Financial powerhouses including JPMorgan, Wells Fargo and BlackRock reported strong earnings on Friday, sending shares soaring and Wall Street into new record territory.
- S&P 500 Futures: 5,856.50 ⬆️ up 0.47%
- S&P 500: 5,815.03 ⬆️ up 0.61%
- Nasdaq Composite: 18,342.94 ⬆️ up 0.33%
- Dow Jones Industrial Average: 42,863.86 ⬆️ up 0.97%
- FTSE 100: 8,253.65 ⬆️ up 0.19%
- STOXX Europe 600: 521.98 ⬆️ up 0.55%
- SSE Composite: 3,217.74 ⬇️ down 2.55%
- Nikkei 225: 39,605.80 ⬆️ up 0.57%
- Bitcoin: $63,126.50 ⬆️ up 0.48%
U.S.: Tesla keeps Nasdaq in check while Dow and S&P set records
The S&P 500 set another new record, its second this week, climbing 0.61% Friday on positive earnings and producer price index data. Same goes for the Dow Jones Industrial Average, which climbed 0.97% to close at another all-time high. Meanwhile, the tech-heavy Nasdaq had to contend with Tesla shares tumbling after the launch of the Cybercab.
Europe: U.S. data has ripple effect, sending stocks up
European stocks hovered early Friday but closed up, with the UK’s FTSE 100 climbing 0.19% and the STOXX Europe 600 at 0.55% on positive earnings reports from big banks on Wall Street. The markets had a lot to digest Friday, including a stimulus briefing planned in Beijing and France’s new draft budget.
China: Shares slip ahead of stimulus briefing
A day after China shares rebounded on stimulus optimism, Shanghai’s SSE Composite slid 2.5%. Markets are cautious ahead of Beijing’s Saturday briefing, at which investors are hoping for more measures to boost the economy. Hong Kong markets were closed for a public holiday.
Japan: Nikkei posts small rise on the back of banks and Uniqlo
The Nikkei 225 notched a 0.57% rise as it headed into the weekend, led by the financial sector and a 6.09% jump in Uniqlo-owner Fast Retailing, which hit an all-time high after reporting stronger-than-expected revenue and profits for the year.
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