Stock market today: Asian shares edge lower after Wall Street sets more records

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Asian markets are mostly lower after U.S. stocks hit new record highs.

A person walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Wednesday, May 22, 2024, in Tokyo. that its trade deficit rose last month as rising costs for imports outpaced an 8% rise in exports from the year before. The data were weaker than analysts had forecast.

Taiwan's Taiex gained 1.5% as shares in market heavyweight Taiwan Semiconductor Manufacturing Corp. jumped 2.7%.On Tuesday, the S&P 500 rose 0.3% to 5,321.41 and surpassed its record set last week. The Nasdaq composite gained 0.2% to 16,832.62, a day after setting its latest all-time high. The Dow Jones Industrial Average climbed 0.2% to 39,872.99 and is sitting just below its high set last week.later this year as inflation cools. More reports showing big U.S.

Trump Media & Technology Group, the company behind Donald Trump’s Truth Social network, sank 8.7% after disclosing a net loss of $327.6 million in This week doesn’t have many top-tier economic reports, and the biggest potential for sharp moves in the market will likely come from profit reports.Target also reports later in the day with Ross Stores following Thursday. They could offer more details on how well spending by U.S. households is holding up. Pressure has been rising on them amid still-high inflation, and it seems to be the highest on

 

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