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2024

Asian stocks down after Big Tech pulls S&P 500 and Nasdaq lower

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Asian stocks are down after a mixed finish on Wall Street, with the Dow Jones Industrial Average climbing to an all-time high while Big Tech companies pulled the S&P 500 and the Nasdaq composite lower. U.S. futures fell. Oil prices eased from their recent highs, which had been driven by heavy fire between Israel and Hezbollah on Sunday. Canada announced a 100% tariff on the import of Chinese electric vehicles and a 25% tariff on Chinese steel and aluminum. The Dow edged up 0.2% Monday, enough to beat the all-time high it set last month. The S&P 500 lost 0.3% and the Nasdaq composite pulled back 0.9%. Nvidia is among several companies reporting their latest results this week.