Stocks fell Wednesday in Asia after a slide in technology stocks dragged Wall Street lower ahead of a key report on U.S. inflation.Japan's Nikkei 225 index shed 0.2% to 32,706.52, while the Kospi in Seoul edged 0.1% lower, to 2,533.61. Australia's S&P/ASX 200 gave up 0.7% to 7,154.60.Regional markets have been relatively quiet ahead of this week's release of Chinese and U.S. economic data.
Thursday will bring reports about inflation at the wholesale level and sales at U.S. retailers. Strong spending by U.S. households has helped keep the U.S. economy humming, but it could also be encouraging companies to keep trying to raise their prices further.whether the Federal Reserve is done High interest rates work to undercut inflation by slowing anentire economy and knocking down prices for stocks and other investments.undermined that process
“This scenario underscores the delicate balance between energy costs, inflationary pressures, and the central bank’s monetary policy actions, which can have profound implications for the broader economic landscape,” he said.Still, traders overwhelmingly expect next week’s meeting for the Federal Reserve to end with interest rates staying where they are.
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Stock market today: Asian shares trade mixed after Big Tech rally on Wall StreetTOKYO (AP) — Asian shares were trading mixed Tuesday following a Big Tech rally on Wall Street, as investors awaited an update on U.S. consumer prices set for later in the week. Japan's benchmark Nikkei 225 surged 1.0% to 32,776.37. Australia's S&P/ASX 200 added 0.2% to 7,206.90. South Korea's Kospi shed 0.8% to 2,536.80. Hong Kong's Hang Seng dropped 0.2% to 18,056.17, while the Shanghai Composite fell nearly 0.2% to 3,137.73. The Federal Reserve is weighing whether to keep raising interest rat
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Stock market today: Wall Street edges lower at the open ahead of inflation reportsNEW YORK (AP) — Stocks are drifting lower as Wall Street waits to see what reports coming up this week on the economy and Big Tech companies say. The S&P 500 slipped 0.2% early Tuesday. The Dow fell 28 points and the Nasdaq composite fell 0.3%.
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Stock market today: Wall Street ticks higher to reverse some of last week's lossesU.S. stocks are ticking higher Monday as Wall Street recovers some of its losses from last week. The S&P 500 was 0.3% higher in midday trading, coming off its first losing week in the last three. The Dow Jones Industrial Average was up 47 points, or 0.1%, at 34,624, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.
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Stock market today: Wall Street rises to reverse some of last week’s lossesNEW YORK (AP) — U.S. stocks closed higher, recovering roughly half of Wall Street’s losses from last week. The S&P 500 rose 0.7% Monday. The Dow Jones Industrial Average added 87 points, and the Nasdaq composite climbed 1.1%.
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Asia Futures Mixed After Tech Stocks Lead US Rally: Markets Wrap(Bloomberg) -- Asian stocks look set for a mixed opening, after Wall Street rose ahead of key US data that’s expected to show how close the Federal Reserve is from ending its rate hikes. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayTesla and China Risk Leaving Volkswagen on a Road to NowhereTech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapMorgan Stanley Sees D
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