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, snapping its longest series of gains since 2004, while the Dow Jones slipped 0.2% to 41,218.83.
- The market decline followed uncertainty from trade wars, including delayed tariffs excluding China, and concerns about the U.S. economy shrinking 0.3% in the first quarter.
- Warren Buffett announced he will step down as Berkshire Hathaway CEO by year-end after six decades, while Ford expects a $1.5 billion tariff-related profit hit this year.
- Oil prices fell 4% on OPEC+ announcing a 411,000 barrels per day output increase starting June 1, and Trump authorized a 100% tariff on non-U.S. produced movies, posted on his Truth Social platform.
- These developments suggest persistent economic strain from tariffs and policy uncertainty, with unclear impacts on markets and industries such as film production and manufacturing.
71 Articles
71 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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