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Asian Stocks Rise After US Peers Hit Fresh Record: Markets Wrap

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Japan,Indian Markets,Asian Markets

(Bloomberg) -- Asian equity markets rose, after the world’s largest technology companies helped send US shares to a fresh all-time high.Most Read from...

-- Asian equity markets rose, after the world’s largest technology companies helped send US shares to a fresh all-time high.Modi Vows to Retain Power Even as Party Loses India Majority

As investors awaited this week’s US jobs report, a private payrolls reading on Wednesday showed hiring at companies grew at the slowest pace since the start of the year. Meantime, the services sector expanded by the most in nine months, powered by the largest monthly gain in a measure of business activity since 2021.

With earnings season basically over, the focus now turns back to the macro data — and that may impact stocks near-term, according to Gillian Wolff at Bloomberg Intelligence. Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it's now the third most valuable company in the S&P 500. Nvidia's stock rose again Wednesday to surpass $3 trillion in market value. -- Oil rose for a second session even as Saudi Arabia signaled concerns over the demand outlook with cuts to its crude prices.

SAN JOSE, Calif., June 05, 2024--Southeastern Louisiana University has selected the YuJa Video Platform to provide a comprehensive video and media solution for its five colleges.At the end of May the U.S. Security and Exchange Commission's newest mass surveillance tool – the Consolidated Audit Trail – went "fully operational." SEC registered broker-dealers, exchanges and alternative trading systems now have to collect and report trade information related to every U.S.

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