Wall Street said goodbye to a six-week winning streak at the market close on Friday, as Treasury yields rose and investors struggled with high valuations amid mixed earnings. He was one of Friday’s biggest losers Capri Holdings Ltd., lost nearly half of its value after a federal judge blocked its acquisition Tapestry.
- S&P 500: 5,808.12 ⬇️ 0.030% less
- Nasdaq Composite: 18,518.61 ⬆️ 0.56% more
- Dow Jones Industrial Average: 42,114.40 ⬇️ 0.61% less
- STOXX Europe 600: 518.81 ⬇️ 0.033% less
- CSI 300: 3,956.42 ⬆️ 0.70% more
- Nikkei 225: 37,913.92 ⬇️ 0.60% less
- Bitcoin: $66,748.76 ⬇️ down 2.08%
USA: Nasdaq while it rises in strong technology stocks Dow and S&P has a mixed outlook
The S&P 500 fell 0.03%, snapping its longest weekly winning streak this year, while the Dow Jones Industrial Average also lost ground, down 0.61%. Only the Nasdaq Composite rose 0.56%, driven by strong returns in technology stocks. Capital One rose more than 6% after beating third-quarter earnings expectations Deckers Outside It rose more than 10% after a big forecast for the year. But luxury brand Capri Holdings, which owns Jimmy Choo, Versace and Michael Kors, fell more than 48%, adding new uncertainty to the company’s outlook. Rising Treasury yields also weighed on sentiment, with the 10-year yield rising to 4.24%, making stocks a tough sell.
Europe: Shares fall as weak earnings drag markets
European shares fell on Friday after several companies missed earnings expectations. The Stoxx Europe 600 fell 0.033% as German carmaker Mercedes-Benz fell nearly 4% after disappointing quarterly results. France’s Remy Cointreau also fell about 1% after revising its guidance downward on weaker demand in China. Despite SAP’s strong performance this week, European sentiment remained cautious, with Britain’s FTSE 100 losing 0.25%.
China: As gains go to US election
Chinese markets rose, with the CSI 300 up 0.70%, as investors watched a tight US election race and digested limited domestic news. the town Bank of China It kept the medium-term lending rate at 2%, following last month’s rate cut, which helped boost market sentiment. Hong Kong’s Hang Seng also rose a modest 0.49% as investors remained optimistic about stable policy conditions.
Japan: Stocks fall ahead of weekend election
Japan’s Nikkei 225 fell 0.60% as investors remained cautious ahead of Sunday’s election. The Liberal Democratic Party’s majority status remains in doubt, and future economic policies are in doubt. Tokyo’s core inflation rate fell to 1.8%, the lowest level in five months, boosting hopes that Japan’s central bank will avoid raising interest rates. Especially in a red market, Mazda Motors was a rare bright spot, up 1.56%.
