- Asian markets track Wall St rally on jobs data
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- Tunisia incumbent Saied set to win presidential vote: exit polls
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Two elephants die in flash flooding in northern Thailand
- Tunisia votes with Saied set for re-election
- Too hot by day, Dubai's floodlit beaches are packed at night
- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
- Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
- 'Devastating' storm hits Augusta National but Masters will go on
- Relief in Brazil, Asia over delay to EU deforestation rules
- Oil prices jump, stocks fall on Middle East tensions
- Biden says 'discussing' possible Israeli strikes on Iran oil facilities
- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
- Phasing out teen smoking could save 1.2 mn lives: study
- 'Welcome relief': Asia producers hail EU deforestation law delay
- Japan PM slated to announce plans for 'happiness index'
- Turkish inflation falls less than expected in September at 49.4%
- Easing inflation lifts profit at UK supermarket Tesco
- Skiing calls on UN climate science to combat melting future
- China wine industry looks to breed climate resilience
- Tokyo rallies on weak yen, Hong Kong drops after surge
- Dutch airline KLM unveils 'firm' cost-cutting measures
- Carpe diem: the Costa Rican women turning fish into fashion
Apple rally fuels tech share turnaround, lifting US stocks
Tech shares were back on their front foot Friday following solid Apple results, boosting the Nasdaq nearly three percent and adding to weekly gains.
Apple, the biggest company in terms of market value, soared nearly eight percent after reporting higher profits despite lower-than-expected iPhone sales.
Apple's surge helped offset a comparable drop in Amazon shares on a disappointing holiday-quarter forecast and added to buying momentum on Wall Street following a mixed day in global bourses and a drop in oil prices.
"The stock market showed impressive resilience today," observed Briefing.com after the Dow's sixth straight positive session.
The gains by Apple helped prompt an advance by large tech companies like Microsoft and Google parent Alphabet that were punished earlier in the week in a pullback that investors feared could mark a major negative turning point for tech giants.
Art Hogan, analyst at B. Riley Financial, said tech shares benefited Friday from an "oversold rebound," adding that semiconductor shares were lifted by Facebook parent Meta's plan to boost investment in the metaverse.
Stocks have also been boosted in recent sessions by hopes the Federal Reserve will soon moderate its policies to counter inflation.
Markets largely shrugged off a mixed US economic data that showed inflation lingering but also a jump in household spending.
In Europe, Germany's economy unexpectedly grew in the third quarter, but slowing growth in France and Spain added to fears that high inflation and an energy crisis will tip the region into recession.
"Today's positive growth data is a welcome surprise. However, it does not mean that the German economy will be able to prevent a recession," said ING economist Carsten Brzeski.
Elsewhere, the yen was down against the dollar after Japan's Prime Minister Fumio Kishida said the country would spend $260 billion on a stimulus package to cushion the weak economy.
The yen has plunged to 32-year lows versus the dollar in recent weeks as Japan's central bank refuses to hike interest rates despite sky-high inflation, fueled by soaring energy prices.
"The Japanese yen is once again the worst performer today after the Bank of Japan kept its monetary policy unchanged," said market analyst Michael Hewson at CMC Markets.
- Key figures around 2040 GMT -
New York - Dow: UP 2.6 percent at 32,861.80 (close)
New York - S&P 500: UP 2.5 percent at 3,901.06 (close)
New York - Nasdaq: UP 2.9 percent at 11,102.45 (close)
London - FTSE 100: DOWN 0.4 percent at 7,047.67 (close)
Frankfurt - DAX: UP 0.2 percent at 13,243.33 (close)
Paris - CAC 40: UP 0.5 percent at 6,273.05 (close)
EURO STOXX 50: UP 0.2 percent at 3,613.02 (close)
Tokyo - Nikkei 225: DOWN 0.9 percent at 27,105.20 (close)
Hong Kong - Hang Seng Index: DOWN 3.7 percent at 14,863.06 (close)
Shanghai - Composite: DOWN 2.3 percent at 2,915.93 (close)
Euro/dollar: UP at $0.9967 from $0.9965 on Thursday
Pound/dollar: UP at $1.1618 from $1.1567
Dollar/yen: UP at 147.46 yen from 146.27 yen
Euro/pound: DOWN at 85.77 pence from 86.11 pence
West Texas Intermediate: DOWN 1.3 percent at $87.90 per barrel
Brent North Sea crude: DOWN 1.2 percent at $95.77 per barrel
burs-jmv/md
A.Mykhailo--CPN