Are Banks Already Using Your ESG Score Against You?

As we speak, the powers that be are building a full-scale social credit system ...And soon, it could be used to control the way you live your life. Legendary financial forecaster, Dr. Martin Weiss recorded an urgent message on how to prepare, including the three steps you should consider RIGHT NOW.

Stock market today: Asian shares are mixed as China stocks get bump from new property measures

ELAINE KURTENBACH
May 17, 2024

Asian shares were mixed on Friday, with Chinese stocks reversing earlier losses following the announcement of fresh measures to revive the ailing property market.

U.S. futures were little changed, with the contract for the Dow Jones Industrial Average near 40,000 after it topped that level for the first time on Thursday.

China's central bank said Friday that it was reducing required down payments for housing loans and cutting interest rates for first and second home purchases, among other moves. The announcements came after officials in Beijing reported persisting weakness in the economy, especially in the real estate industry.

The government was due to hold a news conference on property policies later Friday.

Hong Kong's Hang Seng jumped 0.7% to 19,512.54 and the Shanghai Composite index surged 0.8% to 3,119.49.

Property developers were among the biggest winners.

Shares in China Evergrande Group, the world's most indebted developer with borrowings of more than $300 billion, jumped nearly 18%, while China Vanke, another imperiled property conglomerate, jumped 9.9%.

In Tokyo, the Nikkei 225 declined 0.3% to 38,787.38, while Australia's S&P/ASX 200 gave up 0.9% to 7,814.40.

South Korea's Kospi fell 1% to 2,724.62.

On Thursday, the Dow slipped 0.1% to 39,869.38 after topping 40,000. The S&P 500 index, which is much more widely followed on Wall Street, dipped 0.2% to 5,297.10, and the Nasdaq composite fell 0.3% to 16,698.32. All three indexes had rallied on Wednesday to all-time highs.

Deere weighed on the market and sank 4.7% despite reporting stronger profit for its latest quarter than expected. It cut its forecast for upcoming profit this fiscal year, below analysts' estimates, as farmers buy fewer tractors and other equipment.

Homebuilders also helped drag the market lower following a weaker-than-expected report on the housing industry. They gave back some of their big gains from the day before, when hopes for lower mortgage rates had sent them sharply higher. D.R. Horton sank 4.2%, Lennar fell 3.3% and PulteGroup dropped 2.8%.

Also sinking were GameStop and AMC Entertainment, which slid for a second straight day following their jaw-dropping starts to the week. GameStop fell 30%, though it's still up nearly 59% for the week so far. AMC Entertainment lost 15.3%.

Such drops helped offset a 7% jump for Walmart, which reported stronger profit for the latest quarter than analysts expected. The retailer also said its revenue for the year could top the forecasted range it had earlier given.

Walmart's strength could be an encouraging signal for the broader economy. Worries have been rising about whether U.S. households can keep up with still-high inflation and more expensive credit-card payments, particularly households at the lower end of the income spectrum.

Chubb rose 4.7% after Warren Buffett's Berkshire Hathaway disclosed it had built an ownership stake in the insurer.

Stronger-than-expected profit reports have been one of the main reasons U.S. stock indexes have broadly jumped through May to records following a tough April. Another has been revived hopes that the Federal Reserve will be able to cut its main interest rate at least once this year. The Fed has been keeping its federal funds rate at the highest level in more than two decades.

A string of worse-than-expected reports on inflation at the start of the year had put the potential for such cuts in jeopardy, but some more encouraging data has since arrived.

One report Thursday showed slightly more workers applied for unemployment benefits last week than economists expected, though the number remains low compared with history. Others said manufacturing growth in the mid-Atlantic region was weaker than hoped and import prices rose more than forecast.

In other trading early Friday, benchmark U.S. crude oil was up 33 cents at $79.56 per barrel. Brent crude, the international standard, added 50 cents to $83.77 per barrel.

The U.S. dollar rose to 155.65 Japanese yen from 155.40 yen. The euro slipped to $1.0861 from $1.0868.

Continue Reading...

Popular
Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Senator Tommy Tuberville disclosed numerous stock trades on Friday June 14. A look at some of the key highlights.

Ex-Colleagues Of Judge In Donald Trump's Hush-Money Case Say Former President Will Most Likely Face This Sentence

Ex-Colleagues Of Judge In Donald Trump's Hush-Money Case Say Former President Will Most Likely Face This Sentence

Former New York City judges weigh in on potential sentencing outcomes for former President Donald Trump.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Elon Musk Says Donald Trump Calls Him For No Reason: 'I Don't Know Why'

Elon Musk Says Donald Trump Calls Him For No Reason: 'I Don't Know Why'

Tesla CEO Elon Musk unveiled details of his interactions with former President Donald Trump during the company's shareholder meeting.

Putin's Daughters Enter The Limelight As Russian President Considers His Legacy: 'Young Daughters Represent Vitality For Him'

Putin's Daughters Enter The Limelight As Russian President Considers His Legacy: 'Young Daughters Represent Vitality For Him'

Vladimir Putin's daughters are making public appearances as the Russian president contemplates his legacy.

The Mysterious Tale of "America's No. 1 Retirement Stock" - Ad

This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".

Nvidia Insiders Cash In Over $700M This Year As Jensen Huang $3.2 Trillion Chip Empire Continues To Swell (UPDATED)
What's Going On With AST Space Mobile Shares Monday?

What's Going On With AST Space Mobile Shares Monday?

The rally in shares of AST SpaceMobile started in mid-May when the company reported financial results for the first quarter and signed a deal with AT&T.

The Greatest Legal Transfer of Wealth in History Is Underway - Ad

The man CNBC called "The Prophet" bought AAPL at $0.35, AMZN under $2.50, and NVDA before it soared 1,200%. Recently, he sat down for an exclusive interview, revealing EXACTLY where to put your money this year. An investment vehicle he's so confident in, he says he'd put 50% of his kids' inheritance into this stock.

Following Historic Conviction, Donald Trump Is Facing More Criminal Charges With No Endgame In Sight

Following Historic Conviction, Donald Trump Is Facing More Criminal Charges With No Endgame In Sight

In a landmark legal battle, former President Donald Trump was convicted in New York last week, marking a significant moment as he faces other multiple charges across the U.S.

'Dogecoin Killer' Shiba Inu's Burn Rate Explodes 13458% As Shibarium Transactions Spike, 7.7M SHIB Kicked Out Of Circulation

'Dogecoin Killer' Shiba Inu's Burn Rate Explodes 13458% As Shibarium Transactions Spike, 7.7M SHIB Kicked Out Of Circulation

Shiba Inu's (CRYPTO: SHIB) burn rate shot up exponentially in the last 24 hours amid a sharp increase in the transactions on the layer-1 blockchain, Shibarium.

Ex-CIA Insider Exposes How Dems Could Rig the Election - Ad

In 2016, surveys were giving Hillary Clinton more than 99% chance of winning right up until election night. But right before the election... Former advisor to the CIA, Jim Rickards predicted Trump would win. You won't believe what he's predicting now. And it could have huge implications for the financial markets.

What's Going On With Chrysler-Parent Stellantis Stock Today?

What's Going On With Chrysler-Parent Stellantis Stock Today?

Stellantis shares lower premarket on Thursday. The company confirmed 2024 financial guidance and capital return plan of ≥€7.7 billion.

Tesla Model 3 Long Range Now Qualifies For Full $7,500 Tax Credit

Tesla Model 3 Long Range Now Qualifies For Full $7,500 Tax Credit

Tesla Inc (NASDAQ: TSLA) announced the new Model 3 Long Range (LR) now qualifies for the full $7,500 federal tax credit in the

Warren Buffett's "Mystery Stock" - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Amazon invests $1.4 billion for affordable housing options in regions where it has corporate offices

Amazon invests $1.4 billion for affordable housing options in regions where it has corporate offices

NEW YORK (AP) — Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more in regions where the company has major corporate offices, CEO Andy Jassy announced Tuesday.

Palantir, Mustang Bio, DraftKings, Micron, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Palantir, Mustang Bio, DraftKings, Micron, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Monday, major U.S. indices saw gains, with the Dow Jones Industrial Average closing nearly 0.5% higher at 38,778.10.

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Renowned whistleblower and privacy advocate Edward Snowden poked fun at Senator Elizabeth Warren (D-Mass.) for her anti-Bitcoin (CRYPTO: BTC) stance by comparing it with the bizarre perspective of the Chinese Communist Party.

Over 1.2 million rechargeable lights are under recall for fire hazards, following one reported death

Over 1.2 million rechargeable lights are under recall for fire hazards, following one reported death

NEW YORK (AP) — More than 1.2 million rechargeable lights are under recall in the U.S. and Canada following a report of one consumer death.

One Billionaire's Genius Plan to Save the US Dollar From Collapse? - Ad

If you're holding any US dollars, you need to see what this tech titan is up to now... This could be the biggest change to our financial system since the creation of the Federal Reserve in 1913. Hurry... He has said he could flip the switch "as early as mid 2024."

From Trump's Possible Re-Election, Biden's Georgia Lead, To Michael Cohen's Family Being Doxxed: This Week In Politics

From Trump's Possible Re-Election, Biden's Georgia Lead, To Michael Cohen's Family Being Doxxed: This Week In Politics

Political news dominated by Trump and Biden, from inflation concerns to polls in Georgia. Experts weigh in on potential re-election and jail time.

Regulators Turn Up The Heat On 'Roaring Kitty' Over Recent GameStop Trading Activity: What You Need To Know

Regulators Turn Up The Heat On 'Roaring Kitty' Over Recent GameStop Trading Activity: What You Need To Know

GameStop trader Keith Gill is facing increased scrutiny from Massachusetts Secretary of State Bill Galvin over potential manipulation.

Massive Crisis Looming -- Protect Your Savings Now - Ad

A massive crisis could begin to hit America before the election and it could ultimately destroy the very foundation of this country. That's why Dr. Weiss recorded this urgent video message where shares all the details about what's happening along the three steps you should consider to protect your money.

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired

Southwest Airlines CEO says he won't resign. A hedge fund is trying to get him fired

DALLAS (AP) — The CEO of said Wednesday he will not resign in the face of pressure from that wants him fired and that his leadership team will produce its own plan to boost the airline's .

Cybersecurity Provider CrowdStrike And These 2 Companies Make The Cut For S&P 500 Inclusion, Palantir Misses Out Yet Again

Cybersecurity Provider CrowdStrike And These 2 Companies Make The Cut For S&P 500 Inclusion, Palantir Misses Out Yet Again

Palantir was once again overlooked, while an asset manager and two tech companies were deemed worthy of being added to the prestigious index.

Breaking News: Elon Musk Invents New Type of A.I. - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... Elon Musk is about to shock the world again with this new type of A.I.... Mining new millionaires in the process.

Walmart offers new perks for workers, from a new bonus plan to opportunities in skilled trade jobs

Walmart offers new perks for workers, from a new bonus plan to opportunities in skilled trade jobs

NEW YORK (AP) — is offering new perks for its hourly U.S. workers, ranging from a new bonus plan to opportunities to move into skilled trade jobs within the company.

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan Chase maintains bearish outlook on US stock market, predicting decline despite record highs. Fed may adjust projections and risks are abundant, but S&P 500 forecasts remain unchanged.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock

How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock

This week's Viridian Valuation Tracker investigates the valuation metrics of Canadian cultivation and retail companies with market caps over $100M.

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is urging shareholders to cast their votes on their shares by offering them an opportunity to win a personal tour of the company's Texas facility.

What's the #1 Stock to Build Generational Wealth Right Now? - Ad

One Wall Street millionaire will give you a surprising answer. He bought AAPL at $0.35 and AMZN under $2.50. Recently, he sat down for an exclusive interview, revealing EXACTLY where to put your money this year. An investment vehicle he's so confident in, he says he'd put 50% of his kids' inheritance into this stock.

Biden, Trump Should Both Drop Out Of 2024 Election, Leading Pollster Says: 'Country Would Be Better Served'

Biden, Trump Should Both Drop Out Of 2024 Election, Leading Pollster Says: 'Country Would Be Better Served'

Leading pollster Nate Silver suggests that Joe Biden should drop out of the 2024 presidential election.

Stock market today: Asian markets mixed following hotter-than-expected US jobs report

Stock market today: Asian markets mixed following hotter-than-expected US jobs report

HONG KONG (AP) — Asian markets were mixed on Monday after a released Friday came in hotter than expected, while the euro fell after French President Emmanuel Macron dissolved the National Assembly following a setback in Sunday's parliamentary election.

Could This New Project Top $1T? - Ad

This billionaire has predicted that his new venture - something I'm calling "X-9840" - could become "a trillion dollar company." Today, only three companies in the US are worth more than $2 trillion. Microsoft... Apple...and Nvidia. This has nothing to do with electric vehicles... Self-driving cars, rockets, brain chips, or satellites.

Poland says a fake news report on mobilizing 200,000 men was likely the work of Russia

Poland says a fake news report on mobilizing 200,000 men was likely the work of Russia

WARSAW, Poland (AP) — A fake news report on Poland's national news agency saying that Prime Minister Donald Tusk was mobilizing 200,000 men starting on July 1 was probably the work of Russia-sponsored hackers and was designed to interfere with the upcoming European Parliament election, authorities said.

In Burundi, shortages and power cuts slow a return from international isolation

In Burundi, shortages and power cuts slow a return from international isolation

BUJUMBURA, Burundi (AP) — Burundi seems to be running short of everything but patience.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

Stock market today: Asian shares are mixed ahead of a Fed decision on interest rates

Stock market today: Asian shares are mixed ahead of a Fed decision on interest rates

BANGKOK (AP) — Shares were mixed Wednesday in Asia ahead of a decision by the Federal Reserve on interest rates.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service