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Stock market today: Asian shares decline after a mixed post-holiday session on Wall Street

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Shares have fallen across Asia after a mixed session on Wall Street. Oil prices also rose. The International Monetary Fund raised its forecast for China's economic outlook, saying it expects the No. 2 economy to grow at a 5% annual pace this year. On Tuesday, the S&P 500 closed little changed, just below its record set a week ago.

Stock market today: Asian shares decline after a mixed post-holiday session on Wall Streetfrom last week, which calmed some of the worries that Wall Street’s frenzy around artificial-intelligence technology has inflated expectations and prices beyond reasonable levels.. The deal is valued at $4.4 billion and includes up to $2 billion in assumed debt. Shares of T-Mobile US added 0.8%.

But the majority of stocks on Wall Street fell under the effects of a modest rise in Treasury yields. Higher yields can help make payments for everything from mortgages to credit cards more expensive, and they tend to put downward pressure on the economy. This week has several reports that could sway the Fed’s thinking, beyond Tuesday’s on confidence among consumers.

 

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