Stock market today: Asian benchmarks mostly climb despite worries about US economycombining stubbornly high inflation with a flagging economy. A sharp drop in Facebook’s parent company, one of Wall Street’s most influential stocks, also hurt the market.
That undercut a hope that’s sent the S&P 500 to record after record this year: that the economy can avoid a deep recession and support strong profits for companies, even if high inflation takes a while to get fully under control. Thursday’s economic data will likely get revised a couple times as the U.S. government fine-tunes the numbers. But the lower-than-expected growth and higher-than-expected inflation is “a bit of a slap in the face to those hoping for a ‘no landing’ scenario,” said Brian Jacobsen, chief economist at Annex Wealth Management.
The yield on the 10-year Treasury rose to 4.70% from 4.66% just before the report and from 4.65% late Wednesday.
Nederland Laatste Nieuws, Nederland Headlines
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Stock market today: Asian benchmarks mostly slide as investors focus on earningsAsian shares are mostly lower as investors look ahead to a flood of global earnings reports, including from U.S. companies known as the “Magnificent Seven.” Shares fell Thursday in Tokyo and Seoul, while being little changed in Shanghai. Trading was closed in Australia for a national holiday, Anzac Day. U.S.
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Stock market today: Asian benchmarks are mixed while US seems committed to current ratesAsian shares are trading mixed after most U.S. stocks slipped on firmer expectations that the Fed is committed to its current rate practices.
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Stock market today: Asian benchmarks are mixed while US seems committed to current ratesAsian shares are trading mixed after most U.S. stocks slipped on firmer expectations that the Fed is committed to its current rate practices.
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Stock market today: Asian benchmarks are mixed while US seems committed to current ratesAsian shares are trading mixed after most U.S. stocks slipped on firmer expectations that the Fed is committed to its current rate practices. Shares fell in Tokyo and Hong Kong in Wednesday afternoon trading, while being little changed in Seoul and Sydney. Shares rose in Shanghai. On Wall Street, the S&P 500 fell 0.
Bron: AP - 🏆 728. / 51 Lees verder »
Stock market today: Global benchmarks are trading mixed as investors focus on earningsGlobal shares are trading mixed as investors look ahead to a flood of global earnings reports, including from U_S_ companies known as the “Magnificent Seven.”.
Bron: wjxt4 - 🏆 246. / 63 Lees verder »