Stock market today: Asian shares mixed after calm day on Wall St

  • 📰 AP
  • ⏱ Reading Time:
  • 36 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 70%
  • Publisher: 51%

Financial Markets News

Walt Disney Co,General News,Japan Government

Asian shares are mixed after U.S. stocks held relatively steady on Wall Street. Tokyo's Nikkei 225 lost 1.5% but most other markets saw modest changes. The yen weakened further against the U.S. dollar. On Tuesday, the S&P 500 rose 0.1% in its fourth straight gain. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite slipped 0.1%.

A currency trader passes by the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 8, 2024. Currency traders work near the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 8, 2024.

A weak yen helps the profits of Japanese companies that earn much of their revenue overseas, but fluctuations in rates can upend planning and the yen’s weakness has severely eroded the purchasing power of both households and businesses, pushing up costs of imports of food and energy, among other things.

The Dow Jones Industrial Average added 0.1%, to 38,884.26, and the Nasdaq composite slipped 0.1%, to 16,332.56. That could suggest investors are listening to critics who have been calling the U.S. stock market broadly too expensive following its run to records this year. For stock prices to climb further, either profits will need to grow more or interest rates will need to fall.

 

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 today: Asian shares mostly gain after tech shares lead Wall St higherAsian markets are mostly higher after another day of gains on Wall Street led by technology stocks.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly gain after tech shares lead Wall St higherAsian markets are mostly higher after another day of gains on Wall Street led by technology stocks.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares track Wall St’s advance fueled by cooler jobs dataAsian shares were mostly higher on Monday after Wall Street ended last week with the stock market's best day in over two months in a rally backed by the
Source: Mynorthwest - 🏆 438. / 53 Read more »

Stock market today: Asian shares track Wall St's advance fueled by cooler jobs dataAsian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares track Wall St's advance fueled by cooler jobs dataAsian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months. The rally late last week was backed by the cooler-than-expected U.S. employment data.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares track Wall St's advance fueled by cooler jobs dataAsian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months.
Source: ksatnews - 🏆 442. / 53 Read more »