These must-have Insider Deal household items are at unbeatable prices!A person walks under the intense sun in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, June 24, 2024, in Tokyo. – Asian shares were mostly lower Monday after U.S. stocks coasted to the close of their latest winning week on Friday, even asIn Tokyo, the Nikkei 225 index rose 0.7% to 38,869.94, making it the sole major benchmark in Asia to post gains on Monday.
Elsewhere, Hong Kong’s Hang Seng dropped 1.2% to 17,815.42, while the Shanghai Composite lost 1% to 2,969.59.On Friday, the S&P 500 slipped 0.2% to 5,464.62, but it remained close to its all-time high set on Tuesday and capped its eighth winning week in the last nine. The Dow Jones Industrial Average edged up less than 0.1% to 39,150.33, while the Nasdaq composite dropped 0.2% to 17,689.36.
The weak business-activity report dragged down yields in Europe, which at first pressured Treasury yields. But U.S. yields recovered much of those losses after another report said later in the morning that U.S. business activity may be stronger than thought. “Historical comparisons indicate that the latest decline brings the survey’s price gauge into line with the Fed’s 2% inflation target,” according to Chris Williamson, chief business economist at S&P Global Market Intelligence.
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