Asian stocks are mixed after U.S. stocks pulled closer to their records on economic reports that came in close to expectations. The Japanese yen strengthened early Friday against the greenback. U.S. futures were little changed and oil prices rose. The S&P 500 climbed 0.7% on Thursday and pulled back within 1.3% of its record set in July.
Boeing workers vote to strike after rejecting a pay increase of 25% over four years in a setback for the aircraft maker.People walk in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Friday, Sept. 13, 2024, in Tokyo. A person stands in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Friday, Sept. 13, 2024, in Tokyo.
Industrial production figures of Japan that reflect the manufacturing demand were set for release later Friday, which could further affect the cost of yen. On Thursday, the S&P 500 rose 0.7% to 5,595.76, climbing back to within 1.3% of its record set in JulyThe Dow Jones Industrial Average added 0.6% to 41,096.77, and the Nasdaq composite gained 1% to 17,569.68.
The inflation data was similar to Wednesday’s report on prices at the U.S. consumer level. It kept traders betting the Fed will deliver a traditional-sized cut of a quarter of a percentage point next week, instead of the larger half-point that some had been expecting.
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