| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 43988.99 | 259.65 | 0.59% |
| S&P 500 | 5995.54 | 22.44 | 0.38% |
| Nasdaq | 19286.78 | 17.32 | 0.09% |
| VIX | 14.94 | -0.26 | -1.71% |
| Gold | 2690.3 | -4.50 | -0.17% |
| Oil | 70.24 | -0.14 | -0.20% |
US MARKET
U.S. stocks closed higher, with the DJIA climbing 0.6% to 43,988.99, the S&P 500 rising 0.4% to 5,995.54, and the Nasdaq edging up 0.1% to 19,286.78.
Leading the gains in the S&P 500, Axon Enterprise Inc soared 28.89%, Fortinet Inc increased 9.99%, and Insulet Corp rose 9.38%.
The biggest decliners included Akamai Technologies Inc, which dropped 14.35%, Airbnb Inc, down 8.65%, and Mettler-Toledo International Inc, which fell 7.11%.
LOCAL MARKET
Australian shares are expected to open lower following a record-breaking week for U.S. stocks. ASX futures dropped 0.43% or 36 points as of 8:00 am on Monday, signaling a weaker start.
On Friday, major U.S. stock indexes closed higher, with the S&P 500 surpassing the 6,000 mark for the first time, despite losses among the six megacap tech giants—Nvidia, Apple, Microsoft, Amazon, Meta Platforms, and Alphabet—that collectively make up 30% of the index’s value.
The U.S. election boosted investor sentiment, with the Dow rising nearly 260 points Friday, marking a 4.6% weekly gain—its best in a year. The S&P 500 added 0.4% on Friday for a 4.7% weekly increase, while the Nasdaq edged up 0.1% on Friday, closing the week with a 5.7% gain.
In commodities, Brent crude oil declined 2.3% to US$73.87 per barrel, while gold fell 0.8% to US$2,684.77. The Australian dollar was trading at 65.82 US cents.