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Stock Market Today: Dow, S&P Live Updates for April 23

Apr 23, 2024 - bloomberg.com
Asian stocks have seen an increase following a rebound in US shares from a $2 trillion selloff, spurred by optimism that big tech leaders will announce significant profits this week. Benchmark indexes in Japan and South Korea advanced, and futures in Hong Kong also indicated potential gains.

In the US, contracts for equities remained relatively unchanged after the S&P 500 surpassed 5,000, ending a six-day decline. The Nasdaq 100 saw a 1% increase, led by Nvidia Corp. Apple Inc. was highlighted as a top pick for 2024 by Bank of America Corp., due to positive expectations for its upcoming results.

Key takeaways:

  • Asian stocks rose following a rebound in US shares after a $2 trillion selloff.
  • Optimism over big tech leaders announcing hefty profits this week contributed to the rise.
  • Benchmark indexes advanced in Japan and South Korea, and futures in Hong Kong also pointed to gains.
  • Apple Inc. was named a top pick for 2024 at Bank of America Corp. due to optimism over its upcoming results.
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