TOKYO — Stocks in Asia traded higher Friday after a rally on Wall Street that pulled the S&P 500 back within 1% of its record.
Currency traders pass 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, May 10, 2024. On Thursday, the S&P 500 rose 0.5% to 5,214.08. The Dow Jones Industrial Average gained 0.8% to 39,387.76, and the Nasdaq composite added 0.3%, to 16,346.26. helped to support the market. The number of workers applying for unemployment benefits rose by more last week than economists expected, though it remains relatively low compared with history.
Yeti Holdings rose 12.8% after reporting better profit for the latest quarter than expected thanks to stronger sales for its drinkware and coolers and equipment.
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DoT, TPB lead PH delegation to Arabian Travel Market and Seoul International Travel FairTHE Department of Tourism (DoT) is poised to banner the country's best tourism offerings in the Arabian Travel Market (ATM) 2024 at the Dubai World Trade Center in Dubai, United Arab Emirates (UAE) on May 6–9, 2024, and the Seoul International Travel Fair 2024 at the COEX Convention and Exhibition Center in Seoul, South Korea, on May 8–10, 2024.
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Stock market today (May 3, 2024): Wall Street climbs to trim its loss for the weekNEW YORK — U.S. stocks climbed Thursday to trim the majority of their losses for the week. The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20 a day after swinging sharply when the Federal Reserve said it's likely delaying cuts to interest rates but not planning to hike them.
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Stock market today (May 7, 2024): Wall Street rises to add to last week’s gainsU.S. stocks rose Monday and added to their gains from last week, as technology companies once again led the way. The S&P 500 rose 52.95, or 1%, to 5,180.74. The Dow Jones Industrial Average added 176.59, or 0.5%, to 38,852.27, and the Nasdaq composite jumped 192.92, or 1.2%, to 16,349.25.
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