Latest news with #NasdaqComposite
Business Times
an hour ago
- Business
- Business Times
US: Wall St opens higher as inflation data, earnings take centre stage
[NEW YORK] Wall Street's main indexes opened higher on Wednesday (Jul 16) as investors sifted through new inflation data and digested a fresh round of heavyweight earnings reports. At 9.30 am ET, the Dow Jones Industrial Average rose 156.35 points, or 0.36 per cent, to 44,179.64. The S&P 500 gained 17.45 points, or 0.28 per cent, to 6,261.21 and the Nasdaq Composite gained 50.34 points, or 0.24 per cent, to 20,728.14. REUTERS


Time of India
an hour ago
- Business
- Time of India
US stocks open higher as inflation data, earnings take center stage
Wall Street's main indexes opened higher on Wednesday as investors sifted through new inflation data and digested a fresh round of heavyweight earnings reports. At 9:30 a.m. ET, the Dow Jones Industrial Average rose 156.35 points, or 0.36%, to 44,179.64, the S&P 500 gained 17.45 points, or 0.28%, to 6,261.21 and the Nasdaq Composite gained 50.34 points, or 0.24%, to 20,728.14. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo


CNBC
2 hours ago
- Business
- CNBC
Things may be getting frothy on Wall Street as stocks trade near record highs
Wall Street is feeling good. Perhaps, too good. Ned Davis Research noted that its daily trading sentiment composite has entered "excessive optimism" territory after hitting an all-time low in early April — when President Donald Trump unveiled steep tariffs on imported goods into the U.S. Indeed, the S & P 500 hit an intraday record Tuesday, briefly topping 6,300 before ending the day lower. The Nasdaq Composite also hit an all-time high in the last session. This comes despite the Trump administration putting more pressure on other countries over trade. Trump on Saturday said the U.S. will impose a 30% tariff on the European Union and Mexico beginning Aug. 1. .SPX YTD mountain SPX year to date Ned Davis highlighted other worrying signs: Rising speculation in leveraged long funds A spike higher in ETF flows over the past four weeks S & P 500 price-to-sales ratio at a record high To be sure, there are some counterintuitive positives that can keep the stock market going higher, including consumer pessimism about the economy and the direction of stocks over the next 12 months. These "offsets" are keeping Ned Davis Research bullish on equities despite the frothy signs, the firm said in the note. NDR added that it has "tested our sentiment polls after extreme pessimism and after breadth thrusts with breakaway upside momentum, and in most cases, the first move to excessive optimism was a fake signal." That said, investors should tread carefully as an escalation in trade negotiations could knock stocks from these levels. There's also the earnings issue. Corporate America is in the middle of reporting second-quarter results, with big banks such as Goldman Sachs , JPMorgan Chase and Morgan Stanley posting their numbers this week. If companies cannot meet already muted expectations for the season, it could spark a selling spree on the Street as the current sky high valuations are called into question.


New Straits Times
7 hours ago
- Business
- New Straits Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
TOKYO: Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. The Nikkei inched 0.04 per cent lower at 39,663.4. The broader Topix fell 0.21 per cent to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75 per cent and 0.64 per cent, respectively, to track Nvidia's 4 per cent gain overnight. Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09 per cent after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. Uniqlo-brand owner Fast Retailing slipped 0.91 per cent to weigh on the Nikkei the most. Toyota Motor lost 0.89 per cent even as the yen fell to a more than three-month low against the dollar. "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with US Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25 per cent.

Economic Times
7 hours ago
- Business
- Economic Times
Japan's Nikkei ends flat as election, tariff worries overshadow chip stocks' gains
Japan's Nikkei share average ended flat on Wednesday, as concerns surrounding the elections to the upper house and the fate of trade negotiations with the United States overshadowed gains from chip-related shares. ADVERTISEMENT The Nikkei inched 0.04% lower at 39,663.4. The broader Topix fell 0.21% to 2,819.4. "Investors have excuses for not buying or selling stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. "They are cautiously awaiting the outcome of the upper house election, while the outlook of the trade talks between is not clear even as the deadline approaches." Opinion surveys suggest Prime Minister Shigeru Ishiba's coalition may lose its majority in the elections scheduled for July 20, forcing it to court an array of smaller parties pushing for easier fiscal and monetary policy. Chip-related heavyweights Tokyo Electron and Advantest rose 1.75% and 0.64%, respectively, to track Nvidia's 4% gain overnight. ADVERTISEMENT Nvidia unveiled plans to resume sales of its H20 AI chip to China, pushing the Nasdaq Composite to end at another record high. Toho jumped 10.09% after the creator of the "Godzilla" movie franchise raised its annual net profit forecast. ADVERTISEMENT Uniqlo-brand owner Fast Retailing slipped 0.91% to weigh on the Nikkei the most. Toyota Motor lost 0.89% even as the yen fell to a more than three-month low against the dollar. ADVERTISEMENT "Investors could not buy Toyota despite the yen's weakness because they are concerned about the tariff negotiations," said Kamada. Local media reported Prime Minister Shigeru Ishiba is arranging to meet with U.S. Treasury Secretary Scott Bessent in Tokyo on Friday ahead of an August 1 deadline to strike a trade deal with the United States, else face punishing tariff of 25%. (You can now subscribe to our ETMarkets WhatsApp channel)