Asian Benchmarks Mostly Rise After Wall Street’s Rally – WTOP News
- U.S. stocks rose as oil prices retreated, despite higher-than-expected inflation data and concerns about Middle East tensions.
- At 11:31 a.m. ET, the S&P 500 was up 1.06%, the Nasdaq Composite gained 1.31%, and the Dow rose 0.95%.
- Technology and communication stocks led most sectors higher, with Arista Networks and Hewlett Packard gaining.
- The probability of a September rate hike increased to 86%.
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Reformatorisch Dagblad
The AEX index started Tuesday with gains. Investors were buoyed by the significantly higher closing prices on Wall Street, where the tech index Nasdaq reached a new record thanks to a recovery rally in the AI sector. Last week, AI stocks were under pressure following warnings from top executives about the dangers of the technology and calls to slow down development.
Global markets are optimistic that a diplomatic solution can be reached between the United States and Iran, with the rise in technology and AI shares, as well as the rise in technology and artificial intelligence stocks.
Asian benchmarks mostly rise after Wall Street’s rally – WTOP News
TOKYO (AP) — Asian shares mostly rose early Tuesday, as the market mood turned positive from the overnight rally on Wall Street. Australia’s S&P/ASX 200 added 02% in early trading to 8,748.20. South Korea’s Kospi jumped 1.6% to 7,120.25. Hong Kong’s Hang Seng gained nearly 0.6% to 25,185.26, while the Shanghai Composite rose 0.4% to...
U.S. stock indices have completed the bidding on Monday plus, and Nasdaq Composite has updated the record maximum.
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