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Asian Stocks, U.S. Futures Steady; Dollar Ticks Up: Markets Wrap
This content was published on May 21, 2021 - 02:41
May 21, 2021 - 02:41
(Bloomberg) Asian stocks were steady Friday after a Wall Street rebound as traders weighed the economic recovery from the pandemic as well as the possibility of reduced U.S. stimulus. The dollar pared a decline.
Shares rose in Japan but slipped in Hong Kong and China. Overnight, nearly all major industry groups in the S&P 500 pushed higher, while the Nasdaq 100 rallied past its 50-day moving average. A drop in U.S. initial jobless claims put the focus back on the economic recovery, but there are lingering fears price pressures imperil loose financial conditions. U.S. equity contracts fluctuated.