Stock market today: Asian shares are mixed after Wall Street slips lower and bitcoin bounces higher

Stock market today: Asian shares are mixed after Wall Street slips lower and bitcoin bounces higher

SeattlePI.com

Published

Shares are mixed in Asia after a lackluster day on Wall Street, where selling of technology stocks pulled benchmarks lower. Chinese markets advanced while Tokyo's declined. Baidu's shares sank nearly 7% after it reported its profit plunged. U.S. futures were flat and oil prices fell. On Wednesday, the S&P 500 shed 0.2% and the Dow Jones Industrial Average slipped 0.1%. The Nasdaq composite sank 0.5%. The market retreated as Nvidia and other Big Tech stocks pulled back a bit from their dominating run. A report said the U.S. economy likely grew a touch slower at the end of 2023 than earlier estimated. Bitcoin briefly topped $64,000 for the first time since 2021, lifting stocks of crypto-related companies.

Full Article