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Economic Times
a day ago
- Business
- Economic Times
S&P 500 ends slightly up; traders watch US-China trade talks
American stock market saw a slight increase. Amazon and Alphabet shares helped. Investors are watching discussions between America and China about trade. Both countries want to fix their trade issues. Technology giant plans to invest in Pennsylvania. Apple's new software did not excite investors. Warner Bros Discovery will separate its studios from cable networks. Morgan Stanley has downgraded McDonald's stock. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The S&P 500 ended slightly higher on Monday, lifted by Amazon and Alphabet , while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the officials from both countries have kicked off discussions, looking to get back on track with a preliminary trade agreement struck last month that had briefly cooled tensions between the world's largest economies."The market deems any dialogue with Beijing as progress, whether or not it leads to tangible results. The market is just going to take the administration's word for it, until proven otherwise," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, and Google parent Alphabet each gained more than 1% and helped keep the S&P 500 in positive said it plans to invest at least $20 billion in Pennsylvania to expand data center infrastructure, adding to the billions of dollars the technology giant has committed to the expansion of artificial dipped 1.2% after the iPhone maker kicked off its annual software developer conference with incremental developments that did little to impress S&P 500 climbed 0.09% to end the session at 6,005.88 Nasdaq gained 0.31% to 19,591.24 points, while the Dow Jones Industrial Average ended essentially unchanged at 42,761.76 the 11 S&P 500 sector indexes, six declined, led lower by utilities, down 0.66%, followed by a 0.55% loss in of more trade deals between the U.S. and its major trading partners, along with upbeat earnings and tame inflation data, helped U.S. equities rally in May, with the S&P 500 and the tech-heavy Nasdaq notching their best monthly gains since November S&P 500 remained about 2% below its all-time high touched in February, while the Nasdaq is about 3% below its December record high. Warner Bros Discovery fell about 3% after the company said it would separate its studios and streaming business from its struggling cable television networks. Immediately after the announcement, it had surged as much as 13%.Shares of McDonald's dipped 0.8% after Morgan Stanley downgraded the fast-food restaurant to "equal-weight" from "overweight". Robinhood Markets dropped almost 2% after S&P Dow Jones Indices left S&P 500 constituents unchanged in its latest rebalancing, following recent speculation that the online brokerage would be added to the benchmark data releases this week include readings on May consumer prices on Wednesday and initial jobless claims on Thursday. While investors widely expect the Federal Reserve to keep interest rates unchanged next week, focus will be on any signs of pick-up in inflation as Trump's tariffs risk raising price issues outnumbered falling ones within the S&P 500 by a 1.1-to-one Sundefined the Nasdaq recorded 97 new highs and 46 new on U.S. exchanges was relatively light, with 17.1 billion shares traded, compared to an average of 17.8 billion shares over the previous 20 sessions.
Time of India
a day ago
- Business
- Time of India
S&P 500 ends slightly up; traders watch US-China trade talks
American stock market saw a slight increase. Amazon and Alphabet shares helped. Investors are watching discussions between America and China about trade. Both countries want to fix their trade issues. Technology giant plans to invest in Pennsylvania. Apple's new software did not excite investors. Warner Bros Discovery will separate its studios from cable networks. Morgan Stanley has downgraded McDonald's stock. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The S&P 500 ended slightly higher on Monday, lifted by Amazon and Alphabet , while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the officials from both countries have kicked off discussions, looking to get back on track with a preliminary trade agreement struck last month that had briefly cooled tensions between the world's largest economies."The market deems any dialogue with Beijing as progress, whether or not it leads to tangible results. The market is just going to take the administration's word for it, until proven otherwise," said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, and Google parent Alphabet each gained more than 1% and helped keep the S&P 500 in positive said it plans to invest at least $20 billion in Pennsylvania to expand data center infrastructure, adding to the billions of dollars the technology giant has committed to the expansion of artificial dipped 1.2% after the iPhone maker kicked off its annual software developer conference with incremental developments that did little to impress S&P 500 climbed 0.09% to end the session at 6,005.88 Nasdaq gained 0.31% to 19,591.24 points, while the Dow Jones Industrial Average ended essentially unchanged at 42,761.76 the 11 S&P 500 sector indexes, six declined, led lower by utilities, down 0.66%, followed by a 0.55% loss in of more trade deals between the U.S. and its major trading partners, along with upbeat earnings and tame inflation data, helped U.S. equities rally in May, with the S&P 500 and the tech-heavy Nasdaq notching their best monthly gains since November S&P 500 remained about 2% below its all-time high touched in February, while the Nasdaq is about 3% below its December record high. Warner Bros Discovery fell about 3% after the company said it would separate its studios and streaming business from its struggling cable television networks. Immediately after the announcement, it had surged as much as 13%.Shares of McDonald's dipped 0.8% after Morgan Stanley downgraded the fast-food restaurant to "equal-weight" from "overweight". Robinhood Markets dropped almost 2% after S&P Dow Jones Indices left S&P 500 constituents unchanged in its latest rebalancing, following recent speculation that the online brokerage would be added to the benchmark data releases this week include readings on May consumer prices on Wednesday and initial jobless claims on Thursday. While investors widely expect the Federal Reserve to keep interest rates unchanged next week, focus will be on any signs of pick-up in inflation as Trump's tariffs risk raising price issues outnumbered falling ones within the S&P 500 by a 1.1-to-one Sundefined the Nasdaq recorded 97 new highs and 46 new on U.S. exchanges was relatively light, with 17.1 billion shares traded, compared to an average of 17.8 billion shares over the previous 20 sessions.
The Star
a day ago
- Business
- The Star
S&P 500 ends slightly up; traders watch US-China trade talks
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, May 19, 2025.- Photographer: Michael Nagle/Bloomberg The S&P 500 ended slightly higher on Monday, lifted by Amazon and Alphabet, while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the year. Top officials from both countries have kicked off discussions, looking to get back on track with a preliminary trade agreement struck last month that had briefly cooled tensions between the world's largest economies. "The market deems any dialogue with Beijing as progress, whether or not it leads to tangible results. The market is just going to take the administration's word for it, until proven otherwise.' said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma. Amazon and Google parent Alphabet each gained and helped lift the S&P 500. said it plans to invest at least $20 billion in Pennsylvania to expand data center infrastructure, adding to the billions of dollars the technology giant has committed to the expansion of artificial intelligence. Apple dipped after the iPhone maker kicked off its annual software developer conference with incremental developments that did little to impress investors. According to preliminary data, the S&P 500 gained 3.84 points, or 0.06%, to end at 6,004.20 points, while the Nasdaq Composite gained 57.93 points, or 0.30%, to 19,587.89. The Dow Jones Industrial Average fell 8.82 points, or 0.02%, to 42,754.05. Expectations of more trade deals between the U.S. and its major trading partners, along with upbeat earnings and tame inflation data, helped U.S. equities rally in May, with the S&P 500 and the tech-heavy Nasdaq notching their best monthly gains since November 2023. The S&P 500 remained about 2% below its all-time high touched in February, while the Nasdaq is about 3% below its December record high. Warner Bros Discovery fell after the company said it would separate its studios and streaming business from its struggling cable television networks. Immediately after the announcement, it had surged as much as 13%. Shares of McDonald's dipped after Morgan Stanley downgraded the fast-food restaurant to "equal-weight" from "overweight". Robinhood Markets dropped after S&P Dow Jones Indices left S&P 500 constituents unchanged in its latest rebalancing, following recent speculation that the online brokerage would be added to the benchmark index. Major data releases this week include readings on May consumer prices on Wednesday and initial jobless claims on Thursday. While investors widely expect the Federal Reserve to keep interest rates unchanged next week, focus will be on any signs of pick-up in inflation as Trump's tariffs risk raising price pressures. - Reuters
CNA
22-05-2025
- Business
- CNA
Treasury yields ease with US stocks flat to up; investors assess US tax bill
NEW YORK : Thirty-year U.S. bond yields reached their highest level in 19 months before easing on Thursday, with worries lingering over the U.S. fiscal outlook and demand for government debt, while stocks on Wall Street ended flat to slightly higher. The U.S. dollar strengthened after recent losses. Yields rose earlier after the U.S. House of Representatives passed President Donald Trump's tax bill by a single vote, adding to worries about the country's debt load. Moody's late last week became the last of the major credit rating agencies to strip the U.S. of its coveted triple-A status. The recent selloff sent bond prices lower, which attracted some buyers. Yields, which move inversely to prices, dipped. The 30-year bond yield was down 3.7 basis points at 5.0521 per cent late Thursday. The yield on benchmark U.S. 10-year notes was down to 4.551 per cent. During the session it had reached 4.629 per cent, the highest since February 12. The Nasdaq ended higher, while the S&P 500 and Dow finished flat, following sharp declines in the previous session. Shares of Nvidia were up 0.8 per cent, while Alphabet climbed 1.4 per cent. "Tech is the market's security blanket at this point," said Jake Dollarhide, chief executive of Longbow Asset Management in Tulsa, Oklahoma. "It's seen as the leader." The Dow Jones Industrial Average fell 1.35 points to 41,859.09, the S&P 500 fell 2.60 points, or 0.04 per cent, to 5,842.01 and the Nasdaq Composite rose 53.09 points, or 0.28 per cent, to 18,925.74. Shares of solar energy companies fell as Trump's tax bill is expected to end a number of green-energy subsidies. First Solar shares ended down 4.3 per cent. The bill would deliver new tax breaks on tips and car loans and boost spending on the military and border enforcement. The Congressional Budget Office estimates Trump's tax-cut bill will add $3.8 trillion to the $36.2 trillion in U.S. debt over the next decade. Soft demand for a $16 billion sale of 20-year bonds on Wednesday increased concerns about reduced interest in U.S. debt. Benchmark 10-year yields and 30-year yields have both risen by around 50 basis points this month. "The Treasury market is looking for a circuit breaker," said Ed Al-Hussainy, senior rates analyst at Columbia Threadneedle Investments. Among other things, "this can come in the form of poor labor market data to bring forward (Federal Reserve) cuts and trigger a reassessment of the strength of the economy." Also on Thursday, German long-term bond yields hit a two-month high. MSCI's gauge of stocks across the globe fell 2.94 points, or 0.34 per cent, to 871.01. The pan-European STOXX 600 index fell 0.64 per cent. Data showed Britain's government borrowed more than expected in April, euro zone business activity unexpectedly slipped back into contraction territory. The euro stumbled after the data, while the U.S. dollar rose after three days of losses. The euro was last down 0.41 per cent at $1.1283. Against the Japanese yen, the dollar strengthened 0.29 per cent to 144.08. Bitcoin, meanwhile, rose again to an all-time high, partly as investors sought out alternatives to U.S. assets. Bitcoin was last up 3.25 per cent at $111,795.31. A report that OPEC+ is discussing a production increase for July weighed on oil prices. Brent futures fell 47 cents, or 0.72 per cent, to settle at $64.44 a barrel. U.S. West Texas Intermediate crude eased 37 cents, or 0.6 per cent, to settle at $61.20.
CNA
22-05-2025
- Business
- CNA
Treasury yields slip, US stocks rise with tech; investors assess US tax bill
NEW YORK/LONDON :Thirty-year U.S. yields reached their highest level in 19 months before easing on Thursday, with worries lingering over the U.S. fiscal outlook and demand for government debt, while Wall Street stocks edged higher with gains in tech-related shares. The U.S. dollar strengthened after recent losses. The U.S. House of Representatives passed President Donald Trump's tax bill by a single vote, adding to worries about the country's debt load. The bill would deliver new tax breaks on tips and car loans and boost spending on the military and border enforcement. Moody's late last week became the last of the major credit rating agencies to strip the U.S. of its coveted triple-A status. Thirty-year U.S. yields were last down 3.2 basis points at 5.0573 per cent. Soft demand for a $16 billion sale of 20-year bonds on Wednesday increased concerns about reduced interest in U.S. debt. Earlier, benchmark German 20-year yields reached their highest in two months. U.S. stocks were higher on Thursday after falling sharply in the previous session. "It's amazing how resilient this (stock) market can be... given all of the uncertainty and potential bad news out there," said Jake Dollarhide, chief executive of Longbow Asset Management in Tulsa, Oklahoma. "Tech is the market's security blanket at this point." The Dow Jones Industrial Average rose 51.28 points, or 0.12 per cent, to 41,912.24, the S&P 500 was up 8.79 points, or 0.15 per cent, at 5,853.45 and the Nasdaq Composite gained 118.49 points, or 0.63 per cent, to 18,990.84. Shares of Alphabet climbed 2.5 per cent, with the communication services sector up 0.9 per cent. MSCI's gauge of stocks across the globe fell 1.92 points, or 0.22 per cent, to 872.01. The pan-European STOXX 600 index slipped 0.72 per cent. Britain's government borrowed more than expected in April, figures showed, while euro zone business activity unexpectedly slipped back into contraction territory. The euro stumbled after the data, while the U.S. dollar rose after three days of losses. The euro was down 0.44 per cent at $1.1279. In late morning trading in New York, the dollar edged up 0.1 per cent to 143.75 yen after earlier dropping to 142.80, its weakest level since May 7. Bitcoin, meanwhile, rose again to an all-time high, partly as investors sought out alternatives to U.S. assets. The non-partisan Congressional Budget Office estimates Trump's tax-cut bill will add $3.8 trillion to the $36.2 trillion in U.S. debt over the next decade. A report that OPEC+ is discussing a production increase for July weighed on oil prices.
