Stock market today: Asian shares gain despite Wall Street's tech-led retreat

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Asian shares have advanced even after sinking technology stocks sent Wall Street lower again. U.S. futures were lower, while oil prices gained. On Wednesday, the S&P 500 index dipped 0.6% for its longest losing streak since early January. The Dow Jones Industrial Average edged 0.1% lower, and the Nasdaq composite fell 1.1%.

FILE - A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, April 16, 2024, in Tokyo. Asian shares advanced on Thursday even after sinking technology stocks sent Wall Street lower in the S&P 500’s worse losing streak since the start of the year. People pass the New York Stock Exchange, right, on Wednesday, April 17, 2024 in New York. Global shares are trading mixed after most U.S.

High interest rates hurt prices for investments and increase the risk of a recession, but Fed officials are concerned after a string of reports this year has shown Travelers slumped 7.4% after the insurer’s quarterly results fell short of forecasts. It had to contend with more losses from catastrophes.

 

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