U.S. Stocks Flat to Slightly Lower After Weak Earnings, Turkey Turmoil

U.S. stocks opened flat to slightly lower Friday, dinged after a round of disappointing corporate earnings and renewed pressure on Turkey’s lira.

The S&P 500 fell 0.1% to 2,837.54, while the Dow industrials were up 9 points, or less than 0.1%, at 25,567. The Nasdaq Composite lost 0.1% to 7,798.14.

Tech stocks were under pressure, with shares of Nvidia Corp., down 3.1%, and Applied Materials Inc., off more than 8%, after reporting earnings late Thursday. Shares of farm-equipment maker Deere & Co. fell 2.8% after providing a downbeat growth outlook.

Source : Market Watch

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Shanghai stocks end at 31-month low as healthcare firms slump

Shanghai stocks closed at a near 31-month low on Friday, dragged down by a slump in healthcare firms amid a vaccine scandal fallout, but planned talks between the United States and China helped ease trade war fears.

The blue-chip CSI300 index ended 1.5 percent down at 3,229.62 points, while the Shanghai Composite Index closed down 1.3 percent at 2,668.97 points.  Both indexes posted their fifth straight day of losses.

Reuters

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Hong Kong stocks end losing streak

Hong Kong stocks ended with gains on Friday after five straight days of losses, tracking rebounds by Wall Street and European markets over news of fresh US-China trade talks.

The Hang Seng Index added 0.42 percent, or 113.35 points, to close at 27,213.41.

But the benchmark Shanghai Composite Index continued its week-long losing streak, shedding 1.34 percent, or 36.22 points, to close at 2,668.97.

And the Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 1.69 percent, or 24.74 points, to end at 1,442.38.

Sumber : AFP

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