China shares fell as investors digested much weaker-than-expected export data released late Monday. Japan’s market jumped as its semiconductor firms followed Nvidia upward.
- S&P 500 Futures: 5,866.25 ⬆️ up 0.11%
- S&P 500: 5,859.85 ⬆️ up 0.77%
- Nasdaq Composite: 18,502.69 ⬆️ up 0.87%
- DowJones Industrial Average: 43,065.22 ⬆️ up 0.47%
- STOXX Europe 600: 525.74 ⬆️ up 1.65%
- CSI 300: 3,855.99 ⬇️ down 2.66%
- Nikkei 225: 39,910.55 ⬆️ up 0.77%
- Bitcoin: $64,588.52 ⬆️ up 2.73%
China: Shares drop with weak export numbers
China shares dropped as investors digested the lack of new concrete stimulus plans as well as sluggish export numbers—up 2.4% annually in September in dollar terms, well below expectations of some 6%—that were reported late Monday. The CSI 300, which tracks the 300 top stocks on the Shanghai and Shenzhen exchanges, gave up 2.66%, while Hong Kong’s Hang Seng fell 3.67%.
Japan: Nvidia pulls up semiconductor shares
The Nikkei 225 rose 0.77%, at one point touching a three-month high, led by technology and financial stocks. Nvidia’s banner day boosted semiconductor sector companies like Tokyo Electron and Advantest, which rose 4.49% and 3.37% respectively. Softbank, the majority owner of chips heavyweight Arm Holdings, rose 5.76%. The weak yen, which helps Japanese exporters, also boosted Nikkei shares.
Europe: Shares rise despite oil price drop—and Ericsson soars
European stocks hovered around breakeven early Tuesday as investor optimism overcame a drop in oil prices. Energy companies fell after the Washington Post reported that Israel did not plan to target Iran’s oil infrastructure. TotalEnergies shares were down 3.6% in early trading, while BP was off 4%. Ericsson shot up 9% at one point after reporting earnings that surpassed analyst expectations. The Stoxx Europe 600 was up 1.65% and the FTSE 100 rose 0.82% in morning trading.
U.S. premarket mixed after another day of records
U.S. markets were largely unchanged in premarket trading Tuesday, a day after both the S&P 500 and Dow Jones Industrial Average closed at new records, with the S&P 500 finishing up 0.77% and the Dow rising 0.47%. The Nasdaq didn’t set a record Monday but came close, ending up 0.87%. The gains were supported by a jump in Nvidia shares, up 2.4% to a new record on “insane” demand for its Blackwell chips. In early trading Tuesday, both Nvidia and Tesla posted gains above 1%.
And earnings season continues…
Goldman Sachs, Bank of America, and Citigroup all show their numbers today; Morgan Stanley reports Wednesday; Netflix has its turn Thursday; and Friday features P&G and American Express.