Stock market today: Asian stocks mixed at the start of a holiday-shortened week

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Asian markets are mixed after stocks on Wall Street shook off a choppy start to finish higher on Monday, as it kicked off a holiday-shortened week. U.S. futures were little changed and oil prices rose. Honda shares surged more than 16% as the Japanese auto giant announced an up to 1.

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Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8.during the summer, faster than what was thought earlier. The latest report on unemployment benefit applications showed that the job market remains solid.

Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday.

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