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 mixed today. The Dow Jones Industrial Average remained unchanged at 42,330.15, while the S&P 500 gained 0.4% to reach 5,762.48, and the Nasdaq also rose by 0.4%, ending at 18,189.17.
Among the S&P 500’s top performers, Solventum Corp led with a 3.18% increase, followed by Generac Holdings Inc, which jumped 2.64%, and Intuitive Surgical Inc, up 2.57%.
On the downside, Dollar Tree Inc was the biggest loser, falling 3.83%, while Ulta Beauty Inc dropped 3.69%, and General Motors Co declined 3.53%.
LOCAL MARKET
Australian shares are set to open lower, with ASX futures down 0.38% or 32 points as of 8:00am Tuesday.
U.S. stocks rose following a speech by Fed Chair Jerome Powell, who hinted at a 0.25% rate cut at the next two meetings. The S&P 500 gained 0.4%, ending the quarter up 5.5%, while the Nasdaq added 0.4% and the Dow rose slightly.
In commodities, Brent crude rose 0.2% to US$71.77 a barrel, and gold held steady at US$2,633.58. The Australian dollar was at 69.12 US cents.