Asian shares are mixed after Wall Street gains, oil price steadies
Tech shares led the rally as analysts forecast S&P 500 earnings growth above 25% for a third straight quarter, FactSet said.
- On Tuesday, Oct. 6, Asian markets advanced following a tech-led record close for the Nasdaq Composite, as easing oil prices helped dampen inflation concerns.
- Brent crude retreated below $100 per barrel as Middle East oil exports recovered toward pre-war levels, though shipping attacks keep regional supply risks elevated.
- Tech giant Nvidia climbed 2.1% to a record $5.76 trillion market value, while the 10-year U.S. Treasury yield stabilized at 5.3089% after hitting 24-year highs.
- Markets reduced bets for an interest rate hike from the Federal Reserve this month to 23% from 71% a week ago, anticipating the earnings season.
- Goldman Sachs analysts project 27% growth in S&P 500 earnings, with over half the expansion driven by AI infrastructure spending despite persistent geopolitical uncertainties.
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The Korea Times
US stocks rise toward an all-time high after oil prices ease
NEW YORK — U.S. stocks are rising Tuesday and on track to hit an all-time high after oil prices gave back some of their big recent gains. The S&P 500 added 0.8 percent and was on pace to finish the day above its record set in August. The Dow Jones Industrial Average was up 265 points, or 0.5 percent, as of 11 a.m. Eastern time, and the Nasdaq composite was adding 0.8 percent to its own all-time high set the day before. Stocks got a boost after t…
The S&P 500 index hits the new intraday historical peaks in Wall Street trading, rising by 0.65%, to 7.824.51 points, supported by the rise in major technological securities and the fall in oil prices and Treasury bond yields. (ANSA)
The mood on the world's stock markets is good, the US stock markets closed higher yesterday, gains were seen in Asia this morning, and European indices are also in the red. Investors are focused on global bond yields and oil prices, US yields are falling today, and oil prices are also heading downwards. The rise on the US stock markets continues today in the minutes after the opening, the S&P 500 and Nasdaq reached new highs, and Nvidia is withi…
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