Stock market today: Asian shares wobble and oil prices fall after Biden's meeting with China's Xi

Asian shares have retreated after Wall Street added a bit more to its big rally from a day before. Oil prices and U.S. futures also were lower. Any lift in sentiment following a meeting between U.S. President Joe Biden and Chinese leader Xi Jinping appeared to vanish after Biden, when asked by a reporter if Xi was a dictator, conceded that he was, “in a sense.” On Wednesday, the S&P 500 rose 0.2% and the Dow industrials added 0.5%. The Nasdaq composite edged up 0.1%. Treasury yields rose after one report said inflation was easing at the wholesale level in the United States, while another indicated sales at retailers were stronger than expected.