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

SeattlePI.com Tuesday, 7 May 2024 ()
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%. Treasury yields held steady in the bond market following last week's big moves on hopes that a cooling job market could get the Federal Reserve to cut interest rates this year. Berkshire Hathaway rose after Warren Buffett’s company reported its latest quarterly results over the weekend. The Walt Disney Co. and Uber Technologies will also report their earnings later this week.
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