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Stock market today: Asian shares are mixed after Wall St pulls back after a shaky day

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HONG KONG (AP) — Asian shares were mixed on Tuesday after Wall Street pulled back from its record following a shaky day of trading, putting at least a...

HONG KONG — Asian shares were mixed on Tuesday after Wall Street pulled back from its record following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween.Tokyo's Nikkei 225 was unchanged at 39,796.65. Revised figures released on Monday showed that Japan’s economy expanded by 0.4% in the final quarter of 2023, compared to the provisional data of a 0.4% contraction in the previous month.

Elsewhere in Asia, South Korea's Kospi edged 0.1% higher to 2,749.36 and the S&P/ASX 200 in Australia gave up 0.1% to 7,887.90.mixed data on the U.S. job marketFriday’s dip also sent the S&P 500 to a rare losing week, just its third in the last 19. The ultimate goal is for inflation to cool enough to convince the Federal Reserve to lower its main interest rate from its highest level since 2001. Such a move would release pressure on the financial system and the economy, which has so far remained out of a recession despite high interest rates.

Gun maker Smith & Wesson Brands leaped 29.4% after likewise reporting stronger profit than expected for the latest quarter. It said its shipments grew faster than the overall firearms market. I'm Selling My Home and Netting $750k to Downsize for Retirement. Do I Have to Pay Capital Gains Taxes?

 

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