Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meeting

Release time：2024-05-22 00:20:29 Source：Global Gateway news portal

TOKYO (AP) — Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week.

Japan’s benchmark Nikkei 225 jumped 1.0% to 38,300.49 in afternoon trading, coming back from a national holiday. Sydney’s S&P/ASX 200 rose 0.2% to 7,655.60. South Korea’s Kospi added 0.5% to 2,700.82. Hong Kong’s Hang Seng edged down 0.2% to 17,709.57, while the Shanghai Composite fell 0.2% to 3,105.64.

On Wall Street, the S&P 500 rose 16.21 points, or 0.3%, to 5,116.17, coming off its best week since November. The Dow Jones Industrial Average added 146.43, or 0.4%, to 38,386.09, and the Nasdaq composite gained 55.18, or 0.3%, to 15,983.08.

About a third of the companies in the S&P 500, including heavyweights Amazon and Apple, will report this week on how much profit they made during the first three months of the year. With roughly half the companies in the index reporting so far, the quarterly results have largely been better than expected.

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