Stock market today: Asian shares fall after Wall Street pulls back from its records

TOKYO — Asian shares mostly declined in cautious trading Tuesday ahead of earnings reports in the region and elsewhere, as Wall Street’s long, record-breaking rally ran out of steam.

“The next two weeks are set to be a wild ride. Volatility has surged across stocks, bonds, and currencies as investors brace for a perfect storm of risks: a hotly contested U.S. election, critical interest-rate decisions in both the U.S. and Europe, the looming threat of a wider Middle East conflict, and the ever-present pressure of quarterly earnings,” Stephen Innes, managing partner at SPI Asset Management said in a commentary.

The declines mean at least a pause in Wall Street’s rally to records, which was built in large part on optimism that the U.S. economy can maketo keep the economy humming, optimists hope stocks can rise even further. But critics are warning stock prices look too expensive given they’ve climbed much faster than corporate profits.

In energy trading, benchmark U.S. crude lost 21 cents to $70.35 a barrel. Brent crude, the international standard, fell 36 cents to $73.93 a barrel. Is Aston Villa v Bologna on TV tonight? Kick-off time, channel and how to watch Champions League fixtureBiden 'deeply concerned' about apparent leak of Israel plan to attack IranSiili successfully launched the implementation of its new strategy in challenging market conditions Siili Solutions Plc Stock Exchange Release 22 October 2024 at 9:45 am EEST Key figures EUR millionQ3/2024Q3/2023Q1-Q3/2024Q1-Q3/2023Revenue24.127.083.392.3Revenue growth. EUR million-2.90.1-9.06.5Revenue growth.

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