Stock market today: World stocks slip on report US might tighten technology curbs on China

Global stocks fell Wednesday as technology shares sank after a report said the U.S. plans tighter import controls on companies that share chip-making technology with China.the inflation rate remained steady at the Bank of England’s 2% target in June. That hit hopes for a central bank rate cut, though the better-than-expected data pushed the British pound above $1.30 early Wednesday.The future for the S&P 500 sank 0.7% and that for the Dow Jones Industrial Average was down 0.1%.

ASML is the world’s only producer of machines that use extreme ultraviolet lithography to make advanced semiconductors. In 2023, China became ASML’s second-largest market, accounting for 29% of its revenue as Chinese companies bought up equipment before the licensing requirement took effect.Markets in Taiwan were rattled by comments by former President Donald Trump to Bloomberg criticizing the self-governed island claimed by Beijing, which the U.S.

Elsewhere in Asia, Australia’s S&P/ASX 200 advanced 0.7% to 8,057.90 after hitting an all-time high of 8,083.70 during morning trading. South Korea’s Kospi shed 0.8% to 2,843.29. On Tuesday, the S&P 500 climbed 0.6% to 5,667.20, setting an all-time high for the 38th time this year. The Dow Jones Industrial Average leaped 1.9% to 40,954.48, and the Nasdaq composite lagged with a gain of 0.2% to 18,509.34, as the stars dimmed for some of the year's biggest winners.soon. The Fed has been keeping its main interest rate at the highest level in more than two decades in hopes of slowing the economy just enough to get inflation fully under control.

In the next 10 years, Nvidia’s value could be worth more than the entire S&P 500 today, tech investor James Anderson predicted.To pick a better buy, let’s assess these two high-yielding dividend stocks. The post Both Have Yields Over 7.4% — But 1 Is a Better Stock to Buy Now Than the Other appeared first on The Motley Fool Canada.Air Canada stock is below $18. Should you invest? The post Should You Buy Air Canada Stock While it’s Below $18? appeared first on The Motley Fool Canada.

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