Stephen Innes Japan reports pandemic Government Stephen Innes Japan

Stock indexes wobble as investor caution offsets optimism

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Shares were mixed Friday in Asia after markets closed nearly flat on Wall Street, though the S&P 500 and the Nasdaq composite still logged record highs.

Most Asian markets were closed to mark the Lunar New Year. Investors remain cautiously optimistic about prospects for a new round of government aid as the economic recovery seemingly stalls.

The latest U.S. government report on jobless claims reaffirmed that employment remains a weak spot in the economy, even as vaccine distribution ramps up in the hopes of eventually ending the pandemic.

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