Stock market today: Asian shares advance after Nvidia's rebound offsets weakness on Wall St

A currency trader passes under the screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 26, 2024. Japan’s Nikkei jumped 1.3% to 39,667.07, buoyed by strong demand for technology shares driven by the enthusiasm over Nvidia and artificial intelligence.Tokyo Electron gained 3.

On Tuesday, the S&P 500 rose 0.4% and neared its all-time high set a week earlier, closing at 5,469.30. The Dow Jones Industrial Average, which does not include Nvidia, dropped 0.8% to 39,112.16, and the Nasdaq composite jumped 1.3% to 17,717.65. Upper-income households seem to be doing better, and they’re booking trips on cruise ships. Carnival steamed 8.7% higher after it raised its profit forecast for 2024. The cruise company said bookings for the rest of the year are the best on record in terms of both price and occupancy. And bookings for next year may end up even better.

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Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower. U.S. futures and oil prices fell. The Japanese government reported that the inflation rate ticked higher for the first time in three months, to 2.5% in May, up from 2.2% in April.
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