Page 6 - Wall Streets

Dow, S&P, Nasdaq decline after Trump announces fresh tariffs on Canada

Trump doubled his planned tariff on all steel and aluminum products coming into the US from Canada, bringing the total to 50 per cent

Nasdaq plunges 4% as tech dives, slowdown fears mount; Dow falls 1.54%

Crypto stocks fall on lower bitcoin prices; HSBC downgrades US stocks

Asian shares higher after Wall St losses wipe out post-election gains

Asian shares and US futures were mostly higher on Wednesday following a rocky session on Wall Street after Canada, Mexico and China were hit by steep US tariffs that took effect on Tuesday. Comments by US President Donald Trump in a speech to Congress and the nation appeared to have scant impact on world markets. The future for the S and P 500 was up 0.5 per cent, while that for the Dow Jones Industrial Average gained 0.4 per cent. China announced it intends to keep its economy growing at around a 5 per cent annual pace in 2025, in line with last year's target, as it opened the annual session of its largely ceremonial legislature. Premier Li Qiang also promised more government spending and other measures to support growth. Hong Kong's Hang Seng index jumped 2.6 per cent to 23,548.86, while the Shanghai Composite index climbed 0.6 per cent to 3,342.36. Tokyo's Nikkei 225 index edged 0.2 per cent higher to 37,418.24. In South Korea, the Kospi gained 1.2 per cent to 2,558.13, while ..

Wall Street's losing streak deepens as Donald Trump's tariffs kick in

Anxiety over tariffs is also bleeding into the corporate side of the economic equation

Wall St closes lower as Trump sets 25% tariffs, manufacturing data dips

Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25 per cent tariffs on Canada and Mexico will go into effect

Wall Street declines after discouraging February manufacturing data

An ISM survey showed manufacturing was steady in February, but a measure tracking forward-looking new orders contracted to 48.6 last month from 55.1 in January

Trump's 25% EU tariffs rattles European shares, Wall Street mixed

Trump also floated a 25 per cent "reciprocal" tariff on European cars and other goods

Walmart forecast profit, sales below Wall Street estimates, shares fall

The company forecast adjusted earnings per share for the fiscal year ending January 2026 in the range of $2.50 to $2.60, below analysts' expectations of $2.76

Yen surges, dollar weakens, Wall Street off the pace as Trump trades turn

The dollar was weakened by Federal Reserve policymakers discussing slowing or pausing the drawdown of its bloated balance sheet

Asian shares dip as S&P 500 continues its record rally on Wall Street

Asian shares traded mostly lower Thursday after a quiet day on Wall Street, where the S&P 500 added to its record. Worries about US President Donald Trump's tariff policies remain high on regional investors' minds. Japan's benchmark Nikkei 225 dropped 1.2% to finish at 38,678.04. Australia's S&P/ASX 200 declined 1.2% to 8,322.80, while South Korea's Kospi lost nearly 0.7% to 2,654.06. Hong Kong's Hang Seng dipped 1.3% to 22,640.18, after China left its benchmark interest rate unchanged, in a move it said was meant to maintain financial stability. The Shanghai Composite shed less than 0.1% to 3,349.60. The yuan has been under siege, with foreign-exchange outflows surging last month as Trump's tariff rhetoric sent shockwaves through markets, said Stephen Innes, managing partner at SPI Asset Management. On Wall Street, the S&P 500 rose 0.2% after setting an all-time high the day before. The Dow Jones Industrial Average picked up 71 points, or 0.2%, while the Nasdaq composite .

Asian stocks rise with Wall Street as dollar eases on US tariff plans

Trump's plans to impose reciprocal tariffs on every country taxing US imports have stoked concerns of a global trade war

Asian shares track Wall Street higher as treasury yields languish near lows

US Treasury yields were hovering near their lowest in over a month on Thursday, as investors pondered the outlook for rates in the world's largest economy

Wall Street indexes slip as Alphabet, AMD forecasts fan AI payoff concerns

Google-parent Alphabet dropped 8.3 per cent after posting downbeat cloud revenue growth and earmarking a higher-than-expected $75 billion for its AI buildout this year

Space systems maker Karman Holdings seeks up to $2.6 bn valuation in US IPO

The company and selling shareholders aim to raise up to $421 million by offering approximately 21 million shares priced between $18 and $20 each

JPMorgan's Sippel departs for Rokos; Pranav Thakur named markets chief

At JPMorgan, Thakur will take on his expanded role immediately, according to the bank's memo from commercial and investment bank co-heads Troy Rohrbaugh and Doug Petno

Cigna falls short of Q4 profit estimates due to higher medical costs

The plan, called "stop-loss insurance", entails the insurer covering for employers' self-funded plans when their costs surpass a certain threshold due to catastrophic or unexpected medical claims

Meta Platforms, Microsoft show AI spending can be double-edged sword

Top performer among the Magnificent Seven this month, Meta shares are up 14% in 2025, building on last year's rally of more than 65%. Microsoft has risen 2.8% this year, and only rose 12% over 2024

Global shares rise as Wall Street rally follows positive US inflation data

Global shares mostly rose Thursday, following a rally on Wall Street driven by encouraging update on US inflation. France's CAC 40 edged up 1.4% in early trading to 7,576.97, while Germany's DAX was down less than 0.1% at 7,576.97. Britain's FTSE 100 rose 0.7% to 8,355.34. The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average was nearly unchanged. In Asian trading, Japan's benchmark Nikkei 225 added 0.3% to finish at 38,572.60. Bank of Japan data showed wholesale prices in Japan rose 3.8% in December last year compared to a year earlier, adding to pressures on the central bank to raise interest rates, possibly at a monetary policy meeting next week. In China, the Hang Seng in Hong Kong gained 1.2% to 19,522.89, while the Shanghai Composite index rose nearly 0.3% to 3,236.03. Australia's S&P/ASX 200 surged 1.4% to 8,327.00. South Korea's Kospi gained 1.2% to 2,527.49. Treasury yields eased following an update on how much more US households had ..

Global stocks rise on US inflation data, upbeat fourth quarter earnings

Adding to the upbeat tone for the stock market were bumper fourth-quarter results from the likes of JPMorgan, which reported its biggest annual profit on record on Wednesday

Nvidia's $3 trillion rally faces challenges, Wall Street stays confident

That turbulence has been on display recently, with Nvidia shares slumping after a presentation by Chief Executive Officer Jensen Huang fell short of investors' high expectations