After strong earnings from Apple and other big companies helped boost the trading of the company, the price was trading mostly lower on Monday morning. The S&P 500 and Dow Jones Industrial Average snapped a three-week losing streak.
Wall Street's benchmark S&P 500 index rose 2.4% on Friday, giving major indexes their biggest gains this year.
The Federal Reserve has decided to try to cool inflation by accelerating plans to raise interest rates and reduce bond purchases, as well as other measures that are boosting stock prices.
6.6% of the population is affected by this.
The prospects of rising rates and shrinking global liquidity compressed within a much shorter time frame, and brings appreciable risks of unsettling markets, Vishnu Varathan of Mizuho Bank said in a report.
The S&P 500 rose to 4,431 on Friday. The Dow Jones Industrial Average increased by 1.7% to 34,725. The Nasdaq composite jumped by 3.1% to 13,770. The benchmarks in Tokyo and Hong Kong advanced while the benchmarks in Sydney declined. Markets in mainland China, South Korea and Taiwan were closed. Hong Kong and Southeast Asia were due to close later in the week.
The NikkeiNikkei 225 in Tokyo rose 1.2% to 27,028. December retail sales fell 1% from the previous month's 2 year high after the government reported retail sales fell 1%. That was driven by a 4% fall in food purchases.
The Hang Seng increased by 1.1% to 23,802. 26 and Sydney's S&P-ASX 200 shed 0.2% to 6,971. India's Sensex opened at 57,960, up 1.3%. New Zealand and Southeast Asian markets gained.
The major cryptocurrencies Bitcoin, Ethereum and Doge coin were down hours before the opening bell on Wall Street.
The benchmark U.S. crude gained $1.01 to $87.85 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 21 cents to $86.82 on Friday. Brent crude, the price basis for international oils, went from $1.01 to $89.53 per barrel in London. The dollar gained to 115.41 yen from Friday's 115.23 yen. The euro rose to $1.1166 from $1.1146.