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[UPDATED] Stock market today (May 3, 2023): Asian shares advance ahead of US jobs report | Elaine Kurtenbach / AP Business Writer

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Asian shares were mostly higher Friday ahead of a report on the U.S. jobs market, while several major markets including Tokyo and Shanghai were closed for holidays. Oil prices and U.S. futures were higher. The Japanese yen strengthened slightly against the U.S.

A currency trader smiles near 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, Friday, May 3, 2024. The Japanese yen strengthened slightly against the U.S. dollar amid signs of heavy central bank intervention to tamp down the U.S. dollar’s advance.

The dollar was trading at 153.08 early Friday, down from 153.65 late Thursday. The euro rose to $1.0732 from $1.0727. On Friday, the U.S. government will report on how many jobs employers added last month, one of the most highly anticipated economic updates each month. last week than economists expected. It’s the latest signal that the job market remains solid despite high interest rates.

Carvana revved 33.8% higher after the used-car seller reported much better results for the latest quarter than analysts expected, boosted by better-than-forecast sales.

 

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