Stock market today: Global stocks are mixed after Wall St tumble. Most markets close for holiday
World stocks are mixed with most of the markets closed for a holiday stocks in the United States closed out their worst month since September
HONG KONG — Britain's index opened higher Wednesday while Japan and Australian markets fell, with most of the markets closed for a holiday. Meanwhile, stocks in the United States closed out their worst month since September.
U.S. shares were set to drift lower as Dow futures lost 0.1% and S&P 500 futures dipped 0.3%.
London’s FTSE 100 opened higher Wednesday with the index up 0.2% to 8,159.46 in early trading. Investors are waiting for the U.S. Federal Reserve’s interest rate decision later in the day.
Tokyo’s Nikkei 225 index lost 0.3%, down to 38,274.05 after the country’s factory activity experienced a milder shrink in April, as the manufacturing purchasing managers’ index from au Jibun Bank rose to 49.6 in April from 48.2 in March. A PMI reading under 50 represents a contraction, and a reading of 50 indicates no change.
The yen continues to struggle. On Wednesday, the U.S. dollar rose to 157.97 Japanese yen from 157.74 yen.
Australia’s S&P/ASX 200 dipped 1.2% to 7,569.90. Other markets were closed due to the Labor Day holiday.
On Tuesday, the S&P 500 tumbled 1.6% to cement its first losing month in the last six, and ended at 5,035.69. The Dow Jones Industrial Average dropped 1.5% to 37,815.92, and the Nasdaq composite lost 2% to 15,657.82.
Stocks began sinking as soon as trading began, after a report showed U.S. workers won bigger gains in wages and benefits than expected during the first three months of the year. While that’s good news for workers and the latest signal of a solid job market, it feeds into worries that upward pressure remains on inflation.
It followed a
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