TOKYO — Asian shares mostly rose Monday as investors looked ahead to earnings reports from top global companies and a consumer prices report that will be a gauge for U.S. inflation.
The Dow Jones Industrial Average rose 0.8% and the Nasdaq composite gained 1.2%. Technology companies accounted for a big share of the rally.added a surprisingly strong 303,000 workers to their payrolls in March, the government reported Friday. The strong job market has helped fuel consumer spending and earnings growth for businesses, amounting to strong economic growth overall.
Strong employment and consumer spending have raised concerns about getting inflation below 3% and heading toward the Fed's target rate of 2% won't be easy.All told, the S&P 500 rose 57.13 points to 5,204.34 Friday. The Dow added 307.06 points to 38,904.04, and the Nasdaq gained 199.44 points to 16,248.52.
Benchmark U.S. crude fell $1.27 to $85.64 a barrel. It had risen 0.4% higher Friday. Brent crude, the international standards, declined $1.41 to $89.76 a barrel. ‘Blows my mind’: North Carolina woman made $50K in car payments — and barely reduced the $84K loan. How to avoid thisIn this article, we will take a detailed look at Jim Cramer is Bearish on These 10 Stocks in April. For a quick overview of such stocks, read our article Jim Cramer is Bearish on These 5 Stocks in April.
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