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Stock market today: Asian shares are mixed after Big Tech losses pull Wall Street lower

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Microsoft Corp.,NVIDIA Corp.,Financial Markets

Shares are mixed in Asia after losses for big technology stocks pulled major indexes lower on Wall Street. Tokyo advanced while markets in China declined. South Korea's central bank cut its benchmark interest rate to relieve pressure on the economy. On Wednesday, the S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3%.

People walk past an electronic stock board showing Japan’s stock prices Thursday, Nov. 28, 2024 in Tokyo.A man walks past an electronic stock board showing Japan’s Nikkei 225 stock index at a securities firm, Thursday, Nov. 28, 2024 in Tokyo. People walk past an electronic stock board showing Japan’s Nikkei 225 stock index at a securities firm, Thursday, Nov. 28, 2024 in Tokyo.

Losses for tech heavyweights like Nvidia, Microsoft and Broadcom were the drag on the market. Semiconductor giant Nvidia fell 1.2%. Its huge value gives it outsized influence on market indexes. Microsoft fell 1.2% and Broadcom finished 3.1% lower. Gains for financial and health care companies helped temper the market’s losses. Berkshire Hathaway rose 0.9% and Merck & Co. added 1.5%.

Department store operator Nordstrom fell 8.1% after warning investors about a trend toward weakening sales that started in late October. Clothing retailer Urban Outfitters jumped 18.3% after beating analysts’ third-quarter financial forecasts.

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