Latest news with #NasdaqComposite
Time of India
3 hours ago
- Business
- Time of India
US Stocks: S&P 500 ends near flat but posts biggest monthly percentage gain since November 2023
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT NEW YORK - The S&P 500 ended a volatile session little changed on Friday as U.S. President Donald Trump slammed China before sounding upbeat about reaching a trade deal , but the benchmark index tallied its biggest monthly increase since November Nasdaq also registered its biggest monthly percentage gain since November was a choppy month for stocks as Trump's erratic trade policies kept investors on edge, but his softening tariff stance, along with upbeat earnings and tame inflation data, helped the S&P 500 rebound from its April Friday, all three major stock indexes opened lower after Trumpaccused China on his Truth Social platform of breaching a trade agreement with the U.S. and issued a new veiled threat to get tougher with the market pared losses as Trump said on Friday afternoon he will speak to China's President Xi Jinping and hopefully work out their differences on trade and said the constant stream of tariff news is "don't know how to react to tariff" news at this point, said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma. "The news cycle is maddening."The Dow Jones Industrial Average rose 54.34 points, or 0.13%, to 42,270.07. The S&P 500 lost 0.48 points, or 0.01%, at 5,911.69 and the Nasdaq Composite fell 62.11 points, or 0.32%, to 19, S&P 500 also finished Friday with a weekly gain that lifted it less than 4% from its February all-time high. The benchmark index rose about 6.2% in May, while the Nasdaq surged 9.6% for the month."February, March and April was one of the worst three-month periods since COVID, so we needed some gains," Dollarhide the effective U.S. tariff on imports was 2% to 3% before Trump took office, it stands at about 15%, according to Oxford Research estimates. This would have been lowered to about 6% by a trade court ruling, but an appeals court's emergency stay has kept the higher rate in place for on Friday also digested data showing U.S. consumer spending increased 2.1% year-on-year in April after advancing 2.3% in March. The Federal Reserve tracks the PCE price measures for its 2% inflation maintained bets that the U.S. central bank would cut its target for short-term borrowing costs in the earnings front, shares of Ulta Beauty jumped 11.8% after the cosmetics retailer raised its annual profit forecast after beating quarterly issues outnumbered advancers by a 1.14-to-1 ratio on the NYSE. There were 94 new highs and 62 new lows on the the Nasdaq, 1,849 stocks rose and 2,651 fell as declining issues outnumbered advancers by a 1.43-to-1 on U.S. exchanges was 19.34 billion shares, compared with the roughly 18 billion average for the full session over the last 20 trading days.
Time of India
3 hours ago
- Business
- Time of India
S&P 500 ends near flat but posts biggest monthly percentage gain since November 2023
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel NEW YORK - The S&P 500 ended a volatile session little changed on Friday as U.S. President Donald Trump slammed China before sounding upbeat about reaching a trade deal , but the benchmark index tallied its biggest monthly increase since November Nasdaq also registered its biggest monthly percentage gain since November was a choppy month for stocks as Trump's erratic trade policies kept investors on edge, but his softening tariff stance, along with upbeat earnings and tame inflation data, helped the S&P 500 rebound from its April Friday, all three major stock indexes opened lower after Trumpaccused China on his Truth Social platform of breaching a trade agreement with the U.S. and issued a new veiled threat to get tougher with the market pared losses as Trump said on Friday afternoon he will speak to China's President Xi Jinping and hopefully work out their differences on trade and said the constant stream of tariff news is "don't know how to react to tariff" news at this point, said Jake Dollarhide, CEO of Longbow Asset Management in Tulsa, Oklahoma. "The news cycle is maddening."The Dow Jones Industrial Average rose 54.34 points, or 0.13%, to 42,270.07. The S&P 500 lost 0.48 points, or 0.01%, at 5,911.69 and the Nasdaq Composite fell 62.11 points, or 0.32%, to 19, S&P 500 also finished Friday with a weekly gain that lifted it less than 4% from its February all-time high. The benchmark index rose about 6.2% in May, while the Nasdaq surged 9.6% for the month."February, March and April was one of the worst three-month periods since COVID, so we needed some gains," Dollarhide the effective U.S. tariff on imports was 2% to 3% before Trump took office, it stands at about 15%, according to Oxford Research estimates. This would have been lowered to about 6% by a trade court ruling, but an appeals court's emergency stay has kept the higher rate in place for on Friday also digested data showing U.S. consumer spending increased 2.1% year-on-year in April after advancing 2.3% in March. The Federal Reserve tracks the PCE price measures for its 2% inflation maintained bets that the U.S. central bank would cut its target for short-term borrowing costs in the earnings front, shares of Ulta Beauty jumped 11.8% after the cosmetics retailer raised its annual profit forecast after beating quarterly issues outnumbered advancers by a 1.14-to-1 ratio on the NYSE. There were 94 new highs and 62 new lows on the the Nasdaq, 1,849 stocks rose and 2,651 fell as declining issues outnumbered advancers by a 1.43-to-1 on U.S. exchanges was 19.34 billion shares, compared with the roughly 18 billion average for the full session over the last 20 trading days.
Business Insider
5 hours ago
- Business
- Business Insider
NVDA, TSLA, GOOGL: U.S. Stocks Post Best May Performance Since 1990
There's a saying on Wall Street called 'sell in May and go away' that refers to the tendency for equities to decline during the month. But not this year. Confident Investing Starts Here: As May 2025 draws to a close, the S&P 500 index is on pace for its best monthly performance since 2023. The benchmark index is also on track for its biggest gains during the month of May since 1990, according to Dow Jones Market Data. On the last trading day of the month, the S&P 500 is up 6% this May after plunging nearly 20% in April as U.S. President Donald Trump unveiled his tariff policies. Other U.S. indices also registered strong gains during May 2025, with the Nasdaq Composite index gaining nearly 10% as major technology names such as Nvidia (NVDA), Tesla (TSLA), and Alphabet (GOOGL) rebounded strongly from their April lows. NVDA and TSLA stocks each rose more than 20% in the month. The blue-chip Dow Jones Industrial Average increased 4% in May of this year. For U.S. equities, May has represented a big turnaround after the S&P 500 declined for three consecutive months. As President Trump eased many of his tariffs and entered into trade negotiations with different countries, including China, it has injected renewed confidence into the markets, say analysts. At the same time, economic data out of the U.S. has remained strong and showed signs of resilience. On May 30, the last trading day of the month, data showed that U.S. inflation declined to an annualized rate of 2.1% in April, lower than the consensus expectation of economists. Is GOOGL Stock a Buy? The stock of Alphabet has a consensus Strong Buy rating among 38 Wall Street analysts. That rating is based on 29 Buy and nine Hold recommendations issued in the last three months. The average GOOGL price target of $199.14 implies 17.31% upside from current levels.
New Straits Times
5 hours ago
- Business
- New Straits Times
Stocks unsettled after Trump accuses China of trade deal breach
NEW YORK: Global stocks finished mixed on Friday after President Donald Trump put US-China trade tensions back on the boil by claiming Beijing had "totally violated" an agreement with Washington. His social media post came hours after US Treasury Secretary Scott Bessent said trade talks with China aimed at putting to bed sky-high mutual tariffs – currently suspended – were "a bit stalled." The development risks renewed trade tensions between the world's two biggest economies. On Wall Street, the Dow Jones Industrial Average closed higher, while the S&P 500 index was flat, and the tech-focused Nasdaq Composite fell 0.3 per cent. "If it weren't for the trade war, the market would be feeling pretty good," said Tom Cahill of Ventura Wealth Management. "Inflation is definitely moving in the right direction," he added, referencing the Federal Reserve's favoured inflation gauge, which cooled more than expected last month, according to fresh data published Friday. In Europe, London and Germany's major indices ended higher, while France's CAC40 closed lower, following declines in Asian markets earlier in the day. "If President Trump does slap tariffs back on Chinese imports to the US... we may see demand for US assets, and the dollar, severely impaired by a chaotic and undiplomatic approach to trade policy," said Kathleen Brooks, research director at XTB. Despite rumbling concerns about the US-China economic relationship, the markets were little changed by Trump's criticism on social media, with investors appearing to be largely inured to the US president's now-familiar cycle of making dramatic trade threats and then retreating. Investors, traders and analysts instead focused on the Commerce Department's personal consumption expenditures (PCE) price index data, which rose 2.1 per cent in the 12 months to April – cooling slightly more than expected. Despite the good news for the Fed, which is looking to bring inflation down to its long-term target of two per cent, analysts warned that the fuller inflationary effects of Trump's tariffs were yet to come, and could cause the Fed to maintain its watch-and-wait stance. "The true weight of these policies is likely to emerge more fully in the months ahead," said market analyst Fawad Razaqzada. Investors were also assessing the impact of a US court ruling that invalidated most of Trump's sweeping tariffs – though an appeals court suspended that order and the White House vowed that its tariffs goals would be pursued one way or another. The result leaves Trump's tariff plans in something of "a legal limbo" said Stephen Innes, of SPI Asset Management, adding that this sort of legal impasse was "the kind that keeps traders awake at night." In the eurozone, interest rates were in focus after official data showed inflation hovering around the European Central Bank's two-per cent target. Consumer prices in top EU economy Germany showed a 2.1 per cent rise in May – the same as the previous month – while they fell to 1.9 per cent in Spain, and to 1.7 per cent in Italy. The ECB looks set to lower interest rates again on Thursday. The dollar gained against major currencies, while oil prices were down ahead of a Saturday meeting of eight key OPEC+ members to decide production quotas for July, with some analysts predicting that the cartel could make a larger-than-expected supply hike. New York - Dow: UP 0.1 per cent at 42,270.07 points (close) New York - S&P 500: DOWN less than 0.1 per cent at 5,911.69 (close) New York - Nasdaq Composite: DOWN 0.3 per cent at 19,113.77 (close) London - FTSE 100: UP 0.6 per cent at 8,772.38 (close) Paris - CAC 40: DOWN 0.4 per cent at 7,751.89 (close) Frankfurt - DAX: UP 0.3 per cent at 23,997.48 (close) Tokyo - Nikkei 225: DOWN 1.2 per cent at 37,965.10 (close) Hong Kong - Hang Seng Index: DOWN 1.2 per cent at 23,289.77 (close) Shanghai - Composite: DOWN 0.5 per cent at 3,347.49 (close) Euro/dollar: DOWN at US$1.1349 from US$1.1368 on Thursday Pound/dollar: DOWN at US$1.3463 from US$1.3494 Dollar/yen: DOWN at 143.97 yen from 144.19 yen Euro/pound: UP at 84.30 pence from 84.22 pence
The Star
6 hours ago
- Business
- The Star
Wall St Week Ahead: Jobs data, tax bill, trade to drive stocks
The US market closing in on record highs. — Reuters NEW YORK: Key US economic data, developments with federal tax-and-spending legislation and twists and turns on trade all are poised to influence equities in the coming week, with the US market closing in on record highs. The S&P 500 ended on Friday with a weekly gain and less than 4% from its February all-time high. The benchmark index rose about 6.2% in May, while the Nasdaq Composite surged 9.6%, with both indices tallying their biggest monthly increases since November 2023.
