The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Stocks slid and bond yields soared on Wednesday after inflation data came
BANGKOK (AP) — Shares were mixed Wednesday in Asia after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong’s Hang Seng gained 1.7% to 17,115.94
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
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.
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
NEW YORK (AP) — A washout on Wall Street sent stocks sinking Wednesday, as worries rose that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend. The S&P 500 dropped 0.9%, and the vast majority of stocks within the index fell. The Dow Jones Industrial Average []
Equities retreated after inflation data called the Fed's rate-cut plans into question.
Equities rallied on easing geopolitical tensions, upcoming quarterly results.
Strength in several mega-cap tech and communication services stocks kept the main indexes higher Thursday.
US stocks searched for direction on Tuesday as the Dow looked to snap a
Investors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.