Stock market today: Asian shares lower after Wall Street closes another winning week

Asian shares are mostly lower after U.S. stocks coasted to the close of their latest winning week on Friday, even as Nvidia’s stock cooled further from its startling, supernova run. U.S. futures and oil prices dropped. The yen weakened to 159.93 per dollar during morning trading. The S&P 500 slipped 0.2% Friday, but it remained near its all-time high set on Tuesday. The Dow Jones Industrial Average edged less than 0.1% higher and the Nasdaq composite fell 0.2%. Nvidia dragged on the market again as it closed its first losing week in the last nine. U.S. Treasury yields held steady after a preliminary report suggested U.S. business activity is stronger than expected while pressure on inflation remains muted.