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Stock market today: Wall Street wavers as Big Tech stocks fall

The article from ABC News discusses the mixed performance of Asian shares following a decline in Wall Street, influenced by concerns over potential interest rate hikes by the Federal Reserve. Specifically, Japan's Nikkei 225 saw a slight increase, while Australia's S&P/ASX 200 and South Korea's Kospi experienced declines. In China, the Shanghai Composite and Hang Seng in Hong Kong also showed varied results. The market reactions were partly due to recent U.S. economic data suggesting a robust economy, which might prompt the Fed to maintain higher interest rates to combat inflation. Additionally, the article mentions that U.S. stock indexes had a mixed day with the S&P 500 and Dow Jones Industrial Average falling, while the Nasdaq composite saw a small gain. This uncertainty in the U.S. market, coupled with global economic indicators, contributed to the cautious trading in Asian markets.

Read the Full ABC Article at [ https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-mixed-after-wall-116263641 ]