NEW YORK — U.S. stocks are rising as Wall Street looks to build on a three-day winning streak. The S&P 500 rose 0.5% in early trading Wednesday. The Dow Jones Industrial Average gained 140 points, or 04%, and the Nasdaq added 0.6%. Dell Technologies rose 4% after saying it has received record orders for its artificial intelligence servers. Urban Outfitters joined other retailers in reporting earnings that exceeded Wall Street forecasts, and its shares jumped 9.6%. Shares of Deere dropped 5% after the farm equipment company issued a downbeat forecast, citing tariffs. In the bond market, the yield on the 10-year Treasury rose above 4%.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
BANGKOK (AP) —
Shares in Europe and Asia advanced on Wednesday after benchmarks on Wall Street surged on hopes the Federal Reserve will soon opt to cut interest rates.
The future for the S&P 500 gained 0.3%, while that for the Dow Jones Industrial Average was up 0.2%.
In early European trading, Germany’s DAX gained 0.2% to 23,500.98, while the CAC 40 in Paris also rose 0.2%, to 9,623.22. Britain’s FTSE 100 edged 0.1% higher.
In Asia, Tokyo’s Nikkei 225 rose 1.9% to 49,559.07 in a broad rally that encompassed major exporters and technology shares. However, shares in Kioxia dropped 14.9% on reports that Bain Capital plans to sell $2.3 billion of the computer memory maker’s shares.
In South Korea, the Kospi gained 2.7%, to 3,960.87, helped by a 3.5% gain for Samsung Electronics, the market’s biggest heavyweight. Computer chip maker SK Hynix climbed 1%.
Taiwan’s Taiex surged 1.9%.
Chinese markets were mixed.
Hong Kong’s Hang Seng rose 0.1% to 25,928.08 and the Shanghai Composite index slipped 0.2%, to 3,864.18.
Chinese e-commerce and technology giant Alibaba fell 1.9%. Its U.S.-traded shares fell 2.3% on Tuesday af