The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Asian markets mirrored Wall Street's positive momentum, while oil prices rebounded and gold hovered near a one-week low. Bitcoin remained steady despite so-called halving. Investors eagerly awaited Global PMI data and Tesla's earnings report for market direction.
Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.
Markets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020
By ELAINE KURTENBACH AP Business Writer Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Hong Kong’s Hang Seng led the region, gaining 1.6% to 16489.08.
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
Exxon Mobil and Chevron posted results this morning. Follow along for live stock news and updates on other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's first-quarter results.
Equities rallied on easing geopolitical tensions, upcoming quarterly results.
Equities ended the week on an up note thanks to some of the market's biggest names.
US stocks searched for direction on Tuesday as the Dow looked to snap a
Disappointing readings on GDP and inflation helped tank equities.