News Formal

Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1

  • 📰 AP
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Asian shares have advanced after the latest tumble on Wall Street. U.S. futures gained and oil prices were $1 higher. On Thursday, stocks tumbled after big-name companies warned that an uncertain global economy may hurt their profits. The S&P 500 lost 1.2% touched its lowest level in five months and is nearly 10% below its high mark for the year.

A currency trader walks by the screens showing the Korea Composite Stock Price Index at a foreign exchange dealing room in Seoul, South Korea, Friday, Oct. 27, 2023. Asian shares advanced Friday after the latest tumble on Wall Street, where the S&P 500 fell to its lowest level in five months. A currency trader walks by the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.

Tokyo core consumer inflation, which excludes volatile fresh food prices, rose 2.7% in October, the Statistics Bureau reported Friday. As a leading indicator of nationwide trends, it suggests a broader trend of rising prices.Coke raises full-year sales forecast after stronger-than-expected 3rd quarter

Wall Street retreated Thursday, dropping nearly 10% below its high mark for the year, after big-name companies warned an uncertain global economy may hurt their profits. Higher interest rates could mean eventual weakness for the economy and corporate profits. And high bond yields make investors less willing to pay high prices for stocks and other investments.as they catch up with the main interest rate controlled by the Federal Reserve, which is at its highest level since 2001.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market News Today: Nasdaq Falls 300 Points; Alphabet Stock Price Falls After EarningsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow, S&P 500 Open Lower; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market News Today: Dow, Nasdaq Slip; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market News Today: Dow Opens Higher, Meta Stock Price Falls; Amazon Earnings in FocusLive updates on what's moving markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »

Stock market today: World shares slide after Wall St rout driven by high yields, mixed earningsShares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold. Sentiment also dimmed after some of the most influential companies turned in mixed profit reports. Tokyo's Nikkei 225 and the Kospi in Seoul were more than 2% lower. U.S. futures slipped and oil prices also fell.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: World shares slide after Wall St rout driven by high yields, mixed earningsShares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold.
Source: wjxt4 - 🏆 246. / 63 Read more »