THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below.
Asian markets were mostly higher Friday after the
Shares retreated in
Hong Kong’s Hang Seng climbed 1.1% to 25,554.60. The Kospi in
Shares fell in
Overnight, the S&P 500 ticked 0.2% higher, moving further into record territory and closing at 3,484.55, after
The hoped for change in the Fed’s strategy is a huge deal for markets that have been rescued by central banks slashing short-term interest rates and buying all kinds of bonds.
Stock prices have held steady, though, even as the economy dipped into recession late last year.
Abe stepped down from a brief earlier term as prime minister in 2007, also for health reasons. An effective medication to treat his condition, an inflammatory bowel ailment known as ulcerative colitis, reportedly allowed him to regain his footing and win a second term in late 2012. He recently became
The Japanese Prime Minister’s Office said the reports by national broadcaster
The disruptions dealt by the coronavirus pandemic have pushed the
“With the adoption of allowing inflation to overshoot their target, the Fed is slowly becoming the
With its fifth straight day of gains, the S&P 500′s has climbed 56% since late March after the immense support of the Fed helped halt its earlier free-fall and erase its pandemic losses.
The yield of the 10-year
A report Thursday showed the pace of layoffs sweeping the
In another report, the government also said that the economy looks like it shrank at an annual rate of 31.7% in the spring quarter. That would be the sharpest quarterly drop on record, but it’s not as bad as the Commerce Department’s earlier estimate of 32.9%.
In other trading Friday, benchmark
In currency dealings, the