Forecast Trend Report by Period
Major US stock indexes rose in early trading on April 22 after news that the US had extended a ceasefire in the Middle East conflict.
As of 9:36 a.m. in New York, the Dow Jones Industrial Average was up 342.07 points, or 0.70%, at 49,491.45. The S&P 500 gained 43.45 points, or 0.62%, to 7,107.46, while the Nasdaq Composite advanced 170.91 points, or 0.70%, to 24,430.88.
A second round of US-Iran talks aimed at ending the war fell through after Iran did not attend. Investor sentiment improved after President Donald Trump said he would extend the ceasefire. Still, gains moderated after reports that Iran had seized three vessels passing through the Strait of Hormuz.
Adobe rose more than 3% in early trading after announcing plans to buy back $25 billion of its own stock by April 2030.
Seagate gained 3.87% after Barclays upgraded the stock to overweight.
Boeing climbed nearly 5% after reporting better-than-expected first-quarter results. The company posted a net loss of 20 cents a share, smaller than the 80-cent loss expected by the market. Revenue was $22.22 billion, above the consensus estimate of $21.78 billion.
Han Kyung-woo, Hankyung.com reporter case@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
