Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slide

Currency traders pass by a 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, Thursday, Sept. 12, 2024. A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.

Shares in Nippon Steel Corp. were little changed after Keidanren, a group of Japan’s top businesses, expressed in a letter to U.S. Treasury Secretary Janet Yellen concerns about “political interference” in“America’s investment climate will be severely tarnished if such political interference prevails,” according to the letter, which was also signed by the U.S. Chamber of Commerce, Global Business Alliance, Alliance for Automotive Innovation and other groups.

The Dow Jones Industrial Average rose by 124 points, or 0.3%, after rallying back from a drop of 743 points. The Nasdaq composite jumped 2.2%., overall inflation slowed to 2.5% in August from 2.9% in July, a touch better than expected. But prices rose more than expected from July into August when ignoring food and energy, and economists say that can be a better predictor of where inflation is heading.

Besides the 8.1% jump for Nvidia, gains of 2.8% for Amazon, 2.1% for Microsoft and 6.8% for Broadcom were the strongest forces lifting the S&P 500.

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 echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half. Benchmarks rose in Tokyo, Sydney, Seoul and Hong Kong in Tuesday morning trading.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish. Benchmarks fell early Wednesday in Tokyo, Seoul, Sydney, Hong Kong and Shanghai. Investors were watching for any market impact from the debate between Vice President Kamala Harris and former President Donald Trump. The U.S.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian benchmarks dip after Wall Street's mixed finishAsian shares are trading mostly lower after Wall Street drifted to a mixed finish.
Source: wjxt4 - 🏆 246. / 63 Read more »