STORY CONTINUES BELOW THESE SALTWIRE VIDEOSHONG KONG - Asian shares rallied on Thursday after blockbuster results from tech darling Nvidia boosted Wall Street and a retreat in U.S. bond yields eased pressure on borrowing costs globally.
"This week's Jackson Hole Symposium remains firmly in focus for markets ... We expect will err on the side of caution with respect to inflation, noting some signs of improvement but still with a long way to go." The index is however down 8.1% so far this month due to the weakness in China's economy and yuan, as well as some gloomy factory readings from Japan, which also left sentiment fragile.Australian shares edged up 0.27%, while Japan's Nikkei stock index rose 0.23%.
On Wall Street, the Dow Jones Industrial Average rose 0.54%, the S&P 500 gained 1.10% and the Nasdaq Composite added 1.59%.
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Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conferenceBEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week's Federal Reserve conference. Tokyo, Hong Kong and Seoul rose. Shanghai declined. Oil prices edged lower. Wall Street's benchmark S&P 500 index rose Monday for its first gain in five days as tech stocks rallied. Traders hope officials at the Fed's summer Jackson Hole, Wyoming, conference say they are finished raising interest rates that are at a two-decade high. Bu
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Stock market today: Wall Street ticks higher in early trading, led again by Big TechNEW YORK (AP) — Wall Street is ticking higher in early trading, on track for its first back-to-back gain in what’s been a miserable August. The S&P 500 was up 0.3% early Tuesday, coming off a gain powered by Big Tech stocks.
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Stock market today: Wall Street drifts a day after a rare August climb for stocksNEW YORK (AP) — Wall Street is drifting Tuesday and may be heading toward its first back-to-back gain in what’s been a miserable August. The S&P 500 was up 0.1% in early trading, coming off a gain from Monday powered by Big Tech stocks.
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Stock market today: Wall Street stalls a day after a rare August gainNEW YORK (AP) — Wall Street drifted to a mixed closed ahead of a couple potentially market-shaking events later in the week. The S&P 500 fell 0.3% Tuesday, coming off a rare August gain that was powered by Big Tech.
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Stock market today: Wall Street rises as easing yields in the bond market relax the pressureNEW YORK (AP) — Wall Street is rising Wednesday as the pressure that's built on stocks recently from the bond market relaxed a bit. The S&P 500 was 1.2% higher in afternoon trading, trimming its loss for what's so far been a dismal August. The Dow Jones Industrial Average was up 203 points, or 0.6%, at 34,492, as of 2:13 p.m. Eastern time, and the Nasdaq composite rallied 1.7%. Big Tech stocks and others that benefit from easier interest rates led the way. They got some relief as the 10-year Tre
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