Stock market today (May 21, 2024): Asian shares mostly decline after Nasdaq ticks to a record high

TOKYO — Asian shares mostly fell Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia.

In Asia, investors are focused on signs about the health of Chinese economy. S&P Global Market Intelligence raised this year’s growth forecast to 4.8% from 4.7% in April, but stressed it was not overly optimistic. Monday on Wall Street, the S&P 500 rose 0.1% to 5,308.13 and pulled within 0.02 of its record set last week. The Nasdaq composite gained 0.7% to 16,794.87 to set its own all-time high.the 40,000 levelNorwegian Cruise Line helped lead the market and steamed 7.6% higher after giving financial forecasts for the year that topped analysts’ expectations. It said demand is growing for cruises, and some of its competitors gained in its wake. Carnival rose 7.3%, and Royal Caribbean Group gained 4.1%.

this year as inflation hopefully cools. More reports showing big U.S. companies are earning fatter profits than expected also boosted stock prices. in the right direction following a discouraging start to the year. But some potentially market-moving reports on corporate profits are on the calendar. amid a frenzy around artificial-intelligence technology has been a major reason for the S&P 500’s gains over the last year.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today (May 13, 2024): Asian stocks drift after Wall Street closes another winning weekHONG KONG — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil prices fell. The release of weak Chinese lending data and news that the U.S.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Stock market today (April 23, 2024): Asian stocks track Wall Street gains ahead of earnings reportsHONG KONG — Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows. U.S.
Source: BusinessMirror - 🏆 19. / 59 Read more »