But stocks began pulling back after Fed Chair Jerome Powell said in a news conference that low inflation appeared"to be transient or idiosyncratic," a comment that analysts said suggested the US central bank would not soon cut interest rates.
Earlier, US private-sector hiring surged by 275,000 new positions in April - beating the consensus forecast by more than 100,000 - driven by a huge increase in the dominant services sector, payroll services firm ADP reported.Meanwhile, an industrial survey showed activity in US manufacturing had hit its slowest pace in more than two years last month on falling production and weaker demand.
Tech giant Apple surged 4.9 per cent as it reported better-than-expected quarterly results with gains in services helping to offset slumping iPhone sales. Other companies with gains after earnings included food company Mondelez, which rose 1.6 per cent, Hilton Worldwide, up 6.5 per cent, and CVS Health, up 5.4 per cent.
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US: Stocks edge to records ahead of Federal Reserve meeting, big earnings[NEW YORK] Major US stock indices edged to records for a second straight session on Monday in a quiet opening to a heavy news week with major earnings, a Federal Reserve meeting and US-China trade talks. Read more at The Business Times.
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US stocks fall after Fed announcement as S&P 500 record streak endsNEW YORK: Wall Street stocks finished lower on Wednesday (May 1) after the Federal Reserve kept interest rates unchanged, while Apple surged on ...
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Stocks to watch: Suntec Reit, CRCT, Far East H-Trust, First Sponsor, Sasseur ReitTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
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Hong Kong, Shanghai stocks end sharply lower[HONG KONG] Hong Kong shares ended sharply lower Thursday, tracking a sell-off on Wall Street and across most of Asia, while Shanghai plunged more than two per cent on concerns China will ease up on its recent monetary easing measures. Read more at The Business Times.
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Europe: Stocks slip at open[LONDON] European stock markets edged downwards in opening trade on Thursday, with London's benchmark FTSE 100 index 0.2 per cent lower at 7,457.21 points. Read more at The Business Times.
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Hong Kong: Stocks start with a loss[HONG KONG] Hong Kong stocks kicked off Thursday by extending losses into a fifth straight day following a negative lead from Wall Street. Read more at The Business Times.
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Singapore stocks: STI resumes Thursday afternoon at 3,358.97, down 0.1% on daySINGAPORE stocks edged down as trading resumed on Thursday afternoon, with the Straits Times Index moving down 0.10 per cent or 3.46 points to 3,358.97 as at 1.01pm. Read more at The Business Times.
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Investing in stocks during uncertain times
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Stocks to watch: DBS, Best World, iFast, Raffles Medical, Thakral, No Signboard, AyondoTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
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Hong Kong: Stocks rise at open[HONG KONG] Hong Kong stocks opened with small gains on Monday following another record-breaking close on Wall Street, while investors are looking ahead to the resumption of China-US trade talks this week. Read more at The Business Times.
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Singapore stocks: STI resumes Monday afternoon at 3,385.33, up 0.85% on daySINGAPORE stocks continued their morning uptick as trading resumed on Monday afternoon, with the Straits Times Index advancing 0.85 per cent or 28.38 points on the day to 3,385.33 as at 1.01pm. Read more at The Business Times.
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