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Asian shares are higher after technology companies powered the biggest rally on Wall Street since March. All major regional indexes advanced, with Tokyo gaining 1.4%. On Thursday, the S&P 500 jumped 1.7% as a wave of buying gained momentum from a day earlier, when the market broke a three-day losing streak. The Dow Jones Industrial Average rose 1.6%, while the Nasdaq rose 1.7%. Health care stocks did especially well, led by a 4.2% gain in UnitedHealth Group after the leading health insurer easily beat analysts' earnings forecasts and raised its outlook. Apple and Microsoft each rose more than 2%. The yield on the 10-year Treasury fell to 1.52%.

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Asian shares are mostly higher, tracking an overnight rally on Wall Street as investors sought out bargains, including technology stocks. Benchmarks rose in Tokyo, Seoul and Sydney in morning trading. Markets in Hong Kong were closed for a holiday. Shares in Shanghai were little changed after the government reported a surge in consumer and producer prices. Singapore's Monetary Authority tightened its policy, citing price pressures. Shares were mostly higher on Wall Street as the S&P 500 broke a three-day losing streak. Federal Reserve minutes showed the central bank might begin to taper the unprecedented financial support it has been giving the economy since the early days of the pandemic. 

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Consumer prices rose 0.4% last month, slightly higher than August’s gain and pushing annual inflation back to the highest increase in 13 years. The consumer price index rose 5.4% in September from a year ago, up slightly from August’s gain of 5.3% and matching the increases in June and July. Excluding the volatile food and energy categories, core inflation rose 0.2% in September and 4% compared with a year ago. Core prices hit a three-decade high of 4.5% in June. 

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Stocks closed broadly lower after a day of choppy trading on Wall Street Monday as investors prepare for a busy week of corporate earnings and inflation updates. The S&P 500 lost 0.7%. The Dow Jones Industrial Average also fell 0.7% and the Nasdaq fell 0.6%. Most sectors finished in the red. Sectors that are viewed as less risky, such as real estate, were among the few to notch gains within the benchmark S&P 500. The price of crude oil rose 1.5%. JPMorgan Chase delivers its results on Wednesday. Bond trading was closed for the Columbus Day holiday.

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FILE - In this April 6, 2020 file photo, a customer wearing a mask carries his purchases as he leaves a Target store during the coronavirus pandemic, in the Brooklyn borough of New York. Target is the latest big U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday, Nov. 18 that its online sales surged 155% in the three months that ended Oct. 31. (AP Photo/Mark Lennihan, File)