Stock market today: Asian markets advance after Wall Street logs its best week in nearly a year

Lowest price on the web! This all-in-one PDF app is $70 for lifeA post office worker rides a bicycle past an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, Nov. 6, 2023, in Tokyo. Asian shares advanced Monday following Wall Street gains last week that were buoyed by hopes for early interest rate cuts. – Asian shares advanced Monday following Wall Street gains last week that were buoyed by hopes for early interest rate cuts.South Korean stocks surged 4.

Strong profit reports helped drive some stocks to towering gains. Generac, a maker of backup generators, soared nearly 28% for its best week since its stock began trading in 2010. At Expedia Group, another stronger-than-forecast report sent its stock nearly 22% higher for its best week since the market was surging out of the early 2020 coronavirus crash.. Those yields were in turn catching up to the Fed’s main interest rate, which is above 5.25% and at its highest level since 2001.

In the bond market, Treasury yields tumbled just after the jobs report, releasing more of the pressure that had built up on Wall Street. The yield on the 10-year Treasury eased to 4.58% early Monday from its highest level since 2007, at more than 5%, two weeks earlier. Despite reporting stronger-than-expected profits, Apple, the most influential stock on Wall Street, fell 0.5%. Analysts said investors were likely disappointed withA barrel of benchmark U.S. oil rose 45 cents to $80.96 in electronic trading on the New York Mercantile Exchange. It fell $1.95 to $80.51 per barrel Friday. Brent crude, the international standard, gained 39 cents to $85.28 per barrel.

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 today: Wall Street closes its best week of the year with even more gainsAsian shares have advanced following Wall Street gains last week that were buoyed by hopes for early interest rate cuts. South Korea's Kospi jumped more than 4% after the government restored a ban on short-selling that had been lifted since May 2021. Japan's benchmark was up 2.4%.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian markets advance after Wall Street logs its best week in nearly a yearAsian shares have advanced following Wall Street gains last week that were buoyed by hopes for early interest rate cuts.
Source: ksatnews - 🏆 442. / 53 Read more »

Top Wall Street analysts say buy these dividend stocks for enhanced returnsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including McDonald’s and AT&T.
Source: NBCLA - 🏆 319. / 59 Read more »

Top Wall Street analysts say buy these dividend stocks for enhanced returnsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including McDonald’s and AT&T.
Source: NBCDFW - 🏆 288. / 63 Read more »