Technology gains drive global stocks higher

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European shares rose on Tuesday as technology shares rose, tracking overnight gains from their Wall Street peers, offsetting losses in Swedish Ericsson and healthcare companies.
The pan-European Stoxx 600 index was up 0.1 percent by 0708 GMT, with technology shares gaining 0.7 percent.
Telecom equipment maker Ericsson fell 3 percent after the impact of problems in the global supply chain outweighed its basic earnings that exceeded expectations in the third quarter of the year, and French food group Danone fell 1.3 percent after it recorded a rise in costs and a slowdown in sales growth in the quarter. the third.
Sweden’s telecom operator Tele2 incurred a loss of 2.3 percent after it posted basic quarterly profits that did not exceed market expectations.
Wall Street
On Monday, the Standard & Poor’s 500 and Nasdaq indexes closed higher on Wall Street, supported by gains in major technology and communications stocks.
After a weak start after disappointing economic data from China, Standard & Poor’s and Nasdaq threw their troubles behind them, with shares of major technology companies such as Facebook, Apple, Amazon.com, Netflix, Alphabet and Microsoft soaring.
Standard & Poor’s closed the session, up 0.34% to 4486.46 points, while the Nasdaq rose 0.84% ​​at 15021.81 points. While the Dow Jones dropped 35.75 points to 35,259.01 points.
Nikkei rises
Japan’s Nikkei index closed higher on Tuesday, helped by technology heavyweights that tracked the Nasdaq’s gains, even as concerns spread ahead of the country’s corporate earnings season that begins next week.
The Nikkei index closed up 0.65 percent to 29,215.52 points, and the broader Topix index rose 0.36 percent to 2026.57 points, after falling briefly earlier in the session.
Shares of Tokyo Electron, which produces chip-making equipment, rose 1.86%, and SoftBank Group, which invests in technology globally, jumped 3.06%, and robotics maker Fanuc provided 1.61%.
(Reuters)





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