US EditionAsian shares are mostly higher after Wall St breaks its winning streak
- On Monday, the S&P 500 dropped 0.6% to 5,650.38, breaking a winning streak that had lasted since 2004, while the Dow Jones decreased by 0.2% to 41,218.83.
- The decline followed economic strains from a 0.3% U.S. GDP shrinkage in Q1, a three-month tariff delay excluding China, and trade policy uncertainty.
- Warren Buffett announced he will step down as Berkshire Hathaway CEO after six decades, and major stock movements included Hathaway falling 5.1%.
- Starting June 1, OPEC+ plans to increase oil production by 411,000 barrels per day, leading to a drop in U.S. Crude prices of up to 4%. Meanwhile, Trump has approved a full tariff on films made outside the United States.
- These developments indicate ongoing market volatility amid economic resilience and unclear impacts from tariffs on sectors including energy and entertainment.
66 Articles
66 Articles
Asian shares mixed after Wall St breaks its winning streak
Shares were mixed Tuesday in Asia after benchmarks fell on Wall Street, snapping a nine-day winning streak. Oil prices bounced back part-way from a 4-year low and U.S. stock futures slipped. A monthly survey measuring future activity in China's services sector fell to its lowest level ever, excluding the pandemic,…
Aspen Daily News
Asian shares are mixed after Wall St breaks its winning streak
Asian shares are mixed after stocks closed lower on Wall Street, breaking a nine-day winning streak. Markets in Tokyo and Seoul remained closed for holidays. U.S. futures slipped and crude prices bounced back slightly from a four-year low. On Monday,…
Associated Press News
Asian shares are mostly higher after Wall St breaks its winning streak
Asian shares are mostly higher after stocks closed lower on Wall Street, breaking a nine-day winning streak. Markets in Tokyo and Seoul remained closed for holidays.
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