Asian stocks end mixed after Big Tech pulls S&P 500 and Nasdaq lower

HONG KONG — Asian stocks were mixed on Tuesday after the Dow Jones Industrial Average climbed to an all-time high and Big Tech companies pulled the S&P 500 and the Nasdaq composite lower.

But additional tariffs on China are clouding its manufacturing prospects. Canada announced a 100% tariff on the import of Chinese electric vehicles and a 25% tariff on Chinese steel and aluminum on Monday, with the measures set to take effect on Oct. 1. This will apply to all EVs shipped from China, many of which are Tesla cars produced in the country.Hong Kong’s Hang Seng added 0.3% to 17,842.97 and the Shanghai Composite index dropped 0.3% to 2,846.82.

The Dow rose 0.2%, to 41,240, eclipsing its previous high set in mid-July. The average is less influenced by Big Tech, with only Apple and Microsoft among the most valuable “Magnificent Seven” stocks in the index. That helped limit the impact of the Big Tech decliners.The stock market is coming off a two-week winning streak that’s helped keep the S&P 500 and Dow within striking distance of notching new highs.

All told, the S&P 500 fell 17.77 points to 5,616.84. The Dow rose 65.44 points to 41,240.52, and the Nasdaq dropped 152.03 points to close at 17,725.76. In energy trading, benchmark U.S. crude fell 8 cents to $77.34 a barrel. Brent crude, the international standard, gave up 8 cents to $80.28 a barrel.

Oasis is getting back together, the band announced Tuesday, 15 years after the group spectacularly unraveled.Its sibling stars, Noel and Liam Gallagher, confirmed the news in social media posts. The band will play a 14-date tour in the U.K. and Ireland in 2025, with a press release on the band’s website saying that plans “are underway” for the group to play in other continents outside Europe later in the year.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lowerHONG KONG (AP) — Asian stocks were down Tuesday after a mixed finish on Wall Street, where the Dow Jones Industrial Average climbed to an all-time high while...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Megacaps lift Nasdaq, S&P 500 ahead of Big Tech earnings, Fed verdictThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »

Stock market today: Dow closes at record high, S&P 500, Nasdaq slide as tech lagsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market news today: S&P 500 futures surge as techs bounce back on big Fed dayA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Dow record, tech drags S&P 500, small caps: Market TakeawaysThe Dow Jones Industrial Average (^DJI) closed at a record high on Monday, while the tech-heavy Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes closed...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »