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Currency traders talk near the screen showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Friday, Nov. 1, 2024. The Standing Committee of China's National People's Congress is meeting this week and analysts were predicting the government may endorse major spending initiatives to boost the economy.
Amazon climbed 6.2% after delivering a bigger profit for the latest quarter than analysts expected and was the strongest force pushing the S&P 500 higher. A separate report said U.S. manufacturing contracted by more last month than economists expected. It’s been one of the areas of the economy hurt most by the Federal Reserve’s keeping interest rates at a two-decade high until September.
The yield on the 10-year Treasury, which also takes future economic growth and other factors into account, likewise rose after a knee-jerk drop. It climbed to 4.37%, up from 4.29% late Thursday.
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Stock market today: Asian shares are mostly higher as China begins major economic meetingShares are mostly higher in Asia as China's leaders begin a major meeting expected to bring fresh pledges of help for the world's second-largest economy. Oil prices gained more than $1 a barrel after the OPEC+ oil producing nations said they would extend production cuts until the end of the year. On Friday, the S&P 500 rose 0.
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Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
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Stock market today: Asian shares rise after Wall Street rally, and China promises a briefingAsian shares are mostly higher, as market optimism got a perk from the record highs set on Wall Street.
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Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
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Stock market today: Asian shares gain as China releases plan for market supportAsian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.
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