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Stock market today: Japan leads losses in Asia after sharp decline on Wall St driven by Big Tech

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Asian stocks are mostly lower, with Japan’s benchmark Nikkei losing over 2% in early trading.

Karen Falks started her SAPD career in 1989 at 21 years old.

China markets were the exception from Friday's downturn vibe. The Hang Seng in Hong Kong added 1.0% to 20,526.69 and the Shanghai Composite index was up 0.4% at 3,294.55. On Thursday, the S&P 500 sank 1.9% to 5,705.45 for its worst day in eight weeks, and fell further from its. The Dow Jones Industrial Average dropped 0.9% to 41,736.46, while the Nasdaq composite tumbled 2.8% to 18,095.15 for a second-straight loss after setting its

The tumble for Big Tech on the last day of October wiped out the S&P 500’s gain for the month. The index fell 1% for its first down month in the past six, even though it set an all-time high during that period.that the Federal Reserve likes to use slowed to 2.1% in September from 2.3%. That’s almost all the way back to the Fed’s 2% target, though underlying trends — after ignoring food and energy costs — were a touch hotter than economists expected.

 

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