JCB find the YieldReport to be an invaluable summary of all debt market activity. Whilst we are focussed on the highest grade bonds it is important to see what is..Angus Coote, Executive Director, JCB Active Bond Fund
U.S. stocks closed on a positive note, with the Dow Jones Industrial Average (DJIA) rising 0.7% to finish at 44,293.13. The S&P 500 edged up 0.1% to 6,001.35, and the Nasdaq also gained 0.1%, closing at 19,298.76.
Within the S&P 500, the top three performers were Bristol-Myers Squibb Co, which soared 10.33%; Albemarle Corp, up 9.19%; and Tesla Inc, which rose 8.58%.
On the downside, the largest declines came from Monolithic Power Systems Inc, which dropped 15.47%; AbbVie Inc, down 12.57%; and Moderna Inc, which fell 8.86%.
LOCAL MARKET
Australian shares are poised for a higher open, following a positive start to the week on U.S. markets.
ASX futures were up 0.04%, or 4 points, at 8:30 a.m. Tuesday, indicating an optimistic open.
In the U.S., blue-chip stocks led the gains as the Dow Jones Industrial Average climbed above 44,000, with consumer discretionary and financial stocks rallying amid expectations for new policy directions under a potential Trump administration. Bond markets remained closed in observance of Veterans Day. Tesla surged 9.1%, Trump Media & Technology Group gained 4.7%, and bitcoin broke above $84,000. Cigna rose 7.3% after clarifying it was not seeking to acquire Humana, while AbbVie dropped 13% after an experimental schizophrenia drug failed in trials. The DJIA advanced 304 points, or 0.7%, to 44,293; the S&P 500 edged up 0.1% to 6,001; and the Nasdaq added 0.1%, closing at 19,298.
In commodities, Brent crude oil fell 2.6% to US$71.94 per barrel, and gold declined 2.4% to US$2,621.17.