· Stocks rose on Thursday, making back some of the steep losses in the previous session, as retail giant Walmart’s earnings and strong retail sales figures led investors to believe the U.S. consumer could help the country avoid a recession.
· The Dow Jones Industrial Average ended the volatile session 99.97 points, or 0.39%, higher to 25,579.39 after suffering its worst day of the year Wednesday. The S&P 500 was up 0.25%, or 7 points, to2,847.6, while the Nasdaq Composite was slightly lower at 7,766.62.
· European stocks traded lower Thursday amid a volatile session following a global sell-off as bond markets stoked fears of an impending recession.
The pan-European Stoxx 600 finished the session provisionally down 0.33% in afternoon trade, autos leading losses with a 1.5% fall as the majority of sectors and major bourses dropped into the red. Utilities were the standout performers, gaining 0.7%.
· Stocks in Asia were mixed Friday morning as investors watched yields on longer duration U.S. Treasurys.
The Nikkei 225 slipped 0.35% in early trade as shares of index heavyweight and robot maker Fanuc declined 0.97%. The Topix index also shed 0.33%.
In South Korea, the Kospi dropped 1.08% following its return from a holiday. Shares of chipmaker SK Hynix fell 1.56% and LG Chem slipped 2.01%. Meanwhile, Australia’s S&P/ASX 200 traded fractionally higher.
Overall, the MSCI Asia ex-Japan index declined 0.14%.
Reference: CNBC, Reuters
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