| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 44,711.43 | 342.87 | 0.77% |
| S&P 500 | 6,115.07 | 63.1 | 1.04% |
| Nasdaq | 19,945.64 | 295.69 | 1.50% |
| VIX | 15.1 | -0.79 | -4.97% |
| Gold | 2,957.20 | 28.5 | 0.97% |
| Oil | 71.51 | 0.14 | 0.20% |
US MARKET
US markets closed mixed Monday as rising bond yields and a stronger dollar weighed on sentiment ahead of key inflation data. The S&P 500 edged 0.2 percent higher after an earlier 1 percent drop, while the Nasdaq Composite slipped 0.4 percent, with most “Magnificent Seven” tech giants declining during the session. Nvidia and Apple closed off their intraday lows but failed to offset broader sector weakness. The Dow Jones outperformed, gaining 0.8 percent, aided by its limited tech exposure.
In corporate news, Moderna shares plunged 16 percent as the biotech company slashed its 2025 revenue forecast by $1 billion, citing weakening demand for vaccines. Markets are now focused on Wednesday’s Consumer Price Index report, which could signal whether inflation is trending toward the Federal Reserve’s 2 percent target.
The Australian sharemarket is set to open higher today, recovering from a two-week low. Futures indicate the S&P/ASX 200 Index will climb by 0.5 percent, or 37 points, following Monday’s 1 percent decline as expectations for a US rate cut were tempered.
In commodities, iron ore advanced to $US98.90 per tonne, a potential uplift for Australian miners. The Australian dollar strengthened by 0.2 percent to $US61.56, recovering from near five-year lows.
Star Entertainment remains under scrutiny as a Macau businessman, Wang Xing Chun, has emerged as a significant investor, raising concerns about the struggling casino operator’s potential fall into administration. Meanwhile, Global Lithium’s chairman has dismissed proposals for a board overhaul, citing concerns over foreign influence, as key directors commit to opposing the motions at its delayed AGM.