Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flare

A police officer rides a bicycle past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Friday, April 19, 2024, in Tokyo. Asian markets tumbled Friday, with Japan’s benchmark Nikkei 225 down more than 3% on heavy selling of semiconductor-related shares.A person stands in front of an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Friday, April 19, 2024, in Tokyo.

The yen was slightly firmer against the U.S. dollar, with the latter falling to 154.38 Japanese yen from 154.64 yen.Iran fires air defense batteries at Isfahan air base and nuclear site after drones spottedfor the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. But the rate remains near zero.

The Dow Jones Industrial Average edged up 0.1% to 37,775.38, and the Nasdaq composite slipped 0.5% to 15,601.50. Helping to offset those losses was Elevance Health, which climbed 3.2% after raising its profit forecast for the full year. Genuine Parts jumped 11.2% for the biggest gain in the S&P 500 after the distributor of automotive and industrial replacement parts reported stronger profit than analysts expected. It also raised its range for forecasted profits over the full year.

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