| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 42052.19 | 288.73 | 0.69% |
| S&P 500 | 5728.8 | 23.35 | 0.41% |
| Nasdaq | 18239.92 | 144.77 | 0.80% |
| VIX | 21.88 | -1.28 | -5.53% |
| Gold | 2747.3 | -1.9 | -0.07% |
| Oil | 70.56 | 1.07 | 1.54% |
US MARKET
U.S. stocks closed higher, with the Dow Jones Industrial Average rising 0.7% to finish at 42,052.19. The S&P 500 gained 0.4% to close at 5,728.80, while the Nasdaq advanced 0.8%, ending at 18,239.92.
Among S&P 500 stocks, Waters Corp led the gains, surging 19.84%, followed by Charter Communications Inc, which rose 11.87%, and Lululemon Athletica Inc, up 7.81%.
The session’s biggest losers included Super Micro Computer Inc, which dropped 10.56%, The AES Corp, down 9.88%, and Amcor PLC, which fell 7.82%.
LOCAL MARKET
Australian shares are poised for a stronger open after U.S. stocks rebounded from Thursday’s tech-driven selloff.
ASX futures climbed 0.44%, or 36 points, by 8:00 a.m. on Monday, indicating a positive start.
In the U.S., stocks rose as Amazon and Intel led gains, helping broader indexes recover from the tech downturn. Markets largely brushed off October’s payrolls shortfall, attributing it to hurricane disruptions and the Boeing labor strike. However, the report strengthened expectations for interest rate cuts in the upcoming week and December.
The Dow Jones Industrial Average added 288 points, or 0.7%, to 42,051. The S&P 500 rose 0.4% to 5,728, while the Nasdaq gained 0.8%, closing at 18,239. Despite Friday’s gains, the Dow lost 0.2% for the week, with the S&P 500 and Nasdaq declining by 1.4% and 1.5%, respectively. Market focus now shifts to next week’s election and Federal Reserve meeting.
In commodities, Brent crude rose 0.4% to $73.10 per barrel, while gold slipped 0.3% to $2,736.53 an ounce.
The Australian dollar was trading at 65.58 U.S. cents.