Stock market today: Live updates

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An Hour Ago

Yen strengthens sharply after crossing 160 against the dollar

The Japanese yen strengthened sharply in afternoon trading, hours after the currency slid past the 160 mark against the U.S. dollar, hitting its weakest point in 34 years.

Since hitting that record, the yen strengthened against the greenback, trading at 155.43 at 2:12 p.m. local time. Japan’s markets are currently closed for a public holiday.

There was no official indication of an intervention by Japanese authorities. But traders and analysts have been on intervention watch for the yen in recent weeks.

6 Hours Ago

China’s industrial profits post slower gains in first quarter

Industrial profits in China fell in March, slowing growth in the first quarter compared with the same period a year ago.

Industrial profits climbed 4.3% year-on-year in the January to March period, compared to a 10.2% year-on-year gain seen in the January and February period.

China reports its industrial profits data on a rolling year-to-date basis, and usually combines January and February economic data into a single reading.

A Goldman Sachs report calculated that China’s industrial profits and revenue fell by 4% and 1.3%, respectively, year on year in March alone, compared to the 10.2% gain in profit and 4.5% rise in revenue in the combined January-February period.

— Lim Hui Jie

8 Hours Ago

Stocks come off winning week

Stocks have momentum after the three major indexes all gained last week.

The S&P 500 and Nasdaq Composite each saw their best weeks since November. The S&P 500 climbed 2.7%, ending a three-week down streak. The Nasdaq popped 4.2%, marking its first positive week of the last five.

Meanwhile, the Dow rose 0.7%.

— Alex Harring

9 Hours Ago

Stock futures are near flat

Stock futures posted marginal moves shortly after 6 p.m. ET. Sunday night.

S&P 500 futures rose 0.2%, while Dow and Nasdaq 100 futures each advanced around 0.1%.

— Alex Harring



This article was originally published by a www.cnbc.com

Read it HERE

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