Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in Tokyo

HONG KONG — Asian shares have tracked Wall Street’s rally, led by a 2.4% advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for semiconductor makers.Japan’s benchmark Nikkei 225 gained more than 900 points to close at 38,460.08, its highest level in a month.

Australia’s S&P/ASX 200 index rose 0.1% to 7,690.70 following the release of a fifth consecutive quarter of decelerating inflation, with the consumer price index in the first quarter easing to 3.6% from previous 4.1%. GE Aerospace flew 8.3% higher after it raised its profit forecast for the full year, in addition to beating expectations for first-quarter earnings.

The yield on the 10-year Treasury fell to 4.59% to relieve the pressure on stocks broadly, particularly high-growth ones and those that pay high dividends. ARK has long counted Tesla as one of its top holdings, but its more than 40% decline year-to-date has weighed heavily on the performance.Canadian AI stocks like Open Text Corp are changing the game. The post 3 Artificial Intelligence Stocks to Buy With $500 and Hold Forever appeared first on The Motley Fool Canada.Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earnings next week.

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