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Straits Times
5 days ago
- Business
- Straits Times
Singapore shares continue winning streak; STI up 0.7%
Find out what's new on ST website and app. SINGAPORE – The winning streak continues apace for local shares, with the bourse up for the fourth day straight on July 17. Investors clearly have the bit between their teeth given yet another bumper close for the benchmark Straits Times Index (STI), this time rising 0.7 per cent or 29.18 points to 4,161.43. Gainers left losers in the dust to the tune of 358 to 198 on trade of 1.9 billion securities worth $1.4 billion. DFI Retail Group led the STI winners, surging 4 per cent to US$3.12, while Thai Beverage was at the bottom of the table, down 1.1 per cent to 47 cents. Singtel was the most actively traded by volume, with 35.5 million shares done. The counter, which was trading on a cum-dividend basis, gained 3 per cent to $4.17. The STI's rise reflected a positive session both on Wall Street and most regional markets after US President Donald Trump backtracked on reports that he was planning to fire Federal Reserve chair Jerome Powell. The two have clashed over the pace of interest-rate cuts. US shares fell early on but rebounded on that Trump backtrack. The Dow Industrials added 0.5 per cent, the S&P 500 advanced 0.3 per cent and the Nasdaq rose 0.3 per cent to close at its third-straight record. Top stories Swipe. Select. Stay informed. Singapore Fatal abuse of Myanmar maid in Bishan: Traffic Police officer sentenced to 10 years' jail Singapore Man charged over manufacturing DIY Kpods at Yishun home; first such case in Singapore Singapore HSA launches anti-vaping checks near 5 institutes of higher learning Business 5 things to know about Kuok Hui Kwong, tycoon Robert Kuok's daughter and Shangri-La Asia head honcho Singapore Jail for elderly man for using knife to slash neighbour, who later died of heart disease Singapore $7,000 fine for eatery chain involved in ByteDance food poisoning case World UK to lower voting age to 16 in landmark electoral reform Opinion Grab tried to disrupt taxis. It now wants to save them Regional bourses mostly rose. Japan's Nikkei 225 added 0.6 per cent, South Korea's Kospi advanced 0.2 per cent and the ASX 200 in Australia gained 0.9 per cent for its best day in three weeks. Market fluctuations showed that Mr Trump's attempt to challenge the Fed's independence was not welcome, said Mr Vishnu Varathan at Mizuho Securities.
Business Insider
6 days ago
- Business
- Business Insider
Closing Bell Movers: Archer Daniels slips 6% on Trump's Coke comment
In the opening hour of the evening session, U.S. equity futures are all down a marginal 0.1%, with S&P 500 just below 6,300, Nasdaq 100 just above 23,000, and Dow Industrials just shy of 44,400. In commodities, WTI Crude Oil briefly broke below the $66 level but bounced higher in latter part of the session, while Gold and Silver recovered some ground after two consecutive declining sessions. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Healthcare was the best performing sector on the S&P 500 on Wednesday, helped by stronger than expected results from Johnson & Johnson (JNJ) – that stock was one of just two names in the index to end the day up by more than 6%. Real Estate also performed well as rates came down despite the increase in tension between the White House and the Fed – Trump was reported ready to follow through on firing Fed Chair Powell before backing away on suggestion by Treasury Secy. Bessent. Among key earnings, United Airlines did not have the same fortune as Delta's performance last quarter as the airline missed on both the top and bottom lines while cutting guidance. Also of note, Alcoa was up slightly despite a Q2 earnings miss. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – Monarch Casino & Resort (MC RI) up 15.6% AAR Corp. (AIR) up 3.8% Synovus Financial (SNV) up 1.7% SL Green Realty (SLG) up 1.2% Alcoa (AA) up 0.7% Kinder Morgan (KMI) up 0.2% ALSO HIGHER – Sarepta Therapeutics (SRPT) up 35.0% after announcing strategic restructuring and job cuts DOWN AFTER EARNINGS – Triumph Financial (TFIN) down 5.5% First Industrial Realty Trust (FR) down 2.7% United Airlines (UAL) down 1.5% ALSO LOWER – BRC Inc. (BRCC) down 6.6% Archer-Daniels-Midland (ADM) down 5.8% after Trump says Coke (KO) to use real sugar Starwood Property Trust (STWD) down 3.3% after equity offering Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
7 days ago
- Business
- Business Insider
Closing Bell Movers: Victory Capital gains on S&P 400 inclusion
In the opening 90 minutes of the evening session, U.S. equity futures are down slightly with a 0.2% decline in S&P 500, Nasdaq 100, and Dow Industrials. In Energy, WTI Crude remains below $67 per barrel following a very large build crude stocks reported by API, while Metals are little changed after second consecutive session of losses in Gold and Silver. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Financials, Materials, and Health Care led the S&P 500 to the downside, while Tech – particularly large/mega-cap – remained resilient. Nvidia (NVDA) made new all-time highs with a 4% gaining session and 5 out of 7 Mag-7 names ended the day higher despite the selloff in the broader index. Reporting financials, especially Blackrock (BLK) and Wells Fargo (WFC) were softer after their Q2 numbers. Sentiment was also weighed down by the uptick in June CPI data, with expectations of the start of Fed easing by September no longer looking like a slam dunk, according to Fed Funds futures markets. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER –
Business Insider
10-07-2025
- Business
- Business Insider
Closing Bell Movers: Ultragenyx slumps 25% on UX143 recommendation
In the opening hour of the evening session, U.S. equity futures are little changed, with S&P 500 above 6,300, Dow Industrials up a decimal at 44,760, and Nasdaq 100 above 23,000. In commodities, WTI Crude Oil remains bid above $68 per barrel amid the ongoing Red Sea turbulence after Houthi militants attacked and sank a second ship this week. Precious metals remain subdued above $3,300 for Gold and $36.80 for Silver, though Copper remain volatile, opening the session with fresh strength above $5.50. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Utilities, Tech, and Communication Services were the best performing sectors in the S&P 500 on Wednesday, supported by lower Treasury yields following a decent 10-year bond auction and Fed minutes foreshadowing interest rate cuts later this year. The VIX was below 16 for the first time since February, while the CME FedWatch tool expectations for 3 or more rate cuts by 2025-end rose to 35%, with the base case still at two easings starting in September. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – Nurix Therapeutics (NRIX) up 10.2% Bassett Furniture (BSET) up 3.0% ALSO HIGHER – WK Kellogg (KLG) up 54.9% after WSJ report of takeover talks by Ferrero PTC Inc. (PTC) up 17.7% just before close on Bloomberg report of potential Autodesk (ADSK) tieup Personalis (PSNL) up 7.5% after expansion of Tempus AI strategic collaboration Costco Wholesale Corporation (COST) up 1.1% after June sales data DOWN AFTER EARNINGS – Methode Electronics (MEI) down 14.0% AXT Inc (AXTI) down 9.5% after below-consensus Q2 pre-announcement ALSO LOWER – Ultragenyx Pharmaceutical (RARE) down 26.8%, Mereo BioPharma (MREO) down 35.7% after DMC recommendation to continue Orbit study evaluating UX143 in pediatric and young adult patients Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
09-07-2025
- Business
- Business Insider
Closing Bell Movers: AES Corp jumps 14% on takeover possibility
In the opening hour of the evening session, U.S. equity futures are marginally firmer, with S&P 500 and Nasdaq 100 up 0.1% while Dow Industrials are flat. In commodities, WTI Crude Oil is down slightly but still above $68 per barrel following a large build in crude oil reported by API. In precious metals, gold and silver are mixed with the former down slightly at $3,311 and the latter up near $37 per ounce. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Energy was the best performing sector on the S&P 500 on Tuesday amid reemerging macro tensions, with Yemen's Houthi militants attacking a commercial ship on Red Sea. Meanwhile, Staples and Utilities were lower, with yields on U.S. Treasuries up for the 5th straight session. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – Kura Sushi (KRUS) up 1.9% ALSO HIGHER – DOWN AFTER EARNINGS – Aehr Test Systems (AEHR) down 21.4% Penguin Solutions (PENG) down 7.7% ALSO LOWER –
