Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records

  • 📰 AP
  • ⏱ Reading Time:
  • 39 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 68%
  • Publisher: 51%

Financial Markets News

Inflation,Federal Reserve System,General News

Asian shares have carried on with the blistering rally on Wall Street, as Japan's Nikkei 225 index surged over 42,000 for the first time. On Wednesday, the U.S. stock market vaulted to more all-time highs. The S&P 500 jumped 1% and topped the 5,600 level for the first time. The Nasdaq composite added 1.2% to its all-time high set a day before.

Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new recordsStock market today: Asian shares are mixed after Fed chair’s comments give scant clues on rate cuts

The U.S. stock market vaulted to more all-time highs on Wednesday, led by big technology companies whose shares have been soaring thanks to the frenzy over artificial intelligence.The S&P 500 jumped 1% and topped the 5,600 level for the first time, closing at 5,633.91.Advanced Micro Devices was another major force behind the stock market’s leap, and it jumped 3.9% after announcing a $665 million deal to buy Silo AI, a European AI lab.

Later Thursday, the U.S. government will release the latest monthly update on inflation. Economists expect it to show U.S. consumers paid prices for food, airline tickets and everything else that were 3.1% higher in June than a year earlier. That would be a touch slower than May’s 3.3% inflation rate.

 

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: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher. Shares fell in Chinese markets, while U.S. futures edged higher. Oil prices fell. On Wednesday, U.S.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Japan's Nikkei 225 hits new record close, leading Asian shares higherJapan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher.
Source: ksatnews - 🏆 442. / 53 Read more »

Asian stocks: Nikkei outperforms, China lags on weak PMIAsian stocks: Nikkei outperforms, China lags on weak PMI
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks rise with Nikkei at record highs, China lags on trade fearsAsian stocks rise with Nikkei at record highs, China lags on trade fears
Source: Investingcom - 🏆 450. / 53 Read more »

Asian stocks surge as TSMC boosts tech; Nikkei at record highAsian stocks surge as TSMC boosts tech; Nikkei at record high
Source: Investingcom - 🏆 450. / 53 Read more »