Latest news with #recordhighs
NHK
16 hours ago
- Climate
- NHK
Dangerous, record-high heat forecast for locations in Japan
Japan's weather officials say that temperatures across the country on Wednesday may reach record highs, posing a danger to people in eastern Hokkaido, including areas near the Sea of Okhotsk. The Japan Meteorological Agency says the heat wave is expected to intensify across the country as a high pressure system blankets the archipelago. The mercury has topped 38 degrees Celsius in several places, including in the town of Bihoro in Hokkaido. Similar readings were seen in the prefectures of Fukushima and Kyoto. In Hokkaido's Shari Town, a woman in her 90s died after suffering from suspected heatstroke. Heatstroke alerts have been issued across Japan, from Hokkaido in the north to Okinawa Prefecture in the south. High temperatures during the day and cold air above are expected to cause extremely unstable atmospheric conditions. Weather officials say that inland areas may see sudden changes on Wednesday afternoon, including the possibility of heavy rainfall.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Heard on the Street Monday Recap: Atlantic Divide
Stocks held firm as earnings season continued. Both the S&P 500 and the Nasdaq Composite hit new record highs, with the S&P adding 0.1% and the Nasdaq gaining 0.4%. The Dow Jones Industrial Average shed 19 points. Tariff negotiations continued. The European Union is still striving for a deal, but a baseline U.S. tariff of 15% or more appears too high for EU negotiators. The bloc is readying retaliatory measures if that rate can't be lowered further in talks. Verizon shares jumped. The telecommunications giant raised its annual earnings forecast, and its shares rallied 4%, leading the S&P.
News24
3 days ago
- Business
- News24
Nasdaq, S&P hit record levels as megacaps rise ahead of tech earnings
• For more financial news, go to the News24 Business front page. The S&P 500 and the Nasdaq reached new record highs on Monday, bolstered by gains in megacaps as investors geared up for the week's major tech earnings, while the prospects of fresh trade deals also boosted sentiment. By late Monday morning (US time), the S&P 500 gained 34.97 points, or 0.56%, to 6,331.90 and the Nasdaq Composite gained 147.24 points, or 0.71%, to 21,042.87. The Dow Jones Industrial Average rose 201.87 points, or 0.46%, to 44,544.76, just 1.28% shy of its all-time high. Verizon gained 4.1% after boosting its annual profit forecast. The stock also drove up the communications sector , which emerged as the top gainer among other sectors. Most big-tech names moved higher, pushing the S&P's information technology sector up 0.6% to hit an all-time high. The spotlight was on Google-parent Alphabet and electric-vehicle maker Tesla, whose results this week will kick off the "Magnificent Seven" earnings parade, and could set the tone for Wall Street. Shares of Alphabet rose 2.1%, while Tesla dipped 0.2%. Both stocks have lagged their peers so far this year, with Tesla down 18.5% year to date and Alphabet slipping 0.2%. "It is going to be interesting to see the Tesla and Google reports," because those two are kind of "underachievers in the Mag 7 this year," said Mike Dickson, head of research at Horizon Investments. "We're going to need these earnings reports to just really knock it out of the park if we want to see this little leg of the rally continue." Despite US President Donald Trump's August 1 tariff deadline, the S&P 500 and the Nasdaq reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. Trump has threatened to slap 30% tariffs on imports from Mexico and the EU, and sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% to 50%. Investors were expecting some progress in trade talks after US Commerce Secretary Howard Lutnick on Sunday expressed confidence over striking a trade deal with the European Union. However, EU diplomats said the 27-member bloc is exploring a broader set of possible counter-measures against the United States, as hopes for a breakthrough deal with Washington dwindled. On the economic data front, investors will keep a close eye on jobless claims figures and the July business activity report, expected on Thursday. They will also closely analyze Federal Reserve Chair Jerome Powell's remarks on Tuesday for any clues on the central bank's next move, especially after last week's mixed inflation signals. Traders have largely ruled out a July rate cut, and are now pegging the odds at about 56% for a September reduction, according to CME Group's FedWatch tool. Advancing issues outnumbered decliners by a 3.02-to-1 ratio on the NYSE, and by a 2.58-to-1 ratio on the Nasdaq. The S&P 500 posted 15 new 52-week highs and 5 new lows, while the Nasdaq Composite recorded 73 new highs and 34 new lows.
CNA
3 days ago
- Business
- CNA
Nasdaq, S&P hit record levels as megacaps rise ahead of tech earnings
The S&P 500 and the Nasdaq reached new record highs on Monday, bolstered by gains in megacaps as investors geared up for the week's major tech earnings, while the prospects of fresh trade deals also boosted sentiment. At 11:21 a.m. ET, the S&P 500 gained 34.97 points, or 0.56 per cent, to 6,331.90 and the Nasdaq Composite gained 147.24 points, or 0.71 per cent, to 21,042.87. The Dow Jones Industrial Average rose 201.87 points, or 0.46 per cent, to 44,544.76, just 1.28 per cent shy of its all-time high. Verizon gained 4.1 per cent after boosting its annual profit forecast. The stock also drove up the communications sector, which emerged as the top gainer among other sectors. Most big-tech names moved higher, pushing the S&P's information technology sector up 0.6 per cent to hit an all-time high. The spotlight was on Google-parent Alphabet and electric-vehicle maker Tesla, whose results this week will kick off the "Magnificent Seven" earnings parade, and could set the tone for Wall Street. Shares of Alphabet rose 2.1 per cent, while Tesla dipped 0.2 per cent. Both stocks have lagged their peers so far this year, with Tesla down 18.5 per cent year to date and Alphabet slipping 0.2 per cent. "It is going to be interesting to see the Tesla and Google reports," because those two are kind of "underachievers in the Mag 7 this year," said Mike Dickson, head of research at Horizon Investments. "We're going to need these earnings reports to just really knock it out of the park if we want to see this little leg of the rally continue." Despite U.S. President Donald Trump's August 1 tariff deadline, the S&P 500 and the Nasdaq reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. Trump has threatened to slap 30 per cent tariffs on imports from Mexico and the EU, and sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 per cent to 50 per cent. Investors were expecting some progress in trade talks after U.S. Commerce Secretary Howard Lutnick on Sunday expressed confidence over striking a trade deal with the European Union. However, EU diplomats said the 27-member bloc is exploring a broader set of possible counter-measures against the United States, as hopes for a breakthrough deal with Washington dwindled. On the economic data front, investors will keep a close eye on jobless claims figures and the July business activity report, expected on Thursday. They will also closely analyze Federal Reserve Chair Jerome Powell's remarks on Tuesday for any clues on the central bank's next move, especially after last week's mixed inflation signals. Traders have largely ruled out a July rate cut, and are now pegging the odds at about 56 per cent for a September reduction, according to CME Group's FedWatch tool. Advancing issues outnumbered decliners by a 3.02-to-1 ratio on the NYSE, and by a 2.58-to-1 ratio on the Nasdaq.
Reuters
3 days ago
- Business
- Reuters
Nasdaq, S&P hit record levels as megacaps rise ahead of tech earnings
July 21 (Reuters) - The S&P 500 and the Nasdaq reached new record highs on Monday, bolstered by gains in megacaps as investors geared up for the week's major tech earnings, while the prospects of fresh trade deals also boosted sentiment. At 11:21 a.m. ET, the S&P 500 (.SPX), opens new tab gained 34.97 points, or 0.56%, to 6,331.90 and the Nasdaq Composite (.IXIC), opens new tab gained 147.24 points, or 0.71%, to 21,042.87. The Dow Jones Industrial Average (.DJI), opens new tab rose 201.87 points, or 0.46%, to 44,544.76, just 1.28% shy of its all-time high. Verizon (VZ.N), opens new tab gained 4.1% after boosting its annual profit forecast. The stock also drove up the communications sector (.SPLRCL), opens new tab, which emerged as the top gainer among other sectors. Most big-tech names moved higher, pushing the S&P's information technology sector (.SPLRCT), opens new tab up 0.6% to hit an all-time high. The spotlight was on Google-parent Alphabet (GOOGL.O), opens new tab and electric-vehicle maker Tesla (TSLA.O), opens new tab, whose results this week will kick off the "Magnificent Seven" earnings parade, and could set the tone for Wall Street. Shares of Alphabet rose 2.1%, while Tesla dipped 0.2%. Both stocks have lagged their peers so far this year, with Tesla down 18.5% year to date and Alphabet slipping 0.2%. "It is going to be interesting to see the Tesla and Google reports," because those two are kind of "underachievers in the Mag 7 this year," said Mike Dickson, head of research at Horizon Investments. "We're going to need these earnings reports to just really knock it out of the park if we want to see this little leg of the rally continue." Despite U.S. President Donald Trump's August 1 tariff deadline, the S&P 500 (.SPX), opens new tab and the Nasdaq (.IXIC), opens new tab reached new heights recently as investors believed that the economic fallout from tariffs might not be as dire as once feared. Trump has threatened to slap 30% tariffs on imports from Mexico and the EU, and sent letters to other trading partners, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% to 50%. Investors were expecting some progress in trade talks after U.S. Commerce Secretary Howard Lutnick on Sunday expressed confidence over striking a trade deal with the European Union. However, EU diplomats said the 27-member bloc is exploring a broader set of possible counter-measures against the United States, as hopes for a breakthrough deal with Washington dwindled. On the economic data front, investors will keep a close eye on jobless claims figures and the July business activity report, expected on Thursday. They will also closely analyze Federal Reserve Chair Jerome Powell's remarks on Tuesday for any clues on the central bank's next move, especially after last week's mixed inflation signals. Traders have largely ruled out a July rate cut, and are now pegging the odds at about 56% for a September reduction, according to CME Group's FedWatch tool. Advancing issues outnumbered decliners by a 3.02-to-1 ratio on the NYSE, and by a 2.58-to-1 ratio on the Nasdaq. The S&P 500 posted 15 new 52-week highs and 5 new lows, while the Nasdaq Composite recorded 73 new highs and 34 new lows.
