BANGKOK – U.S. stocks are holding relatively steady Monday, as markets around the world stabilize following a wild week of extreme swings.
The S&P 500 was up 0.3% in early trading. The Dow Jones Industrial Average was down 4 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% higher.
Many European and Asian stock markets were also relatively quiet. That’s a notable turn after last week kicked off with the worst day for Japanese stocks since the Black Monday crash of 1987, only to give way to the best day since 2022 for U.S. stocks.
The value of the Japanese yen eased on Monday, calming some more after its earlier surge sent shockwaves through markets worldwide. The sharp rise for the Japanese yen following a hike to interest rates by the Bank of Japan forced many hedge funds and investors to abandon a popular trade all at once, …