Tech stocks rebounded on Monday, with the Nasdaq Composite climbing 1.6% and the S&P 500 adding 0.7% as bargain hunters took advantage of discounted prices, despite the 10-year Treasury yield reaching its highest level since 2007. Palo Alto Networks saw a significant surge after reporting higher-than-expected earnings and revenue, indicating strong demand for its artificial intelligence security operations platform.
Asian stock markets rebounded from an eight-day losing streak, supported by a recovery in Chinese shares, while benchmark Treasury yields reached a 16-year high on concerns of sustained high interest rates.
The S&P 500 has fallen nearly 5% in August, and opinions on whether stocks will rebound are divided among Wall Street firms and market commentators, with some, like Goldman Sachs and Fundstrat, remaining optimistic while others, including Michael Burry and David Rosenberg, are bearish.
Hong Kong stocks rebounded as traders considered the recent market slump to be excessive, with Chinese tech leaders such as Alibaba, AIA, and NetEase leading the way.
Summary: U.S. markets closed mixed on Tuesday as the Nasdaq saw slight gains thanks to tech stocks while financials dragged on other indexes after major U.S. banks were hit with another downgrade from a credit rating agency. Meanwhile, China took steps to stabilize its currency amid weakening economic conditions and deteriorating credit conditions.
U.S. stocks closed higher as shares of Nvidia surged ahead of their quarterly results, boosting tech stocks and extending the year's rally, while weak business activity data and falling Treasury yields also supported the market.
US stocks recover from early losses but end the week with sharp drops as the August slump continues, while investors consider the possibility of higher interest rates and concerns over China's economic troubles.
The U.S. stock market closed lower as an earlier rally driven by Nvidia's earnings report fizzled out, while treasury yields increased, and the S&P 500 is on track to end its five-month winning streak, with concerns over the Federal Reserve Chair Jerome Powell's speech at Jackson Hole weighing on investors.
U.S. stocks opened higher following the Dow Jones Industrial Average's recovery from its worst day in five months as investors awaited Federal Reserve Chairman Jerome Powell's speech at Jackson Hole.
Stocks rebounded after Fed Chair Jerome Powell indicated that the central bank is prepared to raise interest rates further, providing a cautious but ultimately optimistic outlook on the economy.
The S&P 500 and Nasdaq closed higher for the week despite a pullback, while the Dow Jones Industrial Average closed lower for the second consecutive week.
Chinese stocks rebounded briefly after Beijing implemented measures to halt the slide, but foreign investors used the opportunity to unload $1.1 billion of mainland Chinese equities, reflecting ongoing nervousness about holding capital in China.
Stocks closed higher on Wednesday after revised GDP data showed that the US economy grew slower than previously estimated, while signs of a slowdown in the labor market have heightened hopes for a "soft landing" for the economy.
U.S. stocks ended the week with solid gains, but mixed trading, as traders weigh whether the soft economic data will convince the Federal Reserve to hold off on further rate hikes.
Stocks closed mixed on Friday after the US unemployment rate showed a surprise jump, with the tech-heavy Nasdaq closing flat, the S&P 500 eking out a modest gain, and the Dow Jones leading the session with a 0.3% increase; all three indices ended the month with losses.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
China's stock market rebound may be temporary as corporate earnings continue to decline and companies revise down their outlooks, causing concern for foreign funds and prompting Bank of America to urge caution.
Stocks opened higher on Friday, with the Nasdaq rebounding from Apple's slide, following hints that the Federal Reserve may delay interest rate hikes in September.
The stock market ended the week on a positive note, with gains in mega-cap tech stocks like Apple, Amazon, and Microsoft helping the Nasdaq Composite avoid a fifth straight loss, while the Dow Jones and S&P 500 also had slight gains; however, all three benchmarks closed the week in negative territory.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
The stock market opened positively, with the Nasdaq up 0.6%, but later faded; major indexes are below their 50-day moving averages as investors await key economic data midweek.
U.S stocks are recovering from losses, with the S&P 500 and Dow Jones Industrial Average both up 0.4%, as tech stocks lead the market higher and investors await key data on inflation this week.
Stocks closed relatively unchanged on Monday as investors await the upcoming Federal Reserve meeting, which will determine the central bank's next interest rate decision, amidst easing core inflation and a cooling labor market.
Stocks took a hit last week, with the S&P 500 and Nasdaq decreasing, while the dollar shows potential for a major breakout and rising interest rates pose more trouble for stocks.
The US stock markets closed in the red following a turbulent week, with the S&P 500 and Nasdaq experiencing their steepest declines since March, and Asian stocks facing a downtrend due to concerns over increasing interest rates.
Stocks closed mixed on Wednesday, with the S&P 500 barely in the green, as investors continue to digest the implications of the Federal Reserve's higher for longer stance on interest rates. The Dow Jones Industrial Average dropped 0.2% and the Nasdaq Composite gained 0.2%. Meanwhile, oil prices hit fresh 2023 highs, and the possibility of a US government shutdown remains a concern.
Stocks were mixed with the Dow Jones slipping, the S&P 500 unchanged, and the Nasdaq adding, while oil prices surged and China Evergrande Group's shares were suspended due to the chairman being under police surveillance, all as the possibility of a U.S. government shutdown adds uncertainty to the market.
Stocks ended the day higher as the surge in oil, the dollar, and Treasury yields slowed down, with the Nasdaq rising 0.8%, the S&P 500 gaining 0.6%, and the Dow Jones Industrial Average rising 0.4%.
Latin American markets rebounded on Friday as the US dollar weakened, following a challenging quarter for emerging market stocks and currency indexes, which experienced their first quarterly decline since June 2020.
Global stocks rebounded after a nine-day losing streak, supported by a drop in oil prices and a retreat in US Treasury yields, while the dollar eased from a 10-month high.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
U.S. stocks showed mixed performance as Treasury yields rose and a government shutdown was averted, with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.3%, and the Nasdaq Composite up 0.4%.
The U.S. stock market ended mixed, with the S&P 500 remaining unchanged, while the Nasdaq saw gains due to Nvidia's shares jumping following Goldman Sachs' endorsement, and global markets experienced losses, including Japan's Nikkei 225, Australia's S&P/ASX 200, and Hong Kong's Hang Seng index.
Wall Street closed higher as the bond market loosened its grip on stocks, with the S&P 500 rising 0.8% and the Dow Jones Industrial Average rising 0.4%; tech stocks helped support the market after a previous decline, while Treasury yields eased and oil prices dropped.
Hong Kong stocks rebounded as buyers took advantage of the market sell-off, while Macau casinos saw gains due to strong visitor arrivals during the "golden week" holiday, and US equities also contributed to the positive sentiment.
Stocks on Wall Street opened lower after the US jobs report exceeded expectations, raising concerns that the Federal Reserve may raise interest rates; the Dow Jones was down 0.3%, the S&P 500 lost 0.4%, and the Nasdaq Composite dropped 0.5%.
The S&P 500 Index rebounded following a selloff as dip buyers found an overreaction to the blowout US jobs report, driving gains and reversing losses.
The stock market rebounded despite a strong jobs report and higher Treasury yields.
