Stock market today: Asian benchmarks are mixed while US seems committed to current rates

📆 17/04/2024 07:53:00
📰 wjxt4

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Asian shares are trading mixed after most U.S. stocks slipped on firmer expectations that the Fed is committed to its current rate practices.

BusinessCurrency traders pass by the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, April 17, 2024. – Asian shares were trading mixed Wednesday, as expectations resurfaced that U.S. interest rates may stay high for a while.

On Wall Street, the S&P 500 fell 10.41 points, or 0.2%, to 5,051.41. The index deepened its loss from the day before, when it sank under the pressure brought by a jump in Treasury yields. “The recent data have clearly not given us greater confidence and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said, referring to a string of reports this year that showed

But yields later pared their gains as the afternoon progressed, and the two-year yield drifted back to 4.98%. That's still up from 4.91% late Monday. The stock of Donald Trump's social-media company also slumped again. Trump Media & Technology Group fell another 14.2% to follow up on its

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Stock market today: Asian shares are mixed after another Wall Street record dayStocks are mixed in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan's Nikkei 225 topped 41,000 for the first time early Friday but then fell back. Chinese property and tech companies weighed on markets in Shanghai and Hong Kong. On Thursday, the S&P 500 rose 0.3% to an all-time high for a third straight day.
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Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
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