Stock market today: Asian shares rise, buoyed by Wall Street rally from bonds and oil prices

TOKYO — Asian shares advanced Thursday after a plunge in oil prices aided a recovery on Wall Street.Market sentiment was helped by a $5 decline in oil prices on Wednesday, although prices recovered slightly in Asian trading. Lower energy costs would relieve inflationary pressures that have led central banks to keep interest rates high.

Stocks have struggled since the summer under the weight of soaring Treasury yields in the bond market. High yields undercut stock prices by pulling investment dollars away from stocks and into bonds. They also crimp corporate profits by making borrowing more expensive. The Fed is paying particular attention to the job market because too much strength there could drive wages for workers much higher, which it fears could keep inflation well above its target of 2%.

A second report on the economy said growth in U.S. services industries slowed in September by a touch more than economists expected.as the speaker of the House of Representatives. The unprecedented move likely doesn’t change much in the short term, with funding for the U.S. government set until Nov. 17.

A 5.9% jump for Tesla and 1.8% rise for Microsoft were the two strongest forces pushing upward on the S&P 500. Alphabet rose 2.1%.

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Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetBANGKOK (AP) — Asian markets were sharply lower on Wednesday after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high. U.S. futures and oil prices edged lower. Tokyo’s Nikkei 225 index sank 2.3% to 30,526.88 and the Kospi in South Korea dropped 2.4% to 2,405.69. Hong Kong's Hang Seng skidded 1.3% to 17,115.62. Troubled property developer China Evergrande was down 11% after plunging 28% on Tuesday. Australia's S
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Stock market today: Wall Street steadies after selloff as a relaxing bond market offers some oxygenWall Street is holding steadier after the bond market relaxed its grip a bit on the stock market.
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Stock market today: Wall Street steadies after selloff as a relaxing bond market offers some oxygenBANGKOK — Wall Street is holding steadier after the bond market relaxed its vise a bit on the stock market. The S&P 500 was 0.3% higher early Wednesdady, coming off a 1.4% tumble that sent it to its lowest level in four months.
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Stock market today: Wall Street steadies after selloff as reports suggest U.S. economy may be coolingWall Street is holding steadier in mixed trading Wednesday after reports suggested the U.S. economy may be cooling.
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Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerWall Street is sinking again under the weight of higher yields in the bond market.
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