Global markets are mostly lower and Japan’s stock index tumbled as the U.S. dollar sank against the yen after the head of the Federal Reserve suggested a cut to interest rates will come soon. The Nikkei 225 in Tokyo sank more than 1,000 points earlier in the day and ended trading down 2.5% on Thursday. Toyota's shares plunged 8.5%, even after it announced a record fiscal first quarter profit. Big technology stocks drove a rally for U.S. indexes. The S&P 500 jumped 1.6% for its best day in five months. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite soared 2.6%.
