Stock market today: Asian shares surge after Wall St gains on signs the US jobs market is cooling

  • 📰 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

Stocks are higher in Asia after Wall Street was boosted by a report that signaled the U.S. jobs market, while still healthy, is showing some signs of cooling.

Hong Kong’s Hang Seng index jumped 2.4% to 18,828.91 while the Shanghai Composite index added 1% to 3,166.62. Tokyo’s Nikkei 225 was up 0.6% at 32,899.99.Shares also rose in Taiwan and Southeast Asia.Friday on Wall Street, the S&P 500 finished 0.2% to 4,515.77. The Dow Jones Industrial Average rose 0.3% to 34,837.71. The Nasdaq composite closed less than 0.1% lower, at 14,031.81, breaking a five-day winning streak.

. But they also make the central bank’s task of taming inflation more difficult by fueling wage and price increases. But recent economic snapshots have bolstered the view on Wall Street that the Fed may hold rates steady at its next policy meeting in September. Bond yields were mostly rose Friday. The yield on the 2-year Treasury, which tracks expectations for the Fed, got as high as 4.91% at one point, but fell to 4.88% by late afternoon. It was at 4.87% late Thursday. The yield on the 10-year Treasury, which influences interest rates on mortgages and other consumer loans, rose to 4.17% from 4.11%.

 

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

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.

Asian stocks rally on easing rate hike fears, China stimulus hopes By Investing.comAsian stocks rally on easing rate hike fears, China stimulus hopes
Source: Investingcom - 🏆 450. / 53 Read more »

Top Wall Street analysts pick these 5 stocks for compelling returns, including NvidiaTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Nvidia and Palo Alto.
Source: NBCDFW - 🏆 288. / 63 Read more »