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Zimo Zhong

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Recent Articles

apnews.com

Stock market today: Asian stocks mixed amid volatile yen after Wall St climbs on inflation report

Most U.S. stocks are rising after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September. Four out of every five stocks in the S&P 500 were climbing Thursday, and homebuilders, real-estate owners and other stocks that tend to benefit the most from easier interest rates led the way. But modest dips for Microsoft and some other influential companies masked the underlying strength. That dragged the S&P 500 down 0.5%, while the Nasda…

5 months ago

apnews.com

Stock market today: Asian shares are mixed after gains on Wall Street

U.S. stocks are drifting after the French market roared higher as elections continue to drive swings in financial markets worldwide. The S&P 500 rose 0.1% Monday as it kicked off a short, four-day trading week. The Dow Jones Industrial Average added 187 points, and the Nasdaq composite was flat. Some of the world’s strongest action was in Paris, where stocks jumped nearly 2%. Results suggested a far-right French political party may not win a decisive majority in the country’s legislative electio…

6 months ago

apnews.com

Stock market today: Asian stocks follow Wall Street rise, but Nvidi...

U.S. stock indexes are drifting in mixed trading as Nvidia regresses a bit more. The S&P 500 was flat Monday and still hanging near its record set last week. The Dow Jones Industrial Average was up 68 points, and the Nasdaq composite was down 0.2%. Nvidia is on track for a third straight loss and has been pulling back since it briefly overtook Microsoft to become Wall Street’s most valuable company last week. The chip company is coming off its first losing week in the last nine, and it was by fa…

6 months ago

apnews.com

Stock market today: Global stocks are mixed after Wall Street edges...

Global stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. U.S. futures were mixed and oil prices fell. U.K.’s benchmarks fell after data showed the country’s inflation in May fell to its 2% target for the first time in nearly three years. On Tuesday, the S&P 500 rose 0.3% to hit another all-time high. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite edged to another…

6 months ago

apnews.com

Stock market today: Asian stocks are mixed after Wall Street edges ...

U.S. stocks are drifting around their records following the latest signal that the economy’s growth may be slowing without cratering, as hoped. The S&P 500 was virtually unchanged Tuesday, a day after setting a record for the 30th time this year. The Dow Jones Industrial Average was down 21 points, and the Nasdaq composite was 0.2% lower. Treasury yields fell in the bond market after a report showed sales at U.S. retailers returned to growth last month but remained below economists’ expectations…

6 months ago

apnews.com

Stock market today: Asian stocks are mixed ahead of this week’s Fed...

Wall Street ticked lower ahead of the latest Federal Reserve policy decision and a slew of new inflation data. Futures for the S&P 500 fell less than 0.1%, while futures for the Dow Jones Industrial Average edged down 0.1% before the bell Monday. The Fed’s latest interest rate policy decision comes after the U.S. central bank wraps up its two-day meeting on Wednesday. Most expect the Fed to leave its benchmark rate alone again, with inflation remaining sticky. Apple is expected to announce its m…

7 months ago

apnews.com

Stock market today: Asian stocks are mixed ahead of key U.S. jobs data

U.S. stocks are drifting as Wall Street’s momentum cools following its latest record-setting day. The S&P 500 slipped 0.1% Thursday, a day after setting an all-time high for the 25th time this year. The Dow Jones Industrial Average rose 63 points, and the Nasdaq composite dipped 0.2% after setting its own record. Several retailers fell after detailing more struggles for lower-income customers. Nvidia’s stock swung to a loss a day after its total value topped $3 trillion for the first time. Europ…

7 months ago

apnews.com

Stock market today: Asian stocks rise after Wall Street barrels to ...

Asian stocks are higher after Wall Street barreled to new records as the frenzy around artificial-intelligence technology kept sending stocks higher. U.S. futures and oil prices rose. On Wednesday, the S&P 500 jumped 1.2% to beat its record set two weeks ago. The Nasdaq composite rallied even more, 2%, to set its own all-time high. The Dow Jones Industrial Average, which has less of an emphasis on tech, lagged the market with a gain of 0.2%. The rally sent the total market value of Nvidia, which…

7 months ago

apnews.com

Stock market today: Asian shares mostly higher after Wall Street se...

Asian markets are mixed in quiet trading, with most of the regions’ benchmarks inching higher after U.S. stocks hit new record highs. U.S. futures rose while oil prices slipped. Tokyo’s Nikkei 225 fell after Japan reported that its trade deficit rose last month as rising costs for imports outpaced an 8% rise in exports from the year before. On Tuesday, the S&P 500 rose 0.3% to surpass its record set last week. The Nasdaq composite added 0.2%, a day after setting its latest all-time high. The Dow…

7 months ago

apnews.com

Stock market today: Asian markets follow Wall Street higher ahead o...

Stocks edged higher on Wall Street, putting the market a bit closer to the record high it set in late March. The S&P 500 edged up 0.1%, adding to its gains for May following a dismal April. The Dow Jones Industrial Average was up 83 points, and the Nasdaq composite was up 0.2%. Several “meme” stocks were racing higher again including GameStop and AMC Entertainment in a reprise of the social-media driven frenzy of three years ago. Treasury yields edged lower following a mixed report on wholesale…

7 months ago

apnews.com

Stock market today: Asian shares mixed after Wall Street’s lull str...

U.S. stocks are drifting as Wall Street remains in a lull. The S&P 500 was virtually unchanged Wednesday after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average was up by 49 points, and the Nasdaq composite was basically flat. Treasury yields were mixed in the bond market. Uber Technologies slumped after reporting worse results for the latest quarter than analysts expected. Shopify tumbled after giving a forecast for slowing revenue growth. Ly…

8 months ago

apnews.com

Stock market today: Asian markets follow Wall Street swings after F...

Stocks are drifting as Wall Street waits to hear from the Federal Reserve about where interest rates may be heading. The S&P 500 fell 0.3% Wednesday. The Dow Jones Industrial Average rose 49 points, and the Nasdaq composite dipped 0.3%. CVS Health, Starbucks, Advanced Micro Devices and Super Micro Computer all tumbled following their profit reports. But the focus is on the Fed, which is expected to keep its main interest rate steady. Chair Jerome Powell could then give some guidance about the ch…

8 months ago

apnews.com

Stock market today: Asian stocks follow Wall St tumble. Most market...

Stocks are falling after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high. The S&P 500 lost 0.7% Tuesday and is on track to close out its first losing month in the last six. The Dow Jones Industrial Average was down 313 points, and the Nasdaq composite was 0.8% lower. Treasury yields rose after a report showed workers won bigger gains in pay and benefits during the start of the year than expected. Such hotter-than-expected…

8 months ago

apnews.com

Stock market today: Wall Street drifts after a two-day rally - The ...

Stocks are drifting in early trading as Wall Street lets off the accelerator. The S&P 500 edged up 0.3% early Wednesday after a two-day winning streak erased nearly two-thirds of last week’s steep loss. The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite rose 0.6%. Tesla jumped after saying the night before that it would accelerate production of more affordable vehicles. Tesla is the first of the “Magnificent Seven” to report its results for the start of 2024. Treasury yields we…

8 months ago

apnews.com

Stock market today: Tokyo’s Nikkei leads Asian gains following Wall...

Stocks are rallying on Wall Street and adding to their hot start to the week. The S&P 500 was up 1% Tuesday, pulling further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average was up 226 points, and the Nasdaq composite rose 1.4%. A flood of earnings reports is dictating trading. Danaher was one of the strongest forces lifting the market after reporting stronger profit than expected. General Motors and Kimberly-Clark also rose following their reports. A prelimin…

8 months ago

apnews.com

Stock market today: Asian stocks track Wall Street gains ahead of e...

Wall Street is holding steadier following a three-week losing streak. The S&P 500 was up 0.1% Monday, coming off its longest weekly losing streak since September. The Dow Jones Industrial Average was up 17 points, and the Nasdaq composite was up 0.1%. Truist Financial rose after reporting stronger profit than expected. That helped offset a drop for Tesla, which announced more cuts to prices over the weekend. Tesla is one of nearly 150 companies in the S&P 500 set to report its earnings this week…

8 months ago

apnews.com

Stock market today: Asian markets sink, with Japan’s Nikkei down 3....

U.S. stock indexes are ticking higher after a rough run. The S&P 500 was up 0.6% Thursday and on track to break a four-day losing streak. The Dow Jones Industrial Average was up 294 points, and the Nasdaq composite was 0.5% higher. Stronger profit reports than expected from companies like homebuilder D.R. Horton, insurer Elevance Health and auto parts distributor Genuine Parts helped prop up the market. The rebound came despite a rise for Treasury yields, which added pressure to the stock market…

8 months ago

apnews.com

Stock market today: Asia stocks are mostly lower after Wall St rebo...

Asia stocks are mostly lower after gains for Big Tech shares helped U.S. stock indexes claw back much of their slide from the day before. Tokyo and Taiwan rose but other markets fell. U.S. futures and oil prices were higher. The S&P 500 rose 0.7% Thursday. The Nasdaq composite jumped 1.7% to set a record. The Dow Jones Industrial Average edged down by less than 0.1%. Apple was the strongest single force pushing the market upward, and Amazon climbed to set a record, topping its prior high set in…

9 months ago

apnews.com

Stock market today: Asia stocks rise with market focus on signs of ...

Stocks are ticking higher after last week’s roller-coaster end left them shy of their records. The S&P 500 was up 0.3% Monday. The Dow Jones Industrial Average was up 62 points, and the Nasdaq composite was 0.4% higher. The focus on Wall Street has been on interest rates and when the Federal Reserve will lower them. Hot reports on inflation and the economy have forced traders to delay forecasts for when relief on rates could arrive. That raises the pressure on companies to deliver strong profits…

9 months ago

apnews.com

Stock market today: Global stocks mixed after strong US factory dat...

Asian shares are mixed after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates. Hong Kong gained 2.4%. China real estate developer Vanke’s Hong Kong-listed shares slumped over 10% following the company’s report last week of a more than 50% decrease in its 2023 core profit. The S&P 500 fell 0.2% Monday, coming off an all-time high and its latest winning month. The Dow Jones Industrial Average lost 0.6%, and…

9 months ago

apnews.com

Stock market today: Asian shares are mixed after Wall St pulls back...

European shares are mostly declining, but Asian benchmarks finished higher after U.S. stocks climbed to records. While shares rose in France in early Friday trading, they sank in Germany and Britain. Benchmarks finished higher in Tokyo, Sydney, Seoul, Hong Kong and Shanghai. Federal Reserve Chair Jerome Powell has said that interest rate cuts will start this year if inflation continues cooling. Oil prices rose. The U.S. dollar was trading below 150 Japanese yen-levels. Investors are also awaitin…

9 months ago

Zimo Zhong

Correspondent at Associated Press Online

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