Stock market today: Asian shares rebound following latest tumble on Wall Street. Oil prices gain $1

Asian shares have advanced after the latest tumble on Wall Street. U.S. futures gained and oil prices were $1 higher. On Thursday, stocks tumbled after big-name companies warned that an uncertain global economy may hurt their profits. The S&P 500 lost 1.2% touched its lowest level in five months and is nearly 10% below its high mark for the year. Another steep fall for Big Tech dragged the Nasdaq composite to a loss of 1.8%. The Dow Jones Industrial Average fell 0.8%. Treasury yields fell after erasing earlier gains. Reports showed the U.S. economy continues to storm ahead despite much higher interest rates that have lashed the stock market.