Stock market today: Asian shares mostly rise after Wall Street climbs on Big Tech gains

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A currency trader walks by the screens showing the foreign exchange rates and the Korean Securities Dealers Automated Quotations at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 29, 2024. The Dow Jones Industrial Average rose 0.6%, while the Nasdaq composite finished 0.3% higher. It’s now within 0.4% of its all-time high set in July.

But stocks in the oil-and-gas industry dropped, hurt by the sinking price of oil. Exxon Mobil fell 0.5% and ConocoPhillips fell 1.2%. Beyond the violence that is taking a human toll, the worry in financial markets is that an escalating war in the Middle East could cut off the flow of crude from Iran, which is a major oil producer. Such worries had sent the price of Brent crude up to nearly $81 per barrel in early October, despite signals that plenty of oil is available for the global economy. It’s since fallen back below $72.

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Stock market today: Asian shares track Wall St decline, as selling hits tech companiesShares are mostly lower in Asia after U.S. stocks pulled back from their records.
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