Nasdaq’s decline defies bullish exchange breadth data

The Nasdaq Composite fell 0.2% in midday trade, as weakness in the index’s biggest components offset bullish breadth data. The number of advancing stocks outnumbered declines 1,449 to 1,167, and volume in advancing stock accounted for 53.8% of total volume.

The market-capitalization weighted index was lower, however, as shares of the four largest companies by market cap were all fell. Apple Inc.’s stock fell 0.3%, Amazon.com Inc. shares shed 1.2%, shares of Microsoft Corp. slid 1.2% and Alphabet Inc.’s stock gave up 0.3%.

Meanwhile, the Dow Jones Industrial Average rallied 198 points and the S&P 500 advanced 0.2%.

Source: Marketwatch

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Asia Stocks Snap 10-Day Decline as U.S. Eyes China Trade Talks

Asian shares rose, with a regional benchmark poised to snap its longest losing streak in 16 years, on a report that the U.S. has asked China to resume trade talks.

The MSCI Asia Pacific Index rose 0.9 percent to 160.26 as of 4:28 p.m. in Hong Kong, as telecommunications and energy stocks led gains. The U.S. proposed to hold another round of trade negotiations with Beijing, just days after President Donald Trump threatened to slap tariffs on nearly all goods from China. Most markets in Asia climbed with Hong Kong’s Hang Seng Index and Japan’s Topix index pacing the rebound. Thailand’s SET Index climbed 2.1 percent as sentiment was boosted by progress in laws needed to hold a national election. India is closed for a holiday.

Source : Bloomberg

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Europe Stocks Decline Amid EM Turmoil; Dollar Advances

Stocks dropped in Europe and Asia as continued pressure in many emerging markets intensified concerns of contagion. With investors seeing no let-up in trade tensions, the dollar strengthened for a fifth session and commodities fell, led by oil.

The Stoxx Europe 600 index slipped to its lowest level since July, led by declines in miners and automakers. U.S. equity-index futures declined as well. A day after developing-market currencies slumped, it was the stock market’s turn in the hot seat, with equities sliding from Japan to Australia and declines in the Philippines and Indonesia among the worst. The dollar advanced on the back of robust U.S. data, while 10-year Treasury yields hovered around 2.89 percent.

The Stoxx Europe 600 Index fell 0.3 percent at 378.52 as of 8:07 a.m. London time, the lowest in more than two months.

Source : Bloomberg

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