Asian shares are mostly higher, powered by gains for AI-related stocks including computer chips. Regional markets tracked a rally on Wall Street, where the benchmark S&P 500 finished just shy of a record. U.S. futures were little changed and oil prices were slightly lower. Several AI-related companies reported better profit for the spring than analysts expected, while a report showed inflation across the United States was in line with forecasts for a slight improvement, at 3.4%. The S&P 500 added 0.3% on Wednesday, while the Dow industrials fell less than 0.1%. The Nasdaq composite climbed 0.5%.
...FLOOD WATCH REMAINS IN EFFECT FROM 2 PM PDT THIS AFTERNOON THROUGH
THURSDAY EVENING...
* WHAT...Flash flooding caused by excessive rainfall continues to be
possible.
* WHERE...A portion of western Nevada, including the following area,
Greater Reno-Carson City-Minden Area. This includes the Bug and
Stallion Fires.
* WHEN...From 2 PM PDT this afternoon through Thursday evening.
* IMPACTS...Excessive runoff may result in rock, mud, and debris
flows in and near active fire perimeters, steep terrain, and poorly
drained urban areas.
* ADDITIONAL DETAILS...
- Heavy rain from thunderstorms primarily during the afteroon and
evening hours today and Thursday.
- http://www.weather.gov/safety/flood