Stock market today: World stocks rise after Wall Street barrels to records

The New York Stock Exchange, right, is shown in this view looking east on Wall St. on Wednesday, June 5, 2024. Global shares are mixed as investors weigh data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street. – Global markets rose Thursday after Wall Street barreled to records Wednesday as the frenzy around artificial-intelligence technology keeps sending stocks higher.

In Asian trading, Tokyo's Nikkei 225 index climbed 0.6% to 38,703.51. The Hang Seng in Hong Kong was 0.3% higher to 18,480.61 and the Shanghai Composite index dropped 0.5% at 3,048.79. Nvidia is leading the way because its chips are powering much of the rush into AI, and it rose another 5.2% to bring its gain for the year to more than 147%.

Treasury yields fell in the bond market following some mixed data on the economy. One report said real estate, health care and other businesses in the U.S. services sector returned to growth last month and beat economists’ forecasts. Perhaps more importantly for Wall Street, the report from the Institute for Supply Management also said prices rose at a slower pace in May than a month before.

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Stock market today: Global shares mixed after Wall Street's lull stretches to a 2nd dayWorld shares are mixed after Wall Street’s lull stretched into a second day.
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Stock market today: Global shares mixed after Wall Street's lull stretches to a 2nd dayWorld shares are mixed after Wall Street’s lull stretched into a second day.
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Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
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Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data. U.S. futures were mixed and oil prices fell. There were reports the Biden administration planning to raise tariffs on electric vehicles, semiconductors, solar equipment, and medical supplies imported from China. The S&P 500 rose 0.2% Friday.
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Stock market today: Asian stocks drift after Wall Street closes another winning weekAsian stocks are mostly lower following the weekend release of weak China lending data.
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