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Japan Stocks Set to Drop Ahead of BOJ Decision: Markets Wrap

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Bloomberg,Japan,Nasdaq 100

(Bloomberg) -- Stocks in Japan are set to decline as the nation’s central bank kicks off a closely watched series of global policy meetings. The world’s...

-- Stocks in Japan are set to decline as the nation’s central bank kicks off a closely watched series of global policy meetings. The world’s largest technology companies extended losses in late US hours on concerns the artificial-intelligence frenzy might have gone too far.Kamala Harris Wipes Out Trump’s Swing-State Lead in Election Dead HeatEquity futures pointed to a drop of more than 1% in Tokyo, while those for Hong Kong were little changed and Sydney was set for a slight gain.

The S&P 500 fell to around 5,435 on Tuesday. The Nasdaq 100 slid 1.4%. A gauge of the “Magnificent Seven” megacaps sank 2%. The Russell 2000 of small firms rose 0.3%. Nvidia Corp. tumbled 7%, wiping $193 billion from its market value. To Bank of America Corp.’s Savita Subramanian, the S&P 500 has probably already logged the gains it will see this year, but the benchmark still presents ample opportunities for investors.

Pfizer Inc. raised its profit expectations for the year, citing new cancer drugs, as it seeks to dig out of a Covid-related hole in sales. PLANTATION, Fla. — A Florida school employee who let her transgender daughter play on her high school’s girls volleyball team is being suspended for 10 days after the district’s board found on Tuesday that she violated state law but said firing her would be too severe.Samsung is marketing Galaxy Z Flip phones as police bodycams

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