From Bloomberg: 2024-04-30 18:37:44

Stocks in Asia are expected to open lower in May due to concerns that the Federal Reserve will maintain higher interest rates for a longer period. US benchmarks saw a selloff, leading to increased bond yields and a stronger dollar. Futures for Tokyo and Sydney indicate drops of at least 1%, with many markets closed for public holidays. The S&P 500 experienced its biggest drop since January after a significant increase in a key labor cost index, fueling expectations that rates will remain at a two-decade high. US stock futures also slipped in early trading.



Read more at Bloomberg: Stock Market Today: Dow, S&P Live Updates for May 1