Stock market today: Asian shares retreat after a lackluster day on Wall St, but Tokyo jumps 2%
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Asian shares have retreated after a lackluster session on Wall Street, though Tokyo broke ranks, gaining more than 2% as a weaker yen lifted stock prices for export manufacturers like Sony and Kyocera. U.S. futures declined while oil prices gained. Tokyo's Nikkei 225 is trading near a 34-year high. On Tuesday, the S&P 500 slipped 0.1% and the Dow Jones Industrial Average lost 0.4%. The Nasdaq composite edged up 0.1%. The majority of stocks fell, but Nvidia rallied to another record to limit the S&P 500’s losses. Data on U.S. inflation and corporate earnings reports are due out later this week.
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