Stock market today (May 27, 2024): Asian shares mostly higher after rebound on Wall St | Elaine Kurtenbach / The Associated Press

Asian shares were mostly higher on Monday after U.S. stocks bounced back from Wall Street’s worst day since April to finish higher for the week.Tokyo’s Nikkei 225 added 0.7% to 38,900.02 and the Kospi in Seoul jumped 1.2% to 2,717.71.

On Friday, the S&P 500 gained 0.7% to 5,304.72 and won back all its losses from the prior two days. It eked out a tiny gain for the week, extending its weekly winning streak to five, and is sitting just below its record set on Tuesday. , which has rocketed to become one of Wall Street’s most influential stocks amid a frenzy around artificial-intelligence technology. Fervor around AI had pushed some stocks to heights that critics called overdone, but Nvidia’s The overall U.S. economy has been showing continued strength for spending by U.S. households, but numbers beneath the surface

That could help stave off a vicious cycle where high expectations for inflation among U.S. households drive them to behave in ways that only make inflation worse.That in turn could delay a cut to the Federal Reserve’s main interest rate, which is sitting at the highest level in more than 20 years. The Fed is trying to pull of the difficult feat of slowing the economy enough through high interest rates to stifle high inflation but not so much that it kneecaps the job market.

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 (May 13, 2024): Asian stocks drift after Wall Street closes another winning weekHONG KONG — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil prices fell. The release of weak Chinese lending data and news that the U.S.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Stock market today (May 22, 2024): Wall Street drifts higher to set more recordsNEW YORK — U.S. stock indexes drifted higher Tuesday to set more records following another quiet day of trading. The S&P 500 rose 13.28 points, or 0.3%, to 5,321.41 and surpassed its record set last week. The Nasdaq composite added 37.75, or 0.2%, to 16,832.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Stock market today (May 7, 2024): Wall Street rises to add to last week’s gainsU.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The S&P 500 rose 52.95, or 1%, to 5,180.74. The Dow Jones Industrial Average added 176.59, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92, or 1.2%, to 16,349.25.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Stock market today (May 3, 2024): Wall Street climbs to trim its loss for the weekNEW YORK — U.S. stocks climbed Thursday to trim the majority of their losses for the week. The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them.
Source: BusinessMirror - 🏆 19. / 59 Read more »