buildings at dusk in busan south korea on thursday sept 22 2022 photographer seongjoon chobloomberg via getty images stocks in the asiapacific are set to trade higher after wall street rebounded overnight recovering most losses from the previous session the spasx 200 in australia rose 067 carrying on the sentiment from the us session the nikkei futures contract in chicago was at 26240 while its counterpart in osaka was at 26210 – higher than the nikkei 225s last close at 2609367 south koreas inflation readings maintained cooler levels in december when consumer prices rose 5 compared with a year ago the print is in line with expectations and unchanged from the previous months reading the korean won traded at slightly strengthened levels at 12596 against the us dollar overnight in the us jobless filings rose last week according to the labor department a higher reading than dow jones estimates wall streets major averages are still headed toward their worst year since 2008 as investors head into the final trading days of 2022 all of the major averages ended higher on thursday the dow jones industrial average rose 34509 points or 105 the sp 500 gained 175 and the nasdaq composite climbed 259 to 1047809 morgan stanleys jonas cuts tesla target but is still bullish the turmoil around elon musk and weakness in the electric vehicle market could limit teslas nearterm upside but the company is still in a strong position according to morgan stanley analyst adam jonas cut his price target on the automakers stock but maintained his overweight rating saying that tesla could widen its lead during a period of soft demand for electric vehicles check out more of the call on cnbc pro jobless claims increased last week amid federal reserve efforts to cool the economy and in particular the labor market firsttime filings for unemployment benefits totaled 225000 for the week ended dec 24 the labor department reported thursday that was an increase of 9000 from the previous week and slightly above the 223000 estimate from dow jones longerterm continuing claims which run a week behind the headline number jumped to 171 million an increase of 41000 to the highest level since early february the numbers this time of year are always noisy due to the holidays claims not adjusted for seasonal factors surged by 23146 a 93 increase