The Latest Breaking News on Markets

Asian shares are mixed after U.S. stocks rallied

The local bourse has scraped to its first consecutive session of gains for the month, but retreated from a morning rally as wary sentiment overcame optimism.

The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the “Extreme Fear” zone on Friday.

U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 500 points on Friday.

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 200 points on Friday.

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)

Despite Nvidia’s strong quarterly performance, the broader market struggled on Thursday. A robust U.S. jobs report, showing non-farm payrolls rising by 119,000 in September, dampened hopes for a December rate cut, as traders now see a 64% chance of the Fed holding rates steady.

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 150 points on Thursday.

U.S. stocks were higher, with the Dow Jones gaining more than 250 points on Thursday.