AP Business Writers
FILE - In this Jan. 13, 2021 file photo, people walk by the New York Stock Exchange. (AP Photo/Mark Lennihan, File)
Wall Street notched more milestones Thursday, as a broad market rally pushed the S&P 500 to an all-time high and the Dow Jones Industrial Average crossed above the 34,000 mark for the first time.
The S&P 500 rose 1.1%, with technology, health care and communication stocks accounting for much of the upward moves. Only energy and financial companies closed lower. Bond yields fell.
The rally came as investors welcomed a suite of encouraging economic reports showing how hungry Americans are to spend again, how fewer workers are losing their jobs and how much fatter corporate profits are getting.
By YURI KAGEYAMA
AP Business Writer Apr 15, 2021
1 hr ago
TOKYO (AP) Asian shares were mixed Friday as jubilance over positive U.S. economic data and a Wall Street record high were tempered by caution in the region, where the coronavirus vaccine rollout has lagged.
Japan s benchmark Nikkei 225 gained 0.1% to 29,674.31 in morning trading. Australia s S&P/ASX 200 fell nearly 0.1% to 7,052.30. South Korea s Kospi was little changed, inching up less than 0.1% to 3,194.49. Hong Kong s Hang Seng inched down less than 0.1% to 28,771.21, while the Shanghai Composite added 0.2% to 3,406.93.
The contrast in the speed of the vaccine rollout has been striking between the U.S. and Asia. Nearly half of American adults have gotten at least one dose of the vaccine, and about 30% of adults in the U.S. have been fully vaccinated, according to the Centers for Disease Control and Prevention.
Wall Street notched more milestones Thursday, as a broad market rally pushed the S&P 500 to an all-time high and the Dow Jones Industrial Average crossed above the 34,000 mark for the first time. The S&P 500 rose 1.1%, with technology, health care and communication stocks accounting for much of the upward moves. Only energy […]
Stan Choe, Damian J. Troise, and Alex Veiga
Wall Street notched more milestones Thursday, as a broad market rally pushed the S&P 500 to an all-time high and the Dow Jones Industrial Average crossed above the 34,000 mark for the first time.
The S&P 500 rose 1.1%, with technology, health care and communication stocks accounting for much of the upward moves. Only energy and financial companies closed lower. Bond yields fell.
The rally came as investors welcomed a suite of encouraging economic reports showing how hungry Americans are to spend again, how fewer workers are losing their jobs and how much fatter corporate profits are getting.
Asian shares mixed as vaccine wait tempers Wall St optimism kdhnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kdhnews.com Daily Mail and Mail on Sunday newspapers.