On Tuesday, Might 7th, U.S. stock exchange closed combined, with the S&P 500 and Dow Jones Industrial Average ending somewhat greater, extending their winning streaks on expectations of upcoming Federal Reserve rate cuts.
In financial information, the Logistics Supervisor’s Index dropped to 52.9 in April, below 58.3 in March.
Many S&P 500 sectors closed greater, led by gains in products, energies, and customer staples, although customer discretionary and infotech stocks ended the session lower.
The Dow Jones Industrial Average was up 0.08% and closed at 38,884.26. The S&P 500 gotten 0.13%, ending the day at 5,187.70, while the Nasdaq Composite decreased 0.10%, ending up the session at 16,332.55.
Asian Markets Today
- On Wednesday, Japan’s Nikkei 225 decreased 1.54%, ending the session at 38,199.50, led by losses in the Transportation, Marine Transportation, and Warehousing sectors.
- Australia’s S&P/ ASX 200 index closed greater by 0.14% at 7,804.50, led by gains in the Industrials, IT and A-REITs sectors.
- India’s Nifty 50 was down 0.03% at 22,296.55, and Nifty 500 was trading greater by 0.34% at 20,706.05.
- China’s Shanghai Composite decreased 0.03% to end the session at 3,128.48, and the Shenzhen CSI moved 0.79%, closing at 3,630.22.
- Hong Kong’s Hang Seng Index slipped 0.93%, concluding the day at 18,313.86.
Eurozone at 05:45 AM ET
- The European STOXX 50 index was up 0.58%.
- Germany’s DAX got 0.50%.
- France’s CAC increased 0.96%.
- U.K.’s FTSE 100 traded greater by 0.55%.
Products at 05:45 AM ET
- Petroleum WTI was trading lower by 1.51% at $77.21/ bbl, and Brent was down 1.38% at $82.01 bbl.
- Oil costs dropped in Asian markets due to increasing U.S. crude and fuel stocks, showing low need and mindful supply outlooks before next month’s OPEC+ conference.
- Gas got 1.36% to $2.240.
- Gold was trading lower by 0.26% at $2,3218.35, Silver fell 0.54% to $27.390, while Copper was down 1.48% at $4.5370.
United States Futures at 05:45 AM ET (* ) Dow futures were up 0.03%, S&P 500 futures were down 0.01 %&, and Nasdaq 100 Futures decreased 0.02 %.
Forex at 05:45 AM ET
The U.S. dollar index got 0.12% to 105.58, the USD/JPY increased 0.43 %to 155.37, and the USD/AUD increased 0.37 %to 1.5215.
The dollar supported, recuperating from losses connected to anticipated Federal Reserve rate cuts, while the yen damaged even more, triggering cautions from Tokyo about financial effects.
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