Stock market today: Asian stocks trade mixed after Wall Street logs modest gains

TOKYO — Asian shares traded mixed Wednesday, as investors weighed recent data highlighting a slowing U.S. economy that offers both upsides and downsides for Wall Street.

On Tuesday, the S&P 500 ticked up by 0.2% to 5,291.34, though more stocks within the index fell than rose. The Dow Jones Industrial Average rose 0.4% to 38,711.29, and the Nasdaq composite added 0.2% to 16,857.05.Action was stronger in the bond market, where Treasury yields slid after a report showed U.S. employers were advertising fewer job openings at the end of April than economists expected.

But it also followed a report on Monday that showed U.S. manufacturing contracted in May for the 18th time in 19 months. Worries about a slowing economy have hit the price of crude oil in particular this week, raising the possibility of less growth in demand for fuel.A barrel of U.S. crude has dropped close to 5% in price this week and is roughly back to where it was four months ago. That sent oil-and-gas stocks to some of the market’s worst losses for a second straight day.

The smaller companies in the Russell 2000 index, which tend to thrive most when the U.S. economy is at its best, fell 1.2%. In an update posted at 9 p.m. last night NYSE said it would "bust" all the "erroneous" trades of Berkshire Hathaway stock at or below $603,718.30 a share. -- Axos Financial Inc., which has lent to properties including former President Donald Trump’s flagship New York tower, plunged after Hindenburg Research said it was short the stock because of the bank’s exposure to problematic commercial real estate loans.

"The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.Speaker Johnson announces plan to take on justice system following Trump conviction

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares decline after a mixed post-holiday session on Wall StreetTOKYO (AP) — Asian shares were mostly lower Wednesday after a mixed session on Wall Street following a three-day holiday weekend.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mixed in muted trading after Wall Street barely budgesTOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd dayHONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares track Wall Street's retreatShares retreated Thursday in Asia after U.S. stocks fell under the weight of higher yields in the bond market, with the Dow Jones Industrial Average giving...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares track Wall Street's slide on worries over interest ratesAsian shares retreated Friday after strong reports on the U.S. economy raised the possibility of interest rates staying painfully high.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares edge lower after Wall Street sets more recordsHONG KONG (AP) — Asian markets were mostly lower in cautious trading on Wednesday after U.S. stocks hit new record highs. U.S. futures and oil prices slipped...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »