Global markets mixed after Wall Street decline
JOE McDONALD, AP Business Writer
May 5, 2021
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1of5A woman walks past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, May 5, 2021. Major Asian stock markets advanced Wednesday after Wall Street fell, while Chinese and Japanese markets were closed for holidays.Vincent Yu/APShow MoreShow Less
2of5People walk past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, May 5, 2021. Major Asian stock markets advanced Wednesday after Wall Street fell, while Chinese and Japanese markets were closed for holidays.Vincent Yu/APShow MoreShow Less
Damian J. Troise and Alex Veiga
Technology companies dragged indexes lower on Wall Street Tuesday, pulling the market further from its recent all-time highs.
The S&P 500 fell 0.7%, erasing its gains from last week. Big technology companies like Apple and Microsoft fell as the sector declined for the sixth straight day. Losses in communications stocks and companies that rely on consumer spending also weighed on the market, offsetting gains by financial, industrial and materials stocks. Treasury yields fell slightly.
Investors continue to focus on corporate earnings and on gauging the economic recovery’s progress. Earnings and most economic indicators have been signaling a steady improvement, but investors remain concerned about the lingering threat from COVID-19, inflation and other factors that could crimp progress.
Asia markets mixed after Wall Street decline
JOE McDONALD, AP Business Writer
May 4, 2021
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1of5A woman walks past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, May 5, 2021. Major Asian stock markets advanced Wednesday after Wall Street fell, while Chinese and Japanese markets were closed for holidays.Vincent Yu/APShow MoreShow Less
2of5People walk past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Wednesday, May 5, 2021. Major Asian stock markets advanced Wednesday after Wall Street fell, while Chinese and Japanese markets were closed for holidays.Vincent Yu/APShow MoreShow Less
Wednesday, May 05, 2021 10:00 am
Stocks rise early as GM, others report strong earnings
Associated Press
NEW YORK – Stocks are rising on Wall Street. boosted by a rebound in technology companies and a number of strong earnings reports. The S&P 500 index rose 0.3% early Wednesday, a day after dropping 0.7%. Shares of General Motors rose 4% after the automaker earned nearly $3 billion in the first quarter. Video game maker Activision and apparel company Under Armour also rose after reporting better-than-expected results. Bond yields pulled back after payroll processor ADP reported jobs growth below economists’ expectations. That helped to ease inflation worries and gave a boost to technology stocks. Shares of communications and consumer-focused companies also were among the early gainers.