Stock market today: Asian shares start June with big gains following Wall St rally

Hong Kong's Hang Seng led the region's gain, jumping 2.7% to 18,560.98 and the Shanghai Composite index rose 0.3%, to 3,095.63.Australia's S&P/ASX 200 climbed 0.7% to 7,756.80.On Friday, the S&P 500 rose 0.8% to close its sixth winning month in the last seven, ending at 5,277.51. The Dow leaped 1.5% to 38,686.32, and the Nasdaq slipped less than 0.1% to 16,735.02.Gap soared to one of the market’s biggest gains, 28.

The Fed has been keeping the federal funds rate at the highest level in more than 20 years in hopes of slowing the economy enough to stifle high inflation. But if it holds rates too high for too long, it could choke off the economy’s growth and cause a recession that throws workers out of their jobs and craters profits for companies.The yield on the 10-year Treasury fell to 4.50% Friday from 4.55% late Thursday. It had topped 4.

Nvidia fell for a second straight day, losing 0.8%, as its momentum finally slows after soaring more than 20% since itson felony charges Thursday. The company, which runs the Truth Social platform, had warned earlier in filings with U.S. securities regulators about potential impact from a conviction.

Brent crude, the international standard, rose 46 cents to $81.57 after OPEC agreed during the weekend to maintain its production cuts, which have been supporting prices.Got some cash to fill up your TFSA? Here are two stocks that look like good buys on the recent TSX stock market correction. The post 2 No-Brainer Stocks to Buy With $7,000 appeared first on The Motley Fool Canada.Most retirees live on a fixed income, so they look for ways to cut down on expenses and save money.

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