Stock market today: Asian shares mostly decline ahead of Federal Reserve’s Powell speech

  • 📰 AP
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Asian shares are mostly falling, discouraged by a Wall Street slump that followed a blowout profit report from Nvidia and mixed reports on the U.S. economy.

, scheduled for later in the day. He’ll be speaking at an event in Jackson Hole, Wyoming, that has been the site of major policy announcements by the Fed.

Yields found some traction following mixed reports on the U.S. economy. One showed fewer U.S. workers applied for unemployment benefits last week. Another said orders for long-lasting manufactured goods slumped by more last month than economists expected. The two-year Treasury yield, which moves closely with expectations for the Fed, rose to 5.01%. A day before, it had dropped to 4.98% from 5.05% after a report suggested U.S. business activity is cooling in August.

. That raised hopes that this year’s frenzy on Wall Street around artificial intelligence technology isn’t just hype.

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:

 /  🏆 728. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States 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 are mixed ahead of Fed Chair speech and Nvidia earningsAsian markets are trading mixed ahead of Fed Chair Jerome Powell’s highly anticipated speech later in the week.
Source: AP - 🏆 728. / 51 Read more »

Asian Stock Market: Trades in positive territory, led by tech stocksAsian stock markets trade in positive territory on Thursday, led by technology stocks after major chipmaker Nvidia Corp reported stronger-than-expecte
Source: FXStreetNews - 🏆 14. / 72 Read more »

Stock market today: Asian shares mostly rise after Wall Street rallyAsian shares are mostly rising after Wall Street rallied to its best day since June after pressures from the bond market relaxed a bit.
Source: AP - 🏆 728. / 51 Read more »

Asian Stock Market: Trades lower ahead of Fed’s Powell speech, Nikkei leads lossesAsian stock markets trade in negative territory on Friday. Markets turn cautious ahead of the Federal Reserve (Fed) Chairman Jerome Powell's speech. A
Source: FXStreetNews - 🏆 14. / 72 Read more »