Wall Street Ends Mixed as Tech Dips, Defense Stocks Rally
- Thursday, Asian shares were mixed after Wall Street's momentum cooled, with Tokyo's Nikkei 225 down 1% to 51,660.50, South Korea's Kospi up 0.6% to 4,576.95, and Hong Kong's Hang Seng falling 3.2%.
- Mixed U.S. data and bond-market swings on Wednesday, plus President Donald Trump's post on blocking large institutional investors and oil-market jitters after U.S. actions in Venezuela, cooled Wall Street optimism.
- U.S. equities showed mixed moves, with the S&P 500 falling 0.3% to 6,920.93 and the Dow Jones Industrial Average dropping 0.9% to 48,996.08, while D.R. Horton slid 3.6% and PulteGroup dropped 3.2%.
- Yields and oil prices reacted, with the dollar falling to 156.66 yen, the 10-year Treasury yield easing to 4.14% from 4.18%, and Brent crude rising to $60.22 per barrel.
- The expected U.S. jobs release on Friday from the U.S. Labor Department and Trump’s remarks on Venezuela supplying 30 million to 50 million barrels keep markets alert.
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83 Articles
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