Stock market today: Asian markets make modest advance after a slow day on Wall Street

The exchange-traded funds will hold bitcoin and other digital assets, along with what TMTG called “securities with a Made in America focus spanning diverse industries such as energy.” will support the backend technology, provide custody and supply the cryptocurrencies for the ETFs, which will operate under TMTG’s brand.
Tesla rose 3.4% after drifting between modest gains and losses following more grim sales figures from Europe. Its stock nevertheless remains down nearly 29% for 2025 so far.
European sales of Tesla’s electric vehicles dropped by nearly half during the first two months of the year, c
Homebuilder KB Home dropped 5.2% after reporting weaker profit and revenue for the latest quarter than analysts expected. Already mired in a slump, homebuilders may face potentially rising costs due to tariffs, which they will have to pass on to buyers. A report on Tuesday morning said U.S. sales of new homes last month were slightly weaker than economists expected.
In other dealings early Wednesday, U.S. benchmark crude oil gained 29 cents to $69.29 per barrel. Brent crude, the international standard, was up 34 cents at $72.73 per barrel.
The U.S. dollar rose to 150.23 Japanese yen from 149.86 yen late Tuesday. The euro inched up to $1.0795 from $1.0790.
AP Business Writers Matt Ott and Stan Choe contributed.