Wall Street's major indexes rose as investors were relieved after data showed the U.S. economy remained robust, while Nvidia slipped as its largely on-track forecast failed to beat high expectations for the AI chip maker. According to a Commerce Department report, the U.S. economy grew faster than previously estimated amid strong consumer spending.
The Australian resources sector has ended a six-day losing streak due to bargain hunting among major mining companies. The ASX200 closed at its highest level since August 1 on Tuesday, gaining 0.22 percent to 7,997.7.
U.S. stocks closed higher as investors reacted to the release of the country's housing construction data last month.
Wall Street's major indexes rose as retail sales for July pointed to robust consumer spending, allaying fears of a looming recession in the world's largest economy. All megacap and growth stocks recorded an increase, led by Tesla with an increase of 4.1 percent.
Wall Street's major indexes rose slightly in choppy trading after data showed inflation easing as expected, underpinning bets that the U.S. Federal Reserve is on track to begin its monetary easing cycle next month. Data from the U.S. Labor Department showed that consumer prices in the U.S. rose by 0.2 percent in July, as expected. … Read more
U.S. stocks opened higher as investors digested July producer price data.
Taiwan's benchmark index for technology-heavy stocks fell 2.0 percent and the Hang Seng lost 1.0 percent; MSCI's broadest index of Asia-Pacific stocks recorded a decline of 0.8 percent.