| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 38997.66 | 294.39 | 0.76% |
| S&P 500 | 5240.03 | 53.70 | 1.04% |
| Nasdaq | 16366.85 | 166.77 | 1.03% |
| VIX | 27.71 | -10.86 | -28.16% |
| Gold | 2429.90 | -1.70 | -0.07% |
| Oil | 72.73 | -0.47 | -0.64% |
US MARKET
US stocks advanced on Wednesday, building on Tuesday’s momentum as the Bank of Japan announced a pause on rate hikes, boosting market sentiment.
The Dow jumped nearly 300 points.
Major indexes saw gains after Japan’s central bank reassured investors, easing worries about the carry trade unwind that had previously fueled a global sell-off.
Market watchers remain cautious, expecting more volatility and advising against new investments in tech and industrials during the ongoing correction.
As of the morning, the S&P 500 was up 1.39%, the Dow increased by 0.71%, and the Nasdaq rose 1.88%.
LOCAL MARKET
The Australian share market saw gains for a second consecutive day, with the S&P/ASX200 index up by 0.25% and the All Ordinaries index increasing by 0.29%.
This upward trend followed positive data from the US Services PMI, which helped mitigate recession fears. Nine out of eleven sectors advanced, led by telecommunications and utilities.
Lithium developers like Arcadium, Pilbara, and IGO were among the top performers, despite Arcadium pausing expansion plans due to falling prices.
Major banks mostly saw declines, except for ANZ. Other notable movements included losses in materials and financial sectors and significant gains in smaller mining stocks following presentations at a mining forum.