Global Stock Market News: Wall Street On Late Rally, Asian Markets Cautious

Wall street made a late rally, while the Asian markets moved little with high caution in April 29. The Japanese market is shut down on 29th April.

The Dow edged to a 0.53 % and the S&P 500 moved up by 0.32 %. The Nasdaq closed on an even level as the stocks of Amazon and Facebook moved down.Expecting results of the major banks on another round of record profit, the Australian stocks moved up by 0.3%.

The South Korean market moved up by 0.1 %, even though the first quarter operating profits of Samsung Electronics fell down 3.3% to to 8.5 trillion won. However, this was higher than the market speculation of 8.4 trillion.  The MSCI's broadest index of Asia-Pacific shares also exhibited less momentum.

Stock Market News- UK Tech Stocks Stumbled Down Upon Looming Stock Bubble

With fears of a looming tech stock bubble, the UK tech stocks stumbled in early trading after the NASDAQ index lost 3% in New York. This has been the worst session performance since late 2011.

A slide down of 3.6% was seen by Semi conductor maker ARM while the software firm Sage fell down by 2.5%. Monitise, the mobile banking firm slid down by 3.2%, while the fashion retailer Asos fell down by 3.4%. 

Even the new entrant, an internet-based food service, Just Eat, stumbled down by 3.8% which was lower than its IPO price. In another instance,the electrical firm AO World fell down by 2%.

There was greater beating for the US stocks this week and it had influenced the negative sentiments among investors in London. The stocks of Facebook fell down by 5.2%, that of Amazon fell by 4.4%, Google fell down by 3.3% and Twitter fell down by 2.7%.