BANGKOK—Shares slipped in Europe and Asia on Friday after a retreat on Wall Street that left the Nasdaq composite down 2.5 percent. Germany’s DAX lost 0.6 percent to 15,928.83 and the CAC 40 in Paris shed 0.7 percent to 7,145.19. Britain’s FTSE 100 edged 0.1 percent lower to 7,556.29. On Wall Street, the future for…
Why Trump’s Merger Partner Digital World Stock Is Headed for All-Time Highs
Trump-sensitive stock Digital World Acquisition Corp. popped up 4 percent higher shortly after the markets opened on Thursday. The SPAC, which merged with Trump Media and Technology Group public in October plans to launch its social media app, Truth Social, on Feb. 21. The app will have similar features to Twitter Inc. but posts will be…
This Oil Stock Has a Better 1-year Return Than Amazon, GoPro, Bank of America, and GE
As shares of clean energy manufacturing and EV companies soared in 2021, so did oil and gas giant Exxon Mobil Corp. Since January 2021, Exxon Mobil stock’s one-year return has outperformed several of the world’s most popular consumer discretionary, tech, and financial services stocks: Amazon.com Inc., GoPro Inc., Bank of America Corp., and General Electric…
World Shares Mixed After Tech-Led Sell-Off on Wall Street
TOKYO—World shares were mixed on Wednesday after heavy selling of technology shares cast a chill over the cheerful start to 2022 on Wall Street. France’s CAC 40 was up less than 0.1 percent at 7,324.16 in early trading, while Germany’s DAX added 0.2 percent to 16,185.77. Britain’s FTSE 100 rose 0.2 percent to 7,516.63. The…
Global Shares Mostly Higher After Wall Street Rally
TOKYO—Global shares were mostly higher Tuesday despite worries about rising numbers of coronavirus cases. France’s CAC 40 added 0.7 percent in early trading to 7,266.59, while Germany’s DAX edged up 0.3 percent to 16,064.91. Britain’s FTSE 100 gained 1.2 percent to 7,475.46. The future contract for the Dow industrials was 0.2 percent higher and the…
Tesla’s Bumper Delivery Numbers Light up Shares
Tesla Inc.’s shares were set to open this year at their highest in about a month after reporting stronger-than-expected quarterly deliveries of its electric cars, allaying fears of supply chain woes that other automakers have struggled with. Shares of the world’s most valuable carmaker were up about 7 percent at $1,126.5 in premarket trading. “Q4…
European Shares Mixed, Asia Slips on Omicron Worries
TOKYO—European benchmarks opened mixed, with London’s FTSE 100 at nearly a two-year high, after Asian shares mostly finished lower Wednesday. France’s CAC 40 edged up 0.1 percent in early trading to 7,190.22, while Germany’s DAX slipped 0.2 percent to 15,935.45. Britain’s FTSE 100 rose 1.1 percent to 7,449.16—its highest level since February 2020, amid optimism…
European Shares Hit Two-Week High as Omicron Fears Ebb
European shares hit a two-week high on Thursday as investor sentiment improved on signs the impact of the Omicron coronavirus variant may not be as severe as feared. The pan-European STOXX 600 gained 0.4 percent, boosted by travel stocks, tracking a global share rally that was also helped by robust U.S. economic data. The risk…
World Shares Extend Gains in Thin Pre-Christmas Trading
BANGKOK—World shares were higher Thursday after stocks advanced on Wall Street, lifted by encouraging reports about the potential impact of the omicron variant of coronavirus and stronger U.S. economic data. Major indexes are on track for a Christmas week gains, with trading thinning as the holidays approach. Many world markets will be closed Friday in…
Moody’s Upgrades Apple
Moody’s Investors Service upgraded Apple Inc.’s senior unsecured rating to Aaa from Aa1 and affirmed its Prime-1 rating for commercial paper. The ratings outlook is stable. Moody’s analyst Raj Joshi said. “The upgrade of Apple’s rating to Aaa reflects the company’s exceptional liquidity, robust earnings that we expect will continue to grow over the next 2 to…
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