Stock market today: Asian shares turn lower after strong earnings boost stocks on Wall St
Chinese markets fell back after officials in
In
Plans announced so far amount to a “bailout” aimed at nurturing a gradual recovery instead of a “V” shaped short-term rebound in prices, economists at
“Without announcing a major shift in housing policy stance, the policy measure will not induce massive investment demand in real estate,” the report said. But it added that “The package of credit injection is an effective measure to reduce the financial risks and liquidity crunch faced by the developers and the related supply chains, fending off a subprime crisis in China.”
In
Elsewhere in
On Wednesday, the S&P 500 picked up 0.5% to 5,842.47 to recover much of the slide from its all-time high the day before. The Dow Jones Industrial Average rose 0.8%, to set a record at 43,077.70. The Nasdaq composite added 0.3% to 18,367.08.
Energy stocks were holding steadier, including a 0.3% tick higher for
They’ve been generally following the price of oil, which has fallen back as worries recede that
Early Wednesday,
The dollar rose to
Marsh McLennan Reports Third Quarter 2024 Results
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