Stock market today: Asian shares start June with big gains following Wall St rally

Hong Kong's Hang Seng led the region's gain, jumping 2.7% to 18,560.98 and the Shanghai Composite index rose 0.3%, to 3,095.63.Australia's S&P/ASX 200 climbed 0.7% to 7,756.80.On Friday, the S&P 500 rose 0.8% to close its sixth winning month in the last seven, ending at 5,277.51. The Dow leaped 1.5% to 38,686.32, and the Nasdaq slipped less than 0.1% to 16,735.02.Gap soared to one of the market’s biggest gains, 28.

The Fed has been keeping the federal funds rate at the highest level in more than 20 years in hopes of slowing the economy enough to stifle high inflation. But if it holds rates too high for too long, it could choke off the economy’s growth and cause a recession that throws workers out of their jobs and craters profits for companies.The yield on the 10-year Treasury fell to 4.50% Friday from 4.55% late Thursday. It had topped 4.

Nvidia fell for a second straight day, losing 0.8%, as its momentum finally slows after soaring more than 20% since itson felony charges Thursday. The company, which runs the Truth Social platform, had warned earlier in filings with U.S. securities regulators about potential impact from a conviction.

Brent crude, the international standard, rose 46 cents to $81.57 after OPEC agreed during the weekend to maintain its production cuts, which have been supporting prices.Got some cash to fill up your TFSA? Here are two stocks that look like good buys on the recent TSX stock market correction. The post 2 No-Brainer Stocks to Buy With $7,000 appeared first on The Motley Fool Canada.Most retirees live on a fixed income, so they look for ways to cut down on expenses and save money.

Canada Canada Latest News, Canada Canada 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 trade higher after Wall St rally takes S&P 500 near recordTOKYO (AP) — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Benchmarks rose in Tokyo,...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.Asian shares were higher on Friday as investors shrugged off yet another decline on Wall Street, while an official survey showed a weakening in Chinese...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares track Wall Street's retreatShares retreated Thursday in Asia after U.S. stocks fell under the weight of higher yields in the bond market, with the Dow Jones Industrial Average giving...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares decline after a mixed post-holiday session on Wall StreetTOKYO (AP) — Asian shares were mostly lower Wednesday after a mixed session on Wall Street following a three-day holiday weekend.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mostly higher after rebound on Wall StAsian 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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares track Wall Street's slide on worries over interest ratesAsian shares retreated Friday after strong reports on the U.S. economy raised the possibility of interest rates staying painfully high.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »