Trade and Security on Agenda as India’s Modi Visits Japan
Indian Prime Minister Narendra Modi arrived in Japan on Thursday to meet his Japanese counterpart, Shigeru Ishiba, with trade and security high on the...
U.S. markets closed mostly flat Friday, capping a third winning week out of four.
Wall Street closed the week with little fanfare on Friday, ending its third winning week in the last four. The S&P 500 inched down by less than 0.1% after reaching an all-time high on Thursday. The Dow Jones Industrial Average shed 142 points, or 0.3%, while the Nasdaq composite rose slightly to post its own record.
Railway stocks drew attention as Norfolk Southern jumped 2.5% following reports it’s in merger talks with Union Pacific to form North America's largest railroad. However, Union Pacific fell 1.2% amid concerns about regulatory hurdles.
Netflix was among the biggest drags, sliding 5.1% despite beating profit expectations. Analysts attributed the drop to its already strong year-to-date gains. American Express also fell 2.3% after reporting slowing growth in new card issuances, despite beating forecasts. Exxon Mobil lost 3.5% after a Paris arbitration ruling allowed Chevron’s $53 billion deal to acquire Hess to proceed. Chevron ended down 0.9%.
On the positive side, strong quarterly results lifted several financial stocks. Regions Financial surged 6.1%, Comerica rose 4.6%, and Charles Schwab gained 2.9%.
By the closing bell, the S&P 500 had dipped 0.57 points to 6,296.79. The Dow dropped 142.30 to 44,342.19, while the Nasdaq added 10.01 to finish at 20,895.66.
Bond yields eased slightly as U.S. consumer inflation expectations fell. A University of Michigan survey showed Americans now expect 4.4% inflation over the next year, down from last month’s 5%.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
YouTube TV and Fox have reached a distribution agreement that will keep Fox News, Fox Sports and other Fox channels available to subscribers, the companies confirmed on Thursday.
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday (28 August), after Nvidia’s quarterly report fell short of investors’ lofty expectations but confirmed that demand for artificial intelligence (AI) infrastructure remains strong.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
The S&P 500 closed lower on Monday (25 August) as investors turned their attention to Artificial Intelligence (AI) chipmaker Nvidia’s upcoming quarterly results, following Friday’s rally that saw the Dow Jones Industrial Average close at a record high.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment