Stock market today: Asian shares advance ahead of U.S. inflation report

A currency trader passes by the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 28, 2024. A currency trader watches monitors near the screen showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S.

On Thursday, the S&P 500 eked out a 0.1% gain. The benchmark index has been hovering near the all-time high it set last week. Gains in retailers and communications services companies helped outweigh losses in consumer goods makers, financial stocks and elsewhere in the market. Amazon.com rose 2.2% and Meta Platforms added 1.3%.Stock market today: Asian shares mostly rise ahead of U.S. inflation reportplunged 22.2% for the biggest drop in the S&P 500. Its reported results that fell shy of forecasts and cut its outlook. The company said it could close hundreds more stores in the next three years.

The stock market has been listless this week in the lead up to Friday’s release of the next influential inflation report from the government. The personal consumption expenditures index, or PCE, is the Fed’s preferred measure of inflation.

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