Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lower

BusinessA person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Tuesday, Aug. 27, 2024, in Tokyo. – Asian stocks were down Tuesday after a mixed finish on Wall Street, where the Dow Jones Industrial Average climbed to an all-time high while Big Tech companies pulled the S&P 500 and the Nasdaq composite lower.

Japan’s benchmark Nikkei 225 edged down 0.1% in morning trading to 38,055.62. Australia’s S&P/ASX 200 dipped 0.1% to 8,077.50. South Korea’s Kospi dropped 0.4% to 2,687.43. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 3.82% from 3.80% late Friday. Semiconductor company Nvidia reports its latest financial results on Wednesday. It has been a big beneficiary of Wall Street’s mania aroundShares in other chipmakers also fell. Broadcom lost 4.1%, Advanced Micro Devices dropped 3.2% and Lam Research slid 3.4%.

The key report for investors this week will come on Friday, when the the government serves up its latest data on inflation with the PCE, or personal consumption and expenditures report, for July. It is the Federal Reserve's preferred measure of inflation.

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.

Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lowerAsian stocks are down after a mixed finish on Wall Street, with the Dow Jones Industrial Average climbing to an all-time high while Big Tech companies pulled the S&P 500 and the Nasdaq composite lower. U.S. futures fell. Oil prices eased from their recent highs, which had been driven by heavy fire between Israel and Hezbollah on Sunday.
Source: AP - 🏆 728. / 51 Read more »

S&P 500 closes higher ahead of busy week as Fed meeting, big tech earnings eyedS&P 500 closes higher ahead of busy week as Fed meeting, big tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Dow Jones, Nasdaq, S&P 500 weekly preview: Spotlight on Big Tech earnings, FOMCDow Jones, Nasdaq, S&P 500 weekly preview: Spotlight on Big Tech earnings, FOMC
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 rises as tech leads recovery after tumultuous weekStock Market Today: S&P 500 rises as tech leads recovery after tumultuous week
Source: Investingcom - 🏆 450. / 53 Read more »

S&P 500 rises ahead of major tech earnings reports set for later this week: Live updatesThe S&P 500 rose Monday as Wall Street geared up for a busy week of corporate earnings.
Source: CNBC - 🏆 12. / 72 Read more »