{"id":114484,"title":"What happened overnight – Tuesday 21st May 2024","publisher":"Share Talk","author":"sharetalk","published":"2024-05-21T08:06:52+00:00","modified":"2024-05-21T08:06:52+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-tuesday-21st-may-2024/","markdown_url":"https://www.share-talk.com/what-happened-overnight-tuesday-21st-may-2024.md","json_url":"https://www.share-talk.com/what-happened-overnight-tuesday-21st-may-2024.json","category":"B2B","categories":["B2B","Blogs","Business & Support Services","Technology","Technology, Media & Telecoms"],"tags":["Asian","Dow Jones Industrial Average","Hang Seng","Hong kong","Nasdaq Composite index","S&P 500","South Korea","Stock Markets","Taiwan","Tokyo","US stocks","US Treasury bonds","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/WORLD-750x406-1.webp?fit=750%2C406&quality=80&ssl=1","format":"news","language":"en-GB","content":"Asian stocks mostly declined on Tuesday, despite gains in most U.S. stock indices, particularly in technology sectors like Nvidia.\n\nIn Japan, the Nikkei 225 index saw a slight increase of 0.2% to 39,141.08. Conversely, Australia’s S&P/ASX 200 dropped by 0.2% to 7,851.90.\n\nSouth Korea’s Kospi index decreased by 0.4% to 2,732.26. In Hong Kong, the Hang Seng plummeted by 2.1% to 19,233.09, and the Shanghai Composite fell by 0.4% to 3,159.90.\n\nInvestors in Asia remain attentive to developments regarding the Chinese economy’s health. S&P Global Market Intelligence recently upgraded its growth forecast for this year to 4.8% from 4.7% in April, though it maintained a cautious outlook.\n\nIn the U.S., the Nasdaq Composite reached a new high on Monday, and the S&P 500 saw modest gains, driven by a surge in technology stocks ahead of Nvidia’s earnings report expected on Wednesday. Investors are also monitoring the Federal Reserve’s decision-making on interest rate cuts.\n\nThe Nasdaq Composite rose by 0.65% to 16,794.87, and the S&P 500 increased by 0.09% to 5,308.13. Meanwhile, the Dow Jones Industrial Average dropped by 0.49% to 39,806.77, influenced by a 4.5% fall in JPMorgan shares after CEO Jamie Dimon expressed a cautious outlook and announced the company’s decision against stock buybacks at current prices.\n\nU.S. Treasury yields saw a slight increase after Federal Reserve officials expressed uncertainty about the timing of future rate cuts. The benchmark 10-year yield rose to 4.4453%, up from 4.42% the previous Friday."}