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Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate
Nation & World Business

Stock market today: Asian stocks are mostly higher as Bank of Japan raises benchmark rate

  • By The Associated Press
  • Updated

Asian stocks are mostly higher following a decision by the Bank of Japan to raise its benchmark interest rate. Policy decisions were due later Wednesday from the Federal Reserve and Bank of England. Tokyo's Nikkei 225 index was nearly unchanged while the dollar rose slightly against the yen after the Japanese central bank raised its key rate to 0.25% from 0.1%. On Tuesday, more drops for Big Tech stocks overshadowed gains on Wall Street. The S&P 500 slipped 0.5% and the Dow Jones Industrial Average rose 0.5%. The Nasdaq composite fell 1.3%. PayPal and JetBlue Airways rallied after delivering stronger results for the latest quarter than expected.  Many other Big Tech stocks also weakened.

South Korea Financial Markets
Nation & World Business

South Korea Financial Markets

  • Ahn Young-joon - staff, ASSOCIATED PRESS
  • Updated

Currency traders work near the screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 31, 2024. (AP Photo/Ahn Young-joon)

South Korea Financial Markets
Nation & World Business

South Korea Financial Markets

  • Ahn Young-joon - staff, ASSOCIATED PRESS
  • Updated

A currency trader watches the screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 31, 2024. (AP Photo/Ahn Young-joon)

South Korea Financial Markets
Nation & World Business

South Korea Financial Markets

  • Ahn Young-joon - staff, ASSOCIATED PRESS
  • Updated

Currency traders work near the screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 31, 2024. (AP Photo/Ahn Young-joon)

South Korea Financial Markets
Nation & World Business

South Korea Financial Markets

  • Ahn Young-joon - staff, ASSOCIATED PRESS
  • Updated

Currency traders watch monitors near the screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 31, 2024. (AP Photo/Ahn Young-joon)

Stock Market

How major US stock indexes fared Tuesday, 7/30/2024

  • The Associated Press

More drops for Big Tech stocks kept U.S. stock indexes in check Tuesday. The S&P 500 slipped 0.5% Tuesday although most stocks within it rose. The Dow Jones Industrial Average rose 203 points, and the Nasdaq composite fell 1.3%. PayPal and JetBlue Airways rallied after delivering stronger results for the latest quarter than expected. But Microsoft slid as investors waited for its latest profit report, which arrived after the closing bell. Many other Big Tech stocks also slid. Treasury yields eased ahead of a decision on interest rates by the Federal Reserve due Wednesday.

Stock Market

Closing prices for crude oil, gold and other commodities

  • The Associated Press

Benchmark U.S. crude oil for September delivery fell $1.08 to $74.73 per barrel Tuesday. Brent crude for September delivery fell $1.15 to $78.63 per barrel. Wholesale gasoline for August delivery fell 3 cents to $2.39 a gallon. August heating oil fell 4 cents to $2.34 a gallon. September natural gas rose 9 cents to $2.13 per 1,000 cubic feet. Gold for December delivery rose $26.40 to $2,451.90 per ounce. Silver for September delivery rose 66 cents to $28.53 per ounce, and September copper was unchanged at $4.08 per pound. The dollar fell to 153.29 Japanese yen from 154 yen. The euro fell to $1.0811 from $1.0823.

American consumers feeling more confident in July as expectations of future improve
Stock Market

American consumers feeling more confident in July as expectations of future improve

  • By MATT OTT - AP Business Writer
  • Updated

American consumers felt more confident in July as expectations over the near-term future rebounded. However, in a reversal of recent trends, feelings about current conditions weakened. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 100.3 in July from a downwardly revised 97.8 in June. The measure of Americans’ short-term expectations for income, business and the job market rose in July to 78.2 from 72.8 in June. A reading under 80 can signal a potential recession in the near future. Consumers’ view of current conditions dipped in July to 133.6, from 135.3 in June.

Financial Markets New York
Nation & World Business

Financial Markets New York

  • Peter Morgan - staff, ASSOCIATED PRESS
  • Updated

People pass the New York Stock Exchange on Tuesday, July 30, 2024 in New York. Wall Street is mixed as more companies post quarterly earnings numbers and the Federal Reserve prepares to convene its latest monetary policy meeting and talk about the future of rates in the U.S.(AP Photo/Peter Morgan)