Stocks in Asia Eye Declines Ahead of US Debate: Markets Wrap

-- Asian stocks are poised for a weak open on Wednesday as investors weighed election risks ahead of the first US presidential debate between Vice President Kamala Harris and former President Donald Trump.Equity futures pointed to declines in Tokyo and Hong Kong and a steady open in Sydney, while US contracts edged lower.

“The markets will be gripped by the US Presidential debate today,” said Kyle Rodda, a senior market analyst at Capital.Com Inc. “Although it’s unlikely to be as much of a car crash as the first debate between Biden and Harris and therefore less market moving, the race is neck and neck, heightening uncertainty about US fiscal, trade and foreign policy going forward.

The S&P 500 rose 0.4% with a Bloomberg gauge of the “Magnificent Seven” megacaps jumping 1.5%. Tesla Inc. led gains in Wall Street megacaps on Tuesday and Oracle Corp. hit an all-time high. JPMorgan Chase & Co. sank more than 5% after tempering its earnings optimism and Bank of America Corp. said investment-banking results will come in lower than some expected.

A personal assistant convicted of killing and dismembering his former tech entrepreneur boss after stealing about $400,000 from him was sentenced Tuesday to 40 years to life in prison, Manhattan's district attorney said. Tyrese Haspil, 25, was found guilty in June of murder, grand larceny and other charges in the 2020 death of his former boss, Fahim Saleh.

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: Nasdaq leads declines as stocks extend slideInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Factbox-Tech stocks in focus as investors eye latest filings from fundsInvestors are watching quarterly filings on Wednesday to get a glimpse at how some of the world’s biggest money managers were positioned at the end of the...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tech stocks in focus as investors eye latest filings from fundsA snapshot of how some of the biggest funds were positioned at the end of July
Source: globeandmail - 🏆 5. / 92 Read more »

Asian Stocks Eye Fed Bounce After Powell Speech: Markets Wrap(Bloomberg) -- Most Asian stocks look poised to gain early Monday, after Wall Street was cheered by signals from Federal Reserve Chair Jerome Powell that US ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Tech stocks eye recovery, retail earnings put consumer in focus: Yahoo FinanceThe major indexes (^DJI,^GSPC, ^IXIC) are wavering after posting their worst day since early August. The chip sector is eyeing a recovery after a massive...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »