financetom
Market
financetom
/
Market
/
Nikkei rallies on weaker yen, Wall Street gains
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nikkei rallies on weaker yen, Wall Street gains
Oct 6, 2024 5:58 PM

TOKYO, Oct 7 (Reuters) - Japan's Nikkei share average

rose in early trade on Monday, supported by Wall Street's gains

on Friday and a weaker yen after a stronger-than-expected U.S.

jobs report suggested the world's largest economy remained

resilient.

The Nikkei had gained 2% to 39,417.6 by 0013 GMT in

a widespread rally, while the broader Topix was up 1.5%.

U.S. job gains increased by the most in six months in

September and the unemployment rate fell to 4.1%, data showed on

Friday, boosting global investor sentiment.

The Dow posted a record closing high on Friday and the

Nasdaq ended with a more than 1% gain.

In Japan, shares of exporters got a boost from the weaker

yen, after the U.S. dollar jumped following the jobs data and

pushed the Japanese currency to its lowest since mid-August on

Monday.

(Reporting by Brigid Riley; Editing by Subhranshu Sahu)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nvidia Shares Decline After SoftBank Exit as Markets Assess Investor Michael Burry's Claims
Nvidia Shares Decline After SoftBank Exit as Markets Assess Investor Michael Burry's Claims
Nov 11, 2025
12:33 PM EST, 11/11/2025 (MT Newswires) -- Nvidia's ( NVDA ) stock was tumbling Tuesday as SoftBank Group sold its entire stake in the chipmaker, while markets evaluated investor Michael Burry's claims that some of the technology heavyweights may be artificially boosting their earnings. Investors have bet big on AI names, driving tech valuations higher, though some analysts are concerned...
US Equity Indexes Trade Mixed Amid Declines in Technology, Communication Services
US Equity Indexes Trade Mixed Amid Declines in Technology, Communication Services
Nov 11, 2025
12:26 PM EST, 11/11/2025 (MT Newswires) -- US equity indexes were mixed in midday trading on Tuesday, led by declines in the technology and communication services sectors. The Nasdaq Composite fell 0.6% to 23,389.8, and the S&P 500 slipped less than 0.1% to 6,827.7. The Dow Jones Industrial Average rose 0.7% to 47,700.1. Healthcare and energy led the gainers intraday....
Exchange-Traded Funds Rise as US Equities Trade Mixed After Midday
Exchange-Traded Funds Rise as US Equities Trade Mixed After Midday
Nov 11, 2025
01:07 PM EST, 11/11/2025 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds IWM and IVV edged higher. Actively traded Invesco QQQ Trust (QQQ) was down 0.3%. US equity indexes were mixed in midday trading on Tuesday, led by declines in the technology and communication services sectors. Energy iShares US Energy ETF (IYE) and the Energy Select Sector SPDR (XLE)...
Sector Update: Tech
Sector Update: Tech
Nov 11, 2025
01:06 PM EST, 11/11/2025 (MT Newswires) -- Tech stocks were lower Tuesday afternoon, with the Technology Select Sector SPDR Fund (XLK) decreasing 0.8% and the SPDR S&P Semiconductor ETF (XSD) falling 2.3%. The Philadelphia Semiconductor index declined 1.8%. In corporate news, Nvidia ( NVDA ) shares fell 2.8% after SoftBank said it has sold its entire stake in the chipmaker...
Copyright 2023-2026 - www.financetom.com All Rights Reserved