The yield on the 10-year Treasury rose to 4.41% from 4.40% late Tuesday. Tractor maker Deere, a bellwether for the agricultural industry, fell 3.1% after giving Wall Street a discouraging financial forecast and industry outlook. Clothing retailer Guess slumped 12.3% after cutting its financial forecast. Department store operator Nordstrom fell 4.6% after trimming its profit forecast for the year. Export restrictions to China are pressuring the company, though its stock has more than tripled this year amid booming demand for its chips in artificial intelligence applications.Įarnings reports continue to drift in. Nvidia fell 2.5%, despite handily beating analysts’ profit and revenue forecasts. United Airlines rose 0.9% and American Airlines gained 1.5%. Energy giant Exxon Mobil fell 0.4% and oilfield services company Halliburton dropped 0.8%.īut it lifted airlines and other companies that stand to benefit from lower fuel costs. Microsoft rose 1.3% and Google parent Alphabet added 1.1%.īroadcom slipped 0.9% after announcing that it expects to complete its $69 billion deal to acquire VMWare on Wednesday after clearing all regulatory hurdles.Ī 0.9% drop in oil prices weighed on energy companies. Technology and communications services stocks accounted for a big share of the gains for the S&P 500. markets will be open for half a day on Friday. Trading was muted ahead of the Thanksgiving holiday on Thursday. In South Korea, the Kospi slipped 2 points lower, to 2,509.73.īangkok's SET lost 0.4% and the Taiex in Taiwan was down 0.2%. Sino-Ocean Group Holding's shares soared 18%.Īustralia's S&P/ASX 200 shed 0.6% to 7,030.70. Shares in troubled developer Country Garden jumped 13% amid reports that it is included on a list of real estate companies eligible for financing support. Markets in Greater China have been swaying in reaction to moves by Chinese regulators to prop up the ailing property market. Hong Kong's Hang Seng lost 0.4% to 17,668.99 and the Shanghai Composite index edged 0.2% higher, to 3,048.82. It is expected to extend those cuts after oil prices have fallen after a spike in the summer to almost $100 a barrel.

The oil cartel has been maintaining a tight market for crude oil with production cuts. Oil prices fell about $1 a barrel after OPEC postponed until next week a meeting to discuss production cuts. BANGKOK – Shares were mostly lower in Asia on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain.

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