NEW YORK — Stocks are off to a mixed start on Wall Street as losses for Big Tech companies offset gains elsewhere in the market. The S&P 500 was down 0.1% in the early going Wednesday, even though far more stocks were rising than falling within the index. Losses for Nvidia and Microsoft helped pull the index lower. Dell sank after reporting revenue that fell shy of forecasts, and HP fell after giving a weaker-than-expected outlook. The Dow Jones Industrial Average added 0.
In Asian trading, Tokyo’s Nikkei index fell 0.8% to 38,134.97 as the Japanese yen surged in value against the U.S. dollar. The dollar fell to 151.42 yen from 153.08 yen. It had traded above 155 yen recently, but uncertainty over the future course of U.S. trade policy has led investors to buy yen as a safe haven, analysts said.
Chinese markets advanced, led by strong buying of technology shares. Hong Kong’s Hang Seng gained 2.3% to 19,603.13, while the Shanghai Composite index added 1.5% to 3,309.78. Analysts said investors were buying in anticipation of more economic stimulus measures from a top level annual economic meeting next month.
Australia's S&P/ASX gained 0.6%, to 8,406.70, while India's Sensex added 0.3%. Taiwan's Taiex sank 1.5% and the SET in Bangkok shed 0.6%.The S&P 500 climbed 0.6% on Tuesday to 6,021.63 to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 0.3%, to 44,860.31, besting its own record set the day before. The Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way, closing at 19,174.30.
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