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Wall Street wheezed to more losses as it limped to the finish of its worst week in six months NEW YORK -- Wall Street wheezed to more losses Friday as it limped to the finish of its worst week in six months. The S & P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall Street's growing understanding that interest rates likely won’t come down much anytime soon. The Dow Jones Industrial Average fell 106.58 points, or 0.3%, to 33,963.84, and the Nasdaq composite dipped 12.18, or 0.1%, to 13,211.81. Pressure has built on Wall Street as yields in the bond market climbed to their highest levels in more than a decade. They’d been rising for months and accelerated this week after the Federal Reserve indicated it’s unlikely to cut its main interest rate by as much in 2024 as investors had hoped. The federal funds rate is at its highest level since 2001, which grinds down on in...

Asian shares are trading mostly higher, led by a jump on the Tokyo Stock Exchange where share prices got a boost of optimism from a new bull market on Wall Street TOKYO -- Asian shares mostly rose Friday, led by a jump on the Tokyo Stock Exchange where share prices got a boost of optimism from a new bull market on Wall Street. Japan's benchmark Nikkei 225 surged 1.8% in morning trading to 32,217.76. Australia's S &P/ASX 200 gained 0.4% to 7,126.50. South Korea's Kospi added 0.9% to 2,634.96. Hong Kong's Hang Seng advanced 0.3% to 19,352.59. The Shanghai Composite inched up less than 0.1% to 3,215.62. On Wall Street, the S &P 500 rose 0.6% to carry it 20% above the bottom it hit in October. That means Wall Street’s main measure of Health has climbed out of a painful bear market , which saw it drop 25.4% over roughly nine months. The arrival of a bull market also doesn’t mean the stock market has made it back to its prior heights. A 25% drop for the S &P 5...

Chinese electric car exporters are starting to compete with global brands in their home markets YOKOHAMA, Japan -- Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese electric car exporters that are starting to compete with Western and Japanese brands in their home markets. They bring fast-developing technology and low prices that Tesla Inc.'s chief financial officer says “are scary.” Furukawa said he ordered an ATTO 3 when it went on sale Jan. 31, for its user-friendly features and appealing price of 4.4 million yen ($33,000) — or about one-quarter less than a Tesla. “It’s perfect,” Furukawa said in his office in Yokohama, southwest of Tokyo. Other ambitious Chinese EV exporters include NIO, Geely Group’s Zeekr and Ora, a unit of SUV maker Great Wall Motors. Some com Pet e on price. Others emphas...