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Stock market today: Asian shares mostly higher, though China benchmarks falter

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Asian markets are mostly higher, although Chinese shares faltered. U.S. futures and oil prices edged higher. On Monday, U.S. stocks added to their gains from last week as technology stocks led the way once again. The S&P 500 climbed 1% and the Dow Jones Industrial Average rose 0.5%. The Nasdaq composite added 1.2%.

A person walks in the rain near an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, May 7, 2024, in Tokyo. A person walks in the rain near an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, May 7, 2024, in Tokyo. People stand in the rain near an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Tuesday, May 7, 2024, in Tokyo.

Taiwan’s Taiex was up 0.6%, while India’s Sensex gave up 0.7% as the country began the third phase of its weeks’ longStock market today: Asian shares advance ahead of US jobs report It helped to offset a 9.7% slide for Spirit Airlines, which reported a slightly worse loss than expected. The carrier said it’s facing increased competition in many of its markets, particularly between the United States and Latin America.The U.S. stock market has been swinging since setting a record at the end of March. It sunk for weeks on fears thatwould prevent or at least delay the Federal Reserve from delivering the cuts to interest rates that Wall Street craves.

But several more big names are still on the way, including The Walt Disney Co. and Uber Technologies.

 

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