Wall Street, Fed
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Rising Japanese bond yields, coupled with the expectation that the Bank of Japan will raise interest rates again later this month for the first time since January, has breathed new life into a Wall Street boogeyman.
European stock markets fell on Monday and Wall Street futures pointed to further losses, while the yen and Japanese government bond yields got a boost from comments suggesting the central bank could hike interest rates.
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TOKYO, - Japan's Nikkei share average rose on Wednesday, as tech stocks tracked Wall Street's overnight gains on growing prospects of a U.S. interest rate cut this month. The broader Topix index fell, as banks lost ground after a sharp rally driven by increasing bets of a Bank of Japan rate hike as soon as this month.
NEW YORK (AP) — The U.S. stock market rose to the edge of its all-time high on Friday. The S&P 500 added 0.2% and finished just 0.3% shy of its record closing level, which was set in October. It had briefly topped the mark during the day, before paring its gain.