Stock market today: Asian shares rise after Wall Street rally, and China promises a briefing
TOKYO -- Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street. Japan's benchmark Nikkei 225 edged up 0.4% in morning trading to 39,439.50. Australia's S & P/ASX 200 rose 0.6% to 8,239.10. South Korea's Kospi added 0.3% to 2,601.66.
One of Wall Street's biggest bears is turning upbeat on the stock market for the first time in 2 years
"While it is too soon to assume that this is a turning point, it does suggest that a recession is unlikely in the near term," JPMorgan said.
Tesla Stock vs. Microsoft Stock: Wall Street Says Buy One and Sell the Other
Tesla shares have declined 3% year to date, while Microsoft shares have advanced just 9%. But Wall Street expects the stocks to move in opposite directions over the next year. Among the 58 analysts that follow Microsoft, the median price target is $497.50 per share. That forecast implies 22% upside from its current share price of $409.
Stock market today: Wall Street rebounds after Hong Kong stocks fall to worst day since 2008
Wall Street held firm even though stock markets around the world sank following scary swings in China, as euphoria about possible stimulus for the world’s second-largest economy gave way to disappointment. Stocks tumbled 9.4% in Hong Kong for their worst day since the 2008 global financial crisis.
One Wall Street Analyst Thinks RTX Stock Is Going to $120. Is It a Buy?
A Bernstein analyst recently raised the company's price target on RTX (NYSE: RTX) stock to $120 from $115 and maintained a "market perform" rating. The analyst notes that the aerospace and defense stock has had a strong run recently in line with the defense sector.
Stock Market Today: Wall Street Hangs Near Its Records After Wild Swings in Asian Markets
U.S. stocks hold steady near records as Asian markets experience wild swings, with Japan tumbling and China soaring.
Asian markets rise after Wall Street rally, and China promises a briefing
Asian shares mostly rose Thursday, as market optimism got a perk from the record highs set on Wall Street. Back To Top
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