Stock market today: Asian shares mixed, with most regional markets closed after Wall St ticks higher

until further notice after they plunged nearly 20% on Wednesday and were suspended from trading as of Thursday.On Thursday, the S&P 500 rose 0.6% to 4,299.70. The Dow Jones Industrial Average added 0.3% to 33,666.34, and the Nasdaq composite gained 0.8%, to 13,201.28.

A 2.1% climb for Meta Platforms and 1.5% gain for Nvidia were two of the strongest forces lifting the S&P 500.announced a five-year partnershipOn the losing end, Micron Technology slumped 4.4% despite reporting better results for the latest quarter than analysts expected. Its forecast for upcoming profitability fell short of some analysts’ estimates.

The threat of higher rates for longer has pushed Treasury yields up sharply in the bond market. The yield on the 10-year Treasury climbed above 4.67% in the morning, near its highest level since 2007. It later fell back to 4.57%, down from 4.61% late Wednesday. Many other challenges are also looming over the economy and Wall Street besides the threat of higher interest rates for longer.as soon as this weekend, though financial markets have held up rather well during past shutdowns.. It’s the latest signal of a solid job market, one that has helped prevent a recession but may also be feeding upward pressure into inflation.during the summer, following some revisions to earlier estimates.

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