Stock market today: Asian shares rise after Wall Street rallies to records

FILE - A person takes photograph an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Feb. 22, 2024. Asian benchmarks were mostly higher on Thursday, March 21, 2024 after U.S. stocks rallied to records following the Federal Reserve’s indication that it expects to deliver interest rate cuts later this year. FILE - People look at an electronic stock board showing Japan’s stock prices at a securities firm in Tokyo, Jan. 17, 2024.

Fed Chair Jerome Powell said he noticed the last two months’ worse-than-expected reports, but they “haven’t really changed the overall story, which is that of inflation moving down gradually on a sometimes bumpy road towards 2%. That story hasn’t changed.” “I don’t think we really know whether this is a bump on the road or something more; we’ll have to find out,” Powell said about January and February’s inflation data. “In the meantime, the economy is strong, the labor market is strong, inflation has come way down, and that gives us the ability to approach this question carefully.”

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares mostly rise after Wall Street's record rallyAsian shares are mostly rising, encouraged by a record rally on Wall Street. Benchmarks gained Wednesday in Sydney, Seoul and Hong Kong. Tokyo's Nikkei 225 lost morning gains to slip in afternoon trading. Also on investors' minds is the Japanese yen's rise against the U.S.
Source: AP - 🏆 728. / 51 Read more »

Wall Street shrugs off the inflation report — plus, updates from a key health-care stockEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market today: Global shares trade mixed despite Wall Street's record rallyGlobal shares are mixed in muted trading as optimism set off by a record rally on Wall Street gradually ran out of momentum.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%Asian shares are mostly lower after Wall Street's huge rally faltered last week.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%Asian shares are mostly lower after Wall Street's huge rally faltered last week.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock futures inch higher as Wall Street awaits another inflation report: Live updatesFebruary’s reading of the producer price index is due on Thursday morning.
Source: NBCLA - 🏆 319. / 59 Read more »