Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity, but a surge in coronavirus cases in the United States kept a lid on stronger gains.
Apple supplier Foxconn said on Friday customs clearing procedures in India have been resolved, as additional scrutiny by the country of imports from China disrupted operations in some foreign firms amid tensions between the Asian giants.
Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the United States kept a lid on further risk-taking.
Asian stocks were likely to track a firmer Wall Street session on Friday after strong U.S. jobs data although growing Sino-U.S. tensions and a worrying surge in coronavirus cases is likely to cap gains.
The S&P 500 Index (SNPINDEX: ^GSPC) finished trading on July 2 up 14.15 points, or 0.45%, ending the shortened week on a positive note as people head into the July 4 holiday weekend.
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Apple Inc (Symbol: AAPL), where a total of 652,508 contracts have traded so far, representing approximately 65.3 million underlying shares. That amounts to about 169.5
What happened
Shares of Microsoft Corporation (NASDAQ: MSFT) increased another 11.1% in June, according to data provided by S&P Global Market Intelligence. On June 17, the company declared a regular quarterly dividend, a reminder its business is still thriving even during to
The U.S. gained 4.8 million jobs in June, eliminating a chunk of the job losses registered during the worst of the coronavirus pandemic. The jobs number was good enough news to propel the Dow Jones Industrial Average (DJINDICES: ^DJI) 1% higher by 12:55 p.m. EDT Thursday.
The U.S. State Department warned top American companies including Walmart Inc, Apple Incand Amazon.com Inc over risks faced from maintaining supply chains associated with human rights abuses in China's western Xinjiang province, according to a letter seen by Reuters on Friday.
The era of widespread work-from-home policies has settled in, and increased reliance on online collaboration tools has fueled growth in many companies. Quiet first-mover Dropbox (NASDAQ: DBX) is no exception. It may not wow investors with its past financials, but Dropbox was one
In the face of the sudden and sharp increases in coronavirus cases in the U.S., Apple (NASDAQ: AAPL) has elected to once again close many of its retail outlets. On Wednesday, Reuters reported that the tech titan said it was temporarily shuttering more than two dozen of its Apple
Never is a long time, and it seems almost ludicrous in investing to make such a broad and sweeping statement as, "I'm never selling." Admittedly, no one can truly say for certain that they'll not sell a stock over the coming weeks and years, let alone "never." As recent events h
Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers worldwide to thermal images from cameras on pipelines and storage tanks.
Apple's (NASDAQ: AAPL) stock is hovering near an all-time high after nearly tripling over the past five years, but Wedbush analyst Daniel Ives recently claimed the stock still has a "lot of gas left in the tank" and hiked his price target on the stock from $375 to $425.
Amazon (NASDAQ: AMZN) is facing significant disruptions in its business as a result of the COVID-19 pandemic. Sales are surging as people shift more shopping online to reduce trips they need to make to the store. Meanwhile, Amazon is making adjustments to fulfill the increase i
India's additional scrutiny of imports from China has disrupted operations at plants owned by Apple supplier Foxconn in southern India, three sources told Reuters, and other foreign firms are also facing delays as tensions between the two countries build.
Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers worldwide to thermal images from cameras on pipelines and storage tanks.
Reuters
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