Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd day

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Asian shares are mixed after Wall Street’s lull stretched into a second day. China reported better than expected trade figures for April. U.S. futures were slightly lower and oil prices rose. On Wednesday, the S&P 500 closed little changed after a big three-day winning streak gave way to a slight gain the prior day.

A person looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, May 9, 2024, in Tokyo. A person stands near an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Thursday, May 9, 2024, in Tokyo. A person rides bicycle past an electronic stock board showing Japan’s Nikkei 225 and New York Dow indexes at a securities firm Thursday, May 9, 2024, in Tokyo.

“We’re always prepared to do so if necessary. We might do it today. We might do it tomorrow,” Masato Kanda, the Finance Vice Minister for International Affairs. The Dow Jones Industrial Average rose 0.4% to 39,056.39, and the Nasdaq composite slipped 0.2% to 16,302.76. Intel fell 2.2% after saying the U.S. Commerce Department revoked licenses for exports to a Chinese customer. That could cause its revenue for the current quarter to fall below the midpoint of the forecasted range it had earlier given.

 

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