Stock market today: Asian benchmarks are mixed while US seems committed to current rates

TOKYO — Asian shares were trading mixed Wednesday, as expectations resurfaced that U.S. interest rates may stay high for a while.

The Dow Jones Industrial Average rose 63.86, or 0.2%, to 37,798.97, and the Nasdaq composite fell 19.77, or 0.1%, to 15,865.25. But yields later pared their gains as the afternoon progressed, and the two-year yield drifted back to 4.98%. That's still up from 4.91% late Monday. The company said it's rolling out a service to stream live TV on its Truth Social app, including news networks and “other content that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services.”

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