Stocks tumbled Tuesday as technology names struggled and new economic data rekindled fears around the health of the economy. The Dow Jones Industrial Average fell 626.15 points, or 1.51%, to end at 40,936.93. The S&P 500 slid 2.12%, closing at 5,528.93. The Nasdaq Composite dropped 3.26% and settled at 17,136.30. Stocks felt downward pressure as…
Gold held near a record high as traders waited for a US inflation print that may offer clues on the Federal Reserve’s rate-cutting path. Bullion was trading around $2,520 an ounce in Asia hours on pace for a second monthly gain ahead of the core personal consumption expenditures price index due later Friday. The report is expected…
Japan’s Topix gains as higher crude oil prices boost trading companies and mining-related firms, while defensive buying supports demand for drugmakers and gas companies. Topix rose 0.1% to 2,695.83 as of 9:26 a.m. Tokyo time. Nikkei 225 declined 0.1% to 38,319.10. Recruit Holdings contributed the most to the Topix’s gain, increasing 2.3%. Out of 2,132 stocks in…
The Hang Seng Index opened 0.9% higher, climbing 152.85 to 17,939.17, as stocks gain for the second straight day in Hong Kong. Meituan contributed the most to the index gain, increasing 2.7%. Li Auto Inc. had the largest increase, rising 5.7%. In early trading, 60 of 82 shares rose, while 18 fell; all sectors were…
Gold traded near its record high, on course for a monthly gain, ahead of US inflation data this week that may help to clarify the pace at which the Federal Reserve will ease policy. Bullion edged higher, hovering around $2,520 an ounce after declining on Wednesday. Figures due Friday are expected to show the three-month annualized rate of…
Oil prices steadied on Thursday, after two sessions of losses, as supply concerns over Libya returned to focus, while a smaller-than-expected draw in U.S. crude inventories sapped demand expectations. Brent crude futures slipped 7 cents, or 0.09%, to $78.58 a barrel by 0812 GMT, while U.S. West Texas Intermediate crude futures edged 1 cent lower,…
