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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Sumber : bpfnews.com

Tokyo’s Nikkei index trims early losses to end flat

Tokyo’s benchmark Nikkei index closed flat Thursday, trimming early losses after the news that China and the US would hold trade talks.

The key Nikkei 225 index was down 0.05 percent or 12.18 points to end at 22,192.04 while the broader Topix index lost 0.64 percent or 10.88 points at 1,687.15.

Sumber : AFP

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Sumber : bpfnews.com

Stock futures flat as trade fears counter strong earnings

U.S. stock index futures were flat on Wednesday, as escalating trade tensions between the United States and China overshadowed a strong showing for corporate earnings.

Washington is set to begin collecting 25 percent tariffs on another $ 16 billion in Chinese goods on Aug. 23, to which China has vowed to retaliate to an equal degree.

The index is just 1 percent shy of a record it hit on Jan. 26 as an estimated 24 percent jump in earnings from S&P companies testified to the strength of the world’s biggest economy and corporate sector.

Futures implied the index would open up at 2,860.7, about 12 points away from the record.

A sharp rally in tech and consumer discretionary stocks has already helped the Nasdaq recover much faster than the broader markets from a sell-off in February, hitting a record high late last month.

At 7:16 a.m., Dow e-minis were up 18 points, or 0.07 percent. S&P 500 e-minis were up 1.25 points, or 0.04 percent and Nasdaq 100 e-minis were up 3.25 points, or 0.04 percent.

Source : Reuters

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Sumber : bpfnews.com

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