Stock market today: Asian stocks advance after Wall Street closes out another winning week

The Dow Jones Industrial Average finished the day above the 40,000 level for the first time as U.S. stock indexes drifted around their record heights to close their latest winning week.A heart is displayed on the door of a gift shop across from the New York Stock Exchange on Thursday, May 16, 2024, in New York. The Dow Jones Industrial Average briefly topped the 40,000 level on Thursday for the first time but ended 0.1% lower.

The Hang Seng in Hong Kong added 0.5% to 19,648.19, with its property index up 0.6% by midday. The Shanghai Composite index advanced 0.3% to 3,162.08. The S&P 500, which is the much more important index for Wall Street and most retirement savers, added 0.1% to 5,303.27. It finished just 0.1% shy of its record set on Wednesday and closed out a fourth straight week of gains. The Nasdaq composite slipped 0.1% to 16,685.97.in the right direction after a discouraging start to the year. That in turn revived hopes for the Federal Reserve to

The hope is that the Fed can pull off the balancing act of slowing the economy enough through high interest rates to stamp out high inflation but not so much that it causes a bad recession.

Source: News Formal (newsformal.com)

Iran Government China Government Regulations United States Government General News International News International Finance Business United States Stocks And Bonds China Government Taiwan U.S. News Financial Services World News Business Federal Reserve System World News U.S. News

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 stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian markets follow Wall Street higher ahead of key inflation updateAsian stocks have advanced after a rally on Wall Street took the Nasdaq composite to a record high.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian markets follow Wall Street higher ahead of key inflation updateAsian stocks have advanced after a rally on Wall Street took the Nasdaq composite to a record high. U.S. futures and oil prices also gained. Markets in Hong Kong and Seoul were closed for holidays. Investors were reviewing a mixed report on inflation and awaiting an even more important update on consumer prices later Wednesday.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian markets follow Wall Street higher ahead of key inflation updateAsian stocks have advanced after a rally on Wall Street took the Nasdaq composite to a record high.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Asian shares mixed in muted trading after Wall Street barely budgesAsian shares are mixed in muted trading after U.S. stock indexes were little changed. Investors are waiting for updates on inflation. Chinese markets were flat ahead of an expected announcement by the Biden administration on raising tariffs on imports from China. On Monday, the S&P 500 edged less than 0.1% lower.
Source: AP - 🏆 728. / 51 Read more »