NEW YORK: US stocks have advanced, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but declines in Johnson & Johnson and Procter & Gamble kept the Dow Industrials in check.
Netflix touched a record high of $US257.71 and was last up 9.98 per cent at $US250.30, to cross the $US100 billion market value threshold after the video-streaming pioneer beat Wall Street targets for new subscribers in the fourth quarter.
Other stocks, known as part of the ‘FAANG’ – Facebook, Apple, Amazon and Google parent Alphabet – also moved higher.
In late trading, the Dow Jones Industrial Average is down 0.05 per cent at 26,202.29, the S&P 500 is up 0.23 per cent at 2,839.52 and the Nasdaq Composite is 0.61 per cent higher at 7,452.95 at 3.18 pm EST (0718 AEDT).
LONDON: European shares rose to new highs on Tuesday after US senators struck a deal to end a three-day government shutdown, while earnings updates were also in focus.
Euro zone stocks reached their highest in a decade, with Germany’s DAX jumping to a fresh record of just over 13,596 points. The DAX ended 0.7 per cent higher, while the pan-European STOXX 600 closed the session up 0.1 per cent.
After a previous session fuelled by M&A news, corporate updates maintained the buoyant mood.
Investors cheered plans by Europe’s biggest retailer Carrefour to slash costs, open its loss-making Chinese business to new investors and spend more heavily on e-commerce in the face of competition from Amazon.
Carrefour touched a five-month high with a 3.2 per cent rise. Bernstein analysts said the strategic plan ‘ticks all the right boxes’.
Shares in computer peripherals and mobile speaker maker Logitech were the biggest gainers, jumping 8 per cent after it reported better than expected sales and raised its guidance.
A rally of more than 5 per cent in airline easyJet following a trading update drove Britain’s top share index higher, while Sky was in focus after the competition watchdog suggested ways that could make a Fox takeover acceptable.
The FTSE gained 0.2 per cent on the day, in line with the broader European market as the pound gave back some of its gains, lessening pressure on the internationally-exposed index.
TOKYO: Asian stocks surged on Tuesday after US senators struck a deal to end a government shutdown in a boost to Wall Street, with its key index lifting by more than one per cent.
The BOJ maintained its short-term interest rate target at minus 0.1 per cent and a pledge to guide 10-year government bond yields around zero per cent.
The BOJ also said ‘inflation expectations have moved sideways recently,’ offering a slightly more upbeat view than three months ago when it said they were on a weak note, but it is still far from its peers who were looking for ways out of unconventional monetary policies.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.88 per cent to a record peak.
Japan’s Nikkei rose to a 26-year peak, up 1.29 per cent at 24,124.15, while Hong Kong’s Hang Sang scaled a record high up 1.66 per cent at 32,930.70.
China stocks extended a rally to fresh two-year peaks with the Shanghai Composite index up 1.29 per cent at 3,546.98, underpinned by continued gains in banking and real estate firms, and the blue-chip CSI300 index 1.06 per cent higher at 4,382.61.
WELLINGTON: The S&P/NZX50 Index fell 0.3 per cent to 8,307.63.