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Stock market today: Asian shares advance after Nvidia's rebound offsets weakness on Wall St

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Financial Markets News

Tokyo,General News,Japan Government

Asian shares are mixed after a rebound for Nvidia offset weakness on Wall Street. Oil prices and U.S. futures were higher. On Tuesday, the S&P 500 rose 0.4% and neared its all-time high set a week earlier. The Nasdaq composite leaped 1.3% for its first gain in four days.

A currency trader passes under the screen showing the Korea Composite Stock Price Index , top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, June 26, 2024.

On Tuesday, the S&P 500 rose 0.4% and neared its all-time high set a week earlier, closing at 5,469.30. The Dow Jones Industrial Average, which does not include Nvidia, dropped 0.8% to 39,112.16, and the Nasdaq composite jumped 1.3% to 17,717.65. Upper-income households seem to be doing better, and they’re booking trips on cruise ships. Carnival steamed 8.7% higher after it raised its profit forecast for 2024. The cruise company said bookings for the rest of the year are the best on record in terms of both price and occupancy. And bookings for next year may end up even better.

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