Asian Stocks Head for Sharpest Two-Day Gain Since January 2017

Asia’s benchmark equities index headed for its sharpest back-to-back gain in 19 months as most stock markets in the region gained, led by a rally in technology companies.

The MSCI Asia Pacific Index rose 1.2 percent to 162.19 as of 4:28 a.m. in Hong Kong. A gauge of the region’s technology companies jumped 2.1 percent, the biggest boost to the benchmark. Turkey’s rate increase, which was wider than expected, boosted emerging-market stocks and a surprise slowdown in U.S. inflation in August sent regional markets higher. News that the U.S. and China could be heading for another round of trade talks continued to boost sentiment.

Source : Bloomberg

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Wall St. end slightly higher; Dow and S&P snap two-day skid

U.S. stocks closed slightly higher on Thursday after trimming earlier gains that saw the Dow up by more than 350 points at its peak.

The Dow Jones Industrial Average advanced 164 points, or 0.7%, to end at 24,961. The S&P 500 rose 3 points, or 0.1%, to 2,704. The Nasdaq Composite Index shed 8 points, or 0.1%, to 7,210. The Nasdaq posted its fourth straight session of losses.

While, the Dow and the S&P snapped their two-day skid. Stocks have struggled to rebound against a backdrop of elevated yields, with investors concerned that higher rates could hurt valuations and lift borrowing costs for companies.

Source: Marketwatch

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Nasdaq Composite trades higher after two-day selloff

U.S. stocks opened higher on Tuesday, after two-day slump that was driven by the selloff in technology shares. The Nasdaq Composite, which fell nearly 3% over the past two sessions was set to recover some of the losses.

Gains on Wall Street were tepid, however, as investors wait for the Federal Reserve’s policy meeting with many expecting a rate hike on Wednesday.

The S&P 500 opened 6 points, or 0.3%, higher at 2,435. The Nasdaq Composite was up 37 points, or 0.6%, to 6,213 at the open.

The Dow Jones Industrial Average began the session up 40 points, or 0.2%, at 21,276.

Among the biggest gainers, NVIDIA Corp jumped about 3% at the open. The stock is up more than 200% over the past 12 months.

Source: Marketwatch

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