![]() ![]() It also raised forecasts for financial results for the full year. Johnson & Johnson helped drive the Dow's gains, climbing 6.1% after reporting profit and revenue that both topped expectations for the latest quarter. It also said it was pausing buybacks of its stock while it conducts an internal review. Its results for the latest quarter fell short of forecasts, and it disclosed it was working with regulators to resolve an accounting error dating back to 2007 that misclassified some credit card accounts. The biggest loss in the S&P 500 came from Discover Financial, which slid 15.9%. The Shanghai Composite index slipped 0.2% to 3,162.37. That eases pressure on the central bank to adjust the ultra-lax monetary policy that it has kept in place for over a decade to counter sluggish economic growth. Price increases excluding energy and volatile food costs fell. ![]() Japan reported consumer inflation edged higher in June, from 3.2% to 3.3%, but mainly due to increases in electricity rates. It also said it would not meet a 2024 target for starting production at a factory under construction in Arizona. Taiwan's Taiex 0.8% fell after TSMC, the world's biggest manufacturer of computer chips, said it expects its sales to fall 10% this year as demand wanes. futures edged higher and oil prices also climbed. Hong Kong, Seoul and Bangkok advanced while Tokyo, Shanghai and Sydney declined. BANGKOK - Shares were mixed Friday in Asia after the latest rally on Wall Street fizzled, with big declines for Tesla, Netflix and other big tech-oriented stocks. ![]()
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