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South Korea’s Kospi index rose over 1%, led by a gain in Samsung Electronics Co. shares. LG Display Co. climbed in Seoul while Advantest Corp. jumped 4% in Tokyo
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The Nasdaq and S&P 500 fell on Tuesday, August 19, as investors turned cautious ahead of Fed Chair Jerome Powell’s speech at the Jackson Hole Symposium. Tech giants like Nvidia, Microsoft, and Meta led the losses after months of gains. With the Federal Reserve's economic outlook and interest rate direction in focus, markets are watching closely. Get the full update here.
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Wall Street's main indexes closed on a subdued note on Monday (August 18), after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve's annual symposium in Jackson Hole.
Walmart, Home Depot and Target, among others, are set to report results this week and are likely to indicate how trade uncertainty and inflation expectations have affected U.S. consumers. Markets also hope that the Fed's Jackson Hole, Wyoming, conference between August 21 and 23, where Fed Chair Jerome Powell is expected to speak, could offer more clarity on the economic outlook and the central bank's policy framework.
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Technology stocks led the advance, with the Nasdaq 100 rising 1.07% to 23,263.67. Gains were also seen in transportation stocks, which added 0.5%, while utilities ended the session flat. The broader NYSE index rose 0.31% to 20,521.08, though the Russell 2000, which tracks small-cap stocks, slipped 0.2%.
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US futures traded higher as the focus remained on the two-day FOMC meet beginning today, where Fed is widely expected to hold interest rates steady.
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Equities have been remarkably resilient over the past two months as the S&P 500 bounced sharply from April lows, putting it 2% away from its record high.
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The China-based Regencell Bioscience, which has only 12 employees, has a market capitalisation of $10 billion.
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Nvidia, the world’s most valuable chipmaker reports Wednesday after market close - the last of the Big Tech cohort to do so. Results from Microsoft, Meta Platforms and others showed that outlooks remain mostly intact despite uncertainty over Trump’s tariffs.
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Moody's cut the United States' top sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country, citing concerns about its growing $36 trillion debt pile
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The Nasdaq-listed SaaS firm now expects full-year 2025 revenue between $815.3 million and $824.3 million, up from its earlier forecast of $809–$820 million.
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Markets were still on track to end the holiday-shortened week lower. The Dow and S&P 500 have declined more than 1 percent so far, while the Nasdaq is down 2.5 percent.
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The overnight sell-off in the tech-heavy Nasdaq Composite dampened domestic investors' sentiment, who track cues from the mother market.
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US index Futures declined amid rising US-China trade tensions and fresh export restrictions on Nvidia chips.
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The S&P 500 ended 9.5% higher, while the Nasdaq rose 12.2% in its biggest one-day gain since January 3, 2001, and its second-biggest on record
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The market rout is also raising fears of forced selling, as funds scramble to raise cash to meet margin calls. The CBOE Volatility Index, or VIX, spiked to 50 on Monday — a level typically associated with extreme market stress.
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US stock futures were trading deep in the red on Monday as U.S. President Donald Trump showed no signs of backing down on sweeping tariff plans despite global market sell-off.
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The selloff represents the biggest slump for the Nasdaq 100 since 2022, a year that saw the benchmark decline 33% amid slowing economic growth and shrinking profits
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European indices were sharply lower, heading for their worst weekly performance in three years.
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Nasdaq futures were nearly down 4%, S&P futures were trading 3% lower on Thursday, while the CBOE Volatility Index, known as Wall Street's fear gauge, spiked to a three-week high as investors fled from riskier assets
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The Nasdaq Composite saw the steepest decline, plunging 2.5 percent as tech heavyweights came under pressure. Shares of Alphabet and Amazon tumbled more than 3 percent each, while Microsoft and Meta shed around 2 percent.
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Despite recent market turbulence, the three US benchmarks have managed to hold onto modest gains this week. The S&P 500 and the 30-stock Dow are up nearly 1% while the Nasdaq has risen 0.5% so far.
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Auto stocks tumbled after Trump announced a 25 percent tariff on all cars not manufactured in the US, set to take effect on April 2. General Motors dropped 8 percent, while Stellantis and Ford declined 4 percent and 3 percent, respectively.
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Investor sentiment remained shaky as tech stocks extended losses and uncertainty over Trump’s impending tariffs kept US markets on edge.
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Among the three US benchmarks, the tech-heavy Nasdaq Composite emerged as the worst hit today, weighed down by selling across tech stocks.
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Gains in the US market were capped following a weaker-than-expected consumer confidence data in March which signalled concerns over future outlook on income, business conditions, and job prospects.
