US stocks closed mix yesterday as the Dow-Jones closed 0.15% lower, the NASDAQ was pulled up by tech companies, adding 0.20% and S&P 500 lost 0.31%. Yahoo who owns 24% of Alibaba added almost 5% in the last few days ahead of the Alibaba IPO on the 18th. Boeing Co added 2.64% after signing a deal to sell 100 new 737 planes. On the losers side we see General Motors with a 3.03% decrease after Morgan Stanley analysts lowered its target price from $33 to $29 per share.
Asian stocks closed mixed on negative sentiment from the U.S session yesterday. In China, the Shanghai Composite index declined 0.14% and the Hang-Seng index lost 0.20% as Tencent Holding Ltd (-1.71%) continued declining for the 2nd day. In Japan, the Nikkei index advanced 0.32% as the USD/YEN reached above 106.2 yen per dollar. A Weaker yen is making Japanese equities cheaper and more attractive to investors. Another effect is the lowering of costs while driving good value for consumers. An example is Honda Motor Co (+1.1%) as 84% of its sales are abroad.
September 9, 2014 – Stock Market News
US stocks closed mix yesterday as the Dow-Jones closed 0.15% lower, the NASDAQ was pulled up by tech companies, adding 0.20% and S&P 500 lost 0.31%. Yahoo who owns 24% of Alibaba added almost 5% in the last few days ahead of the Alibaba IPO on the 18th. Boeing Co added 2.64% after signing a deal to sell 100 new 737 planes. On the losers side we see General Motors with a 3.03% decrease after Morgan Stanley analysts lowered its target price from $33 to $29 per share.
Asian stocks closed mixed on negative sentiment from the U.S session yesterday. In China, the Shanghai Composite index declined 0.14% and the Hang-Seng index lost 0.20% as Tencent Holding Ltd (-1.71%) continued declining for the 2nd day. In Japan, the Nikkei index advanced 0.32% as the USD/YEN reached above 106.2 yen per dollar. A Weaker yen is making Japanese equities cheaper and more attractive to investors. Another effect is the lowering of costs while driving good value for consumers. An example is Honda Motor Co (+1.1%) as 84% of its sales are abroad.
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