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Asian stocks struggled early Thursday as optimism from tech earnings faded quickly amid lingering AI concerns and uncertainty in the Gulf. MSCI's Asia-Pacific index excluding Japan fell 0.2%, on track for a fourth straight weekly decline, while Japan's Nikkei slipped 0.4% and Korean shares dropped more than 1%. Overnight, the Nasdaq rose after better-than-expected results from Space X and Meta, but Meta's plan to issue non-voting Class C stock drew renewed scrutiny on AI spending. Brent crude rose 1.1% to $110.03 a barrel, near a five-month high, after the US ordered diplomats to leave Saudi Arabia amid Houthi strikes.
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US stocks rose Tuesday, with the S&P 500 up 0.3% and the Dow up 479 points (0.9%), helped by strong quarterly results from Equifax (+11.3%), Hasbro (+10.6%) and 3M (+5.1%). Brent fell 0.7% to $108.79 after nearing its highest level since the Iran war began, lifting airlines such as American Airlines (+4.2%) and United Airlines (+2.4%). Braze soared 51.3% to $45.46 after Salesforce agreed to buy it for $47.50 per share in cash. General Motors fell 7.2% despite a bigger-than-expected profit, as the midpoint of its 2026 profit forecast fell short of expectations, though it announced a buyback of up to $20 billion. AI stocks remained volatile, with CoreWeave swinging between gains and losses and South Korean AI company Elice dropping 32% on its Seoul debut, which pushed the Kospi down 3.7%, while European indexes pared their losses, with the CAC 40 down 0.4% and the FTSE 100 down 0.3%.
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Most U.S. stocks rose Tuesday after strong profit reports from Equifax, Hasbro and other companies, while Brent crude eased to $108.79 a barrel. The S&P 500 gained 0.3% to 7,712.57, and the Dow rose 529 points (1%), while the Nasdaq slipped less than 0.1% amid swings in AI stocks. Equifax jumped 11.3% and Hasbro 11.2%, while Braze soared 51.7% after Salesforce agreed to buy it for $47.50 cash per share. General Motors fell 6.8% despite a bigger-than-expected profit, as its forecast midpoint for full-year 2026 profit fell short of analyst expectations. CoreWeave swung sharply after last week's roughly 25% drop, and South Korea's Kospi fell 3.7% as AI firm Elice lost 32% on its first day of trading in Seoul.
- US stocks rise after companies deliver strong profits and oil prices retreat
U.S. stocks rose Tuesday after strong profit reports from Equifax, Hasbro and others, while oil prices eased from near their highest since the Iran war began; the S&P 500 added 0.4%, and the Dow rose 1% at 12:41 p.m. ET. Equifax rallied 10.3%, Hasbro rose 7.5% and 3M gained 6.6%, while Brent crude fell 0.8% to $108.69, helping airlines such as American Airlines and United Airlines. Braze soared 51.6% to $45.32 after Salesforce agreed to buy it for $47.50 a share in cash, but General Motors sank 8.3% despite a bigger profit and a forecast midpoint below expectations. AI stocks stayed volatile: CoreWeave swung between gains and losses, and South Korea’s Elice fell 32% on its first trading day in Seoul.
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