US stocks closed mixed yesterday as the Dow-Jones closed 0.15% lower. The NASDAQ was pulled up by tech companies, adding 0.20% while the S&P 500 lost 0.31%. Yahoo! Inc. which owns 24% of Alibaba, added almost 5% in the last few days ahead of the former’s IPO on the 18th. Boeing Co added 2.64% after signing a deal to sell 100 new 737 planes. Not all companies performed well, however: General Motors registered a 3.03% decrease after Morgan Stanley analysts lowered the automaker’s target price from $33 to $29 per share.
In Europe, majority of the movement was bearish on uncertainty regarding the referendum for Scottish Independence due to take place next week. BP PLC (-0.71%) continued extending its weekly losses after showing a moderate upwards correction for the past two days.
Asian stocks were mixed on negative sentiment from yesterday’s U.S session and mixed data from China. Japanese stocks increased as the USD/JPY continued climbing to new heights. SoftBank Corp added 4.47% on enthusiasm for Chinese e-commerce giant Alibaba Group’s Holdings. Honda Motor Co Ltd., who gets 84% of its sales from abroad, gained 1.11% as the Yen weakened.
September 9, 2014 – Stock Market News
US stocks closed mixed yesterday as the Dow-Jones closed 0.15% lower. The NASDAQ was pulled up by tech companies, adding 0.20% while the S&P 500 lost 0.31%. Yahoo! Inc. which owns 24% of Alibaba, added almost 5% in the last few days ahead of the former’s IPO on the 18th. Boeing Co added 2.64% after signing a deal to sell 100 new 737 planes. Not all companies performed well, however: General Motors registered a 3.03% decrease after Morgan Stanley analysts lowered the automaker’s target price from $33 to $29 per share.
In Europe, majority of the movement was bearish on uncertainty regarding the referendum for Scottish Independence due to take place next week. BP PLC (-0.71%) continued extending its weekly losses after showing a moderate upwards correction for the past two days.
Asian stocks were mixed on negative sentiment from yesterday’s U.S session and mixed data from China. Japanese stocks increased as the USD/JPY continued climbing to new heights. SoftBank Corp added 4.47% on enthusiasm for Chinese e-commerce giant Alibaba Group’s Holdings. Honda Motor Co Ltd., who gets 84% of its sales from abroad, gained 1.11% as the Yen weakened.
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