records in anticipation of earnings season. All three major indices had finished at records last Friday and again Monday just ahead of Tuesday’s unofficial kickoff of earnings season. Wall Street has been bullish on the […]