Wall Street drifts to more records after Chinese stocks soar

U.S. stocks drifted to more records Tuesday after Chinese stocks soared following a slew of moves by the Chinese central bank to prop up the world’s second-largest economy. The Standard & Poor's 500 index rose 0.3% to set an all-time high for the 41st time this year. The movements were tentative, though, and the index wavered up and down after a surprisingly weak report released in the morning on confidence among U.S. consumers. The Dow Jones industrial average added 0.

2% after the seller of auto replacement parts and accessories said a key measure of its sales performance among its U.S. stores barely grew during the latest quarter. It was part of an underwhelming report where its profit and revenue both fell short of analysts’ expectations. AutoZone said it’s continuing to see customers at its U.S. stores delay purchases of nonessentials. Another company that depends on the appetite of U.S. shoppers for nonessentials, Thor Industries, rose 6.

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Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
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Stock market today: Wall Street drifts as Oracle soars and banks and oil slumpU.S. stocks drifted to a mixed close following several weeks of sharp swings
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Stock market today: Asian shares echo Wall Street rally as investors gauge inflation dataAsian shares are trading mostly higher after a rally on Wall Street that regained some of the losses from the market’s worst week in nearly a year and a half. Benchmarks rose in Tokyo, Sydney, Seoul and Hong Kong in Tuesday morning trading.
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