Stock market today: Asian shares trade mixed after drops for Big Tech leave Wall Street mixed

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Stock market today: Asian shares trade mixed after drops for Big Tech leave Wall Street mixed
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TOKYO (AP) — Asian shares traded mixed Tuesday, echoing Wall Street trading, where gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. Japan's benchmark Nikkei 225 slipped 1.8% in morning trading to 38,469.

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TOKYO — Asian shares traded mixed Tuesday, echoing Wall Street trading, where gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies.

Japan’s Finance Ministry reported that the current account, a measure of Japan’s foreign exchanges in goods, services and investments, rose to 3.4 trillion yen in November, up 54.5% from the same month the previous year. Such cuts would give the economy a boost, and the U.S. stock market ran to repeated records last year on the assumption that more are coming after the Fed began lowering rates in September. But inflation has remained above the Fed’s 2% target, and recent reports have suggested a still-solid U.S. economy doesn’t need much help. Questions are growing about whether the Fed will deliver even a single cut in 2025.

Moderna tumbled 16.8% for the largest loss in the S&P 500 after giving a forecast for revenue this upcoming year that fell short of analysts’ expectations. The vaccine maker, which is seeing a slowdown in COVID-related sales, is accelerating a cost-cutting program. On the winning side of Wall Street were oil-and-gas companies after the price of oil climbed. On Monday, a barrel of benchmark U.S. crude rose 2.9% to $78.82, while Brent crude climbed 1.6% to $81.01. The Biden administration said Friday it’s expanding sanctions against Russia’s energy industry.Early Tuesday, benchmark U.S. crude lost 37 cents to $78.45 a barrel. Brent crude, the international standard, fell 43 cents to $80.58 a barrel.

All told, the S&P 500 added 9.18 points to 5,836.22. The Dow Jones Industrial Average rose 358.67 to 42,297.12, and the Nasdaq composite slipped 73.53 to 19,088.10.

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Stock market today: Gains for oil producers and drops for Big Tech leave Wall Street mixedStock market today: Gains for oil producers and drops for Big Tech leave Wall Street mixedNEW YORK (AP) — U.S. stock indexes were split on Monday as gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. The S&P 500 rose 0.2% after erasing an earlier fall of 0.9%.
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Stocks Open Lower on Wall Street, Asian Markets MixedStocks Open Lower on Wall Street, Asian Markets MixedWall Street stocks opened lower on Friday, marking another quiet trading day. Asian markets showed mixed performance, with Japan's benchmark index surging due to the weak yen against the dollar. South Korea's Kospi fell after the opposition party voted to impeach the country's acting leader.
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Asian Shares Mixed, US Market Rebounds on Oil Gains, Tech WeaknessAsian Shares Mixed, US Market Rebounds on Oil Gains, Tech WeaknessAsian shares traded mixed Tuesday, echoing Wall Street trading, where gains for oil-and-gas producers helped offset drops for Nvidia and other Big Tech companies. Japan's Nikkei 225 slipped, while Australia's S&P/ASX 200 added, and Hong Kong's Hang Seng and Shanghai Composite surged. On Wall Street, the S&P 500 rose, the Dow Jones Industrial Average climbed, and the Nasdaq composite fell. Oil prices rose, boosting energy companies, while tech stocks, including Nvidia, Apple, and Meta Platforms, fell.
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