Stocks soared into the weekend as investors brushed off strong payrolls data and lowered rate-cut expectations.
Strength in several mega-cap tech and communication services stocks kept the main indexes higher Thursday.
HONG KONG (AP) — Asia stocks were mostly higher on Tuesday, with investors mainly focusing on a U.S. inflation report and what it means for interest rate cuts by the Federal Reserve. Oil prices advanced while U.S. futures were mixed. The yen weakened, coming close to a 34-year low. Japan’s benchmark Nikkei 225 gained 0.8% []
One of the hotter biotech companies on the scene might be changing owners
The property and casualty insurer posted a bottom-line miss as catastrophe losses spiked.
↗️ United Airlines (UAL): The airline reported a jump in first-quarter revenue, boosted by [strong demand for flights](https://www.wsj.com/livecoverage/stock-market-today-earnings-04-16-2024/card/united-strikes-deals-for-airbus-jets-after-boeing-
Stocks sold off sharply Friday on disappointing bank forecasts and speculation that Iran is planning an attack on Israel.
The world’s biggest bond market remained under pressure, with traders sifting through a slew of remarks from Federal Reserve speakers on speculation that policymakers will be in no rush to cut rates.
Stocks kicked off the week on a positive note, while bonds fell as data showed economic resilience and speculation grew that the Middle East conflict remains contained.
Stocks in Asia are primed for early declines after higher-than-expected US
Bonds in Asia fell sharply after higher-than-expected US inflation supported the view that the Federal Reserve is in no rush to cut interest rates.
Wall Street traders sent stocks and bonds sliding after a hotter-than-estimated inflation report signaled the Federal Reserve will be in no rush to cut interest rates this year.