Stock Market Today: Live Updates

European stock markets opened slightly higher on Thursday, with the Stox 600 index up 0.3 percent as of 8:18 a.m. London time.

France’s CAC40 and Germany’s DAX both fell 0.3%.

Britain’s FTSE 100 index bucked the trend and fell 0.1% as traders digested Wednesday’s British inflation figures that subverted expectations for a June interest rate cut following the general election announcement that upset market expectations.

Jenni Reed

The Central Bank of Korea kept its policy interest rate unchanged at 3.5%, as expected in a Reuters poll.

The Bank of Korea left interest rates unchanged for the 11th consecutive meeting. It projected economic growth this year to be 2.5 percent, higher than its previous forecast of 2.1 percent.

It is expected that the speed of expansion of the IT economy, recovery in consumption, and financial policies of major countries will have an impact on South Korea’s growth.

The Bank of Korea predicts that this year’s consumer price inflation rate will be 2.6%, and the core price inflation rate is expected to be 2.2%, the same level as expected in February.

A Reuters poll showed the central bank was expected to cut interest rates by 50 basis points in the fourth quarter.

Shreyasi Sanyal

Shares in Singapore’s national carrier Singapore Airlines fell as much as 1.3% on Thursday, the biggest fall in more than a month.

This comes after Singapore Airlines Flight SQ321 encountered severe turbulence on Tuesday, killing one person and forcing it to make an emergency landing in Bangkok, Thailand. Singapore markets were closed on Wednesday.

The deceased was a 73-year-old British man who died of a suspected heart attack.

As of Wednesday, 58 people were still hospitalized, 20 of them in intensive care, according to local media CNA.

Lim Huijie

Japan’s manufacturing activity expanded for the first time in a year, while the service sector continued to grow in May, according to a private survey.

The Japan Manufacturing Purchasing Managers Index (PMI) released by au Jibun Bank rose from 49.6 in April to 50.5 in May. A PMI above 50 indicates growth.

The preliminary services industry PMI stood at 53.6 in May, down from April’s final reading of 54.3.

Business activity in May rose to 52.4 from 52.3 in April, the fastest pace in nine months.

“The expansion in business activity remains services-led, but manufacturing output has broadly stabilised, offering hopes of further picking up growth in the second half of the year,” the survey said.

— Shreyashi Sanyal

Here are some stocks that rose after the close:

• Snowflake — The cloud computing company surged more than 4%. LSEG said first-quarter fiscal revenue beat Street expectations, coming in at $829 million versus the consensus estimate of $786 million.
• VF Corp. — The apparel and footwear company posted a surprise loss in its latest quarter, and its shares fell nearly 12% as revenue fell short of Wall Street expectations.
• LiveRamp Holdings — The advertising technology stock rose about 17% after its fourth-quarter earnings beat analyst expectations, according to FactSet. LiveRamp also issued strong guidance for the current quarter and full year.

See the full list of names on the move here.

— Samantha Sabin

Shares of Live Nation Entertainment fell 6% in after-hours trading after Bloomberg News reported, citing people familiar with the matter, that the Justice Department will file antitrust charges against the ticket sales giant.

The solution under consideration would also include breaking up Live Nation, the concert promoter that merged with Ticketmaster in 2010, people familiar with the matter told Bloomberg.

Earlier this month, Live Nation reported a record first quarter, with revenue up 21% year-over-year to $3.8 billion.

–Darla Mercado

Nvidia stock had another strong quarter, driven by the strength of its artificial intelligence, rising more than 6% in overnight trading to surpass the $1,000 level for the first time in history.

The company reported adjusted earnings per share of $6.12, beating LSEG’s forecast of $5.59. Revenue was $26.04 billion, beating the $24.65 billion forecast. The company also provided strong sales guidance, saying it now expects sales of $28 billion for the current quarter, beating LSEG’s forecast of $26.61 billion.

Nvidia also announced a 10-for-1 stock split and announced that its revenue for the period increased 262% year-over-year, marking the third consecutive quarter of growth of more than 200%.

— Samantha Subin, Kif Leswing, Ashley Caputo