BANGKOK — Shares were mostly higher in Asia on Tuesday after U.S. stocks rallied to more records, with gains for technology companies pushing the benchmarks higher.This week has few top-tier economic reports apart from an update Tuesday on how much American shoppers are spending at U.S. retailers and a preliminary look Friday at the state of U.S. business activity. U.S. markets will be closed Wednesday for the Juneteenth holiday.Corp., a market heavyweight, gained 0.
The S&P 500 rose 0.8%, beating an all-time high it set on Thursday. It closed at 5,473.23. The Dow gained 0.5% to 38,778.10, and the Nasdaq composite jumped 1% to 17,857.02. The yield on the 10-year Treasury climbed to 4.28% from 4.22% late Friday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.76% from 4.71%.
As Dame Emma Walmsley stood up to deliver GSK’s latest set of results last month, she was brimming with confidence. This was “another excellent” period, she said, with sales and profits at the company booming.What is market breadth and how can it influence your investing strategy? JC Parets, founder and chief strategist at All Star Charts, discusses the composition of the Nasdaq and NYSE and how it impacts breadth interpretation.
Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash.