financetom
Market
financetom
/
Market
/
Japan's Nikkei falls as Wall Street tech losses weigh
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Nikkei falls as Wall Street tech losses weigh
Aug 29, 2024 2:22 AM

TOKYO, Aug 27 (Reuters) - Japan's Nikkei share average

edged down in early trade on Tuesday, tracking overnight

declines on Wall Street, dragged lower by technology stocks.

The Nikkei was down 0.5% at 37,936.68, as of 0009

GMT, while the broader Topix declined 0.2%.

The S&P 500 finished lower on Monday, with AI heavyweight

Nvidia ( NVDA ) dipping ahead of its quarterly report this week.

The tech-heavy Nasdaq also declined.

Japanese technology shares followed their U.S. peers lower,

with chip-related majors Tokyo Electron ( TOELF ) and Advantest ( ADTTF )

, which counts Nvidia ( NVDA ) among its customers, dragging on

the overall Nikkei.

Movements in foreign exchange also weighed on sentiment

after the yen hit a three-week high of 143.45 against the dollar

on Monday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS-Dow closes at record high; Nvidia falls after forecast
US STOCKS-Dow closes at record high; Nvidia falls after forecast
Sep 2, 2024
* Q2 GDP second estimate shows US economy grows 3% * CrowdStrike ( CRWD ) up after upbeat Q2 revenue * Apple ( AAPL ) gains after Citigroup ( C/PN ) selects company as top AI pick (Updates with market close) By Johann M Cherian and Noel Randewich Aug 29 (Reuters) - The Dow notched a record high close on...
Solid US consumer spending pushes against hopes for hefty Fed rate cut
Solid US consumer spending pushes against hopes for hefty Fed rate cut
Sep 2, 2024
* Consumer spending increases 0.5% in July * PCE price index rises 0.2%, advances 2.5% year-on-year * Core PCE inflation gains 0.2%; up 2.6% year-on-year * Personal income climbs 0.3%; saving rate falls to 2.9% By Lucia Mutikani WASHINGTON, Aug 30 (Reuters) - U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the...
Sector Update: Energy Stocks Advance Pre-Bell Thursday
Sector Update: Energy Stocks Advance Pre-Bell Thursday
Sep 2, 2024
09:19 AM EDT, 08/29/2024 (MT Newswires) -- Energy stocks were advancing pre-bell Thursday as the Energy Select Sector SPDR Fund ( XLE ) was up 0.6% recently. The United States Oil Fund ( USO ) was 0.6% higher and the United States Natural Gas Fund ( UNG ) was down 3%. Front-month US West Texas Intermediate crude oil was up...
This Analyst With 87% Accuracy Rate Sees Over 24% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
This Analyst With 87% Accuracy Rate Sees Over 24% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Sep 2, 2024
U.S. stocks settled higher on Friday, with the Dow Jones index notching a new record high during the session. Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary...
Copyright 2023-2026 - www.financetom.com All Rights Reserved