| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 44,873.28 | 317.24 | 0.71% |
| S&P 500 | 6,061.48 | 23.6 | 0.39% |
| Nasdaq | 19,692.33 | 38.31 | 0.19% |
| VIX | 15.77 | -1.44 | -8.37% |
| Gold | 2,885.10 | 9.3 | 0.32% |
| Oil | 71.14 | -1.56 | -2.15% |
US MARKET
Major stock indexes notched modest gains. The Dow Industrial Average led the pack, climbing 0.7%, or 317 points, while the S&P 500 rose by 0.4%.
Investors pored over quarterly reports from Google parent Alphabet and chip maker Advanced Micro Devices, both of which disappointed Wall Street. That dragged on the tech-heavy Nasdaq Composite, which eked out a 0.2% increase.
The relatively muted trading suggests investors have calmed their nerves since President Trump threatened wide-ranging tariffs against America’s three largest trading partners.
UnitedHealth Group Inc. pared losses to 1% after saying it contacted the US Securities and Exchange Commission with concerns about investor Bill Ackman’s since-deleted X post suggesting the company overstated profits. Uber Technologies Inc. slid 7.6% on a weak gross bookings guidance.
So far this year, 75% of stocks have beaten consensus earnings-per-share estimates, while 66% have exceeded revenue estimates, they said. While those rates are strong relative to history, we’ve also seen 8% of companies lower guidance — compared to just 5% that have raised guidance.
AUSTRALIAN EQUITY MARKET WRAP
As of the latest market close, the S&P/ASX 200 finished at 8,416.90 points, marking a gain of 42.90 points (+0.51%) for the day. The positive movement reflects improved investor relations following eased global trade tensions, particularly between the U.S. and China. After some volatility earlier in the week, the market saw a comeback driven by strong performances majorly in the materials, tech shares and energy sectors. Financial stocks showed mixed performance, with major banks posting slight declines assuming interest rate changes, while small-cap stocks outperformed large-caps due to optimism around domestic growth and lower global trade risks. The AUD/USD rate has risen by 0.33% to 0.6190 and the AUD/JPY has decreased by 0.42% to 96.10.