OPEC+ hikes oil production by 547,000 barrels per day for September Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase its crude oil output. Dado Ruvic | Reuters OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the…
Stocks tumbled from record highs on Friday as data revealed the US labor market is not on as solid footing as previously thought. On the week, the S&P 500 (^GSPC) fell nearly 2.4%, while the Nasdaq Composite (^IXIC) slid 2.2% and the Dow Jones Industrial Average (^DJI) shed 1.2%. Markets will be greeted with a…
Asia-Pacific currencies mostly depreciate against the greenback Asia-Pacific currencies mostly depreciated against the greenback on Friday after U.S. President Donald Trump modified tariff rates on several countries. The U.S. dollar index, which measures the greenback against six major currencies, rose 0.11% to 100.73 as of 10:40 a.m. Singapore time (10:40 p.m. ET Thursday). The Japanese…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. Jeenah Moon | Reuters S&P 500 futures were little changed on Thursday night as traders digested the latest Big Tech earnings and awaited July’s jobs report. Futures tied to the broad market index were…
CoreWeave (CRWV) shares surged more than 12% Thursday on the heels of strong earnings reports from two of its customers, Microsoft (MSFT) and Meta (META). Microsoft is CoreWeave’s largest customer, accounting for 72% of its revenue in the burgeoning cloud provider’s most recent quarterly earnings report. Microsoft spent $88.2 billion in its fiscal year 2025,…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 30, 2025. Jeenah Moon | Reuters Stock futures rose Thursday following solid earnings reports from tech giants Microsoft and Meta Platforms. S&P 500 futures jumped 0.9%, and Nasdaq 100 futures climbed 1.31%. Futures tied to the…
Asia-Pacific markets start the day mixed Asia-Pacific markets opened mixed Thursday. Japan’s Nikkei 225 benchmark moved up 0.21% while the broader Topix index ticked up 0.28%, as of 8.10 a.m. Singapore time (8.10 p.m. ET Wednesday). In South Korea, the Kospi index fell 0.14% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark fell…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 11, 2025. Jeenah Moon | Reuters Stock futures were relatively unchanged on Monday on the heels of the S&P 500 and Nasdaq Composite eking out yet another record despite a market rally failing to materialize. S&P…
US stocks pointed mostly higher on Monday after the US and European Union struck a trade pact to lead off a packed week of Big Tech earnings, a Federal Reserve meeting, inflation data, the July jobs report, and President Trump’s Aug. 1 deadline to lock in key trade deals. The S&P 500 (^GSPC) and the…
Hong Kong stocks rise in early trade Hong Kong stocks started the day higher Monday, following mixed trading in the other key Asia-Pacific markets. As of 10 a.m. local time (10 p.m. ET Sunday), the Hang Seng Index added 0.49%. Meanwhile, mainland China’s CSI 300 traded flat as investors await more details on the U.S.-China talks which…