Asian shares were mostly higher on Monday after Wall Street ended last week with the stock market’s best day in over two months in a rally backed by the cooler-than-expected U.S. employment data.The Japanese yen weakened slightly after its value swung from a low of 160.25 to the U.S. dollar to 151.86 late last week following suspected government intervention. The dollar bought 153.93 yen, up from 152.90 yen.
The Dow Jones Industrial Average rose 1.2% to 38,675.68. The Nasdaq composite ended 2% higher and closed at 16,156.33, reflecting strong gains by technology sector stocks, which accounted for much of the rally. Friday’s market rally was widespread, though technology stocks powered much of the gains. Apple jumped 6% after announcing a mammoth $110 billion stock buyback. The tech giant reported late Thursday its steepest quarterly decline in iPhone sales since the outset of the pandemic.Several companies notched gains after reporting strong quarterly results.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian shares track Wall St's advance fueled by cooler jobs dataAsian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares track Wall St's advance fueled by cooler jobs dataAsian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares track Wall St's advance fueled by cooler jobs dataAsian shares are mostly higher after Wall Street ended Friday with the best day for the stock market in over two months. The rally late last week was backed by the cooler-than-expected U.S. employment data.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoAsian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoAsian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in TokyoAsian shares have tracked Wall Street's rally, led by a 2.4% advance for Tokyo's benchmark Nikkei 225 index. U.S. futures rose while oil prices also edged higher. Technology-related shares led the regional climb. On Tuesday, the S&P 500 jumped 1.2% and the Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite rose 1.6%.
Source: AP - 🏆 728. / 51 Read more »