Asian shares were mixed Wednesday, as investors took a wait-and-see stance ahead of earnings reports and possible moves by central banks.
Japan's benchmark Nikkei 225 slipped 0.2% to finish at 28,606.76. Australia's S&P/ASX 200 edged up nearly 0.1% to 7,365.50. South Korea's Kospi gained less than 0.1% to 2,573.58. Hong Kong's Hang Seng lost 1.2% to 20,410.16. The Shanghai Composite shed 0.6% to 3,371.66.
Wall Street closed little changed after a day of meandering trading. The S&P 500 edged up 0.1% to 4,154.87 after drifting between small gains and losses throughout the day. Bank of America rose 0.6% after its better-than-expected profit report led to an up-and-down day of trading. The majority of companies have been beating forecasts so far in the early days of this reporting season.
Health care stocks were broadly weak and the heaviest weight on the S&P 500 out of the 11 sectors that make up the index. Johnson & Johnson fell 2.8% despite reporting stronger profit than expected and raising its dividend. The worry was that customers could pull their deposits out of banks together at once, similar to the runs that toppled Silicon Valley Bank and Signature Bank. Most of the focus has been on regional banks instead of the massive "too-big-to-fail" banks like JPMorgan Chase and Bank of America.
The Federal Reserve has jacked rates up at a furious pace over the last year in hopes of slowing high inflation. High rates can suffocate inflation, but only by slowing the entire economy in one blunt action, raising the risk of a recession and hurting investment prices.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
S&P/TSX composite edges up in late morning trading, U.S. stock markets mixed | Globalnews.caS&P/TSX composite edges up in late morning trading, U.S. stock markets mixed
اقرأ أكثر »
Stock market today: Shares mixed following China growth dataGlobal shares were mixed Tuesday as pessimism over economic and political uncertainties remained even as China reported better-than-expected growth data.a.
اقرأ أكثر »
PSAC strike starts Wednesday if no deal is reached, union saysPSAC national president says union is getting \u0027very frustrated\u0027 at the slow\u002Dmoving negotiations, which are mostly stalled on wages and teleworking
اقرأ أكثر »
PSAC says strike will begin Wednesday if no deal reached with federal governmentThe country's largest federal public service union says if a deal isn't reached with the federal government by 9 p.m. eastern time on Tuesday, it will strike this Wednesday.
اقرأ أكثر »
Federal public servants to strike Wednesday if no deal reached, union says | CBC NewsBreaking: Public Service Alliance of Canada leadership says all workers in a legal strike position will strike Wednesday if they don't reach an agreement by 9 p.m. ET Tuesday.
اقرأ أكثر »
PSAC says strike will begin Wednesday if no deal reached with federal governmentThe Public Service Alliance of Canada says some 155,000 employees are prepared to walk off the job, including 35,000 workers from the Canada Revenue Agency.
اقرأ أكثر »