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Stock market today: Wall Street points higher as earnings trickle in ahead of Friday's jobs report

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Wall Street was headed for more gains before the open on Wednesday as markets took in the some of the last earnings reports of the period while waiting for Friday's U.S. jobs report
The article from ABC News discusses the recent performance of Asian stock markets following a significant drop in South Korea's Kospi index, which fell by 2.3% due to concerns over the financial stability of Taeyoung Engineering & Construction, a major construction firm. This event triggered broader market jitters about potential defaults and economic stability. In response, other Asian markets also experienced declines: Hong Kong's Hang Seng Index dropped by 0.7%, and Japan's Nikkei 225 saw a decrease of 1.3%. Meanwhile, markets in China and Australia had mixed results, with Shanghai Composite slightly up and Australia's S&P/ASX 200 marginally down. The article also notes that U.S. stock futures were slightly lower, reflecting global economic concerns, particularly around inflation and the possibility of a recession. Additionally, there was mention of a slight increase in oil prices and a stable dollar against the yen, indicating cautious investor sentiment amidst these economic uncertainties.

Read the Full ABC Article at:
[ https://abcnews.go.com/Business/wireStory/stock-market-today-asian-stocks-slide-after-south-116436966 ]