| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | $39,566.85 | -$240.52 | -0.60% |
| S&P 500 | $5,243.77 | -$10.58 | -0.20% |
| Nasdaq | $16,396.83 | $17.37 | 0.11% |
| VIX | $13.65 | $0.64 | 4.92% |
| Gold | $2,271.70 | $14.60 | 0.65% |
| Oil | $83.98 | $0.27 | 0.32% |
US MARKET
Stocks closed the short week mostly strong. The S&P 500 and Dow Jones both edged up 0.1%, while the Nasdaq Composite dipped by the same margin. The 10-year Treasury yield settled at 4.192%, slightly lower.
All three major indices had a robust quarter, with the S&P leading with a 10% increase, its best start since 2019. Estee Lauder was the top performer, rising 6.3% after receiving a “buy” rating from BofA Securities with a $170-a-share price target.
Trump Media & Technology Group shares fell 6.4% after a strong two-day rally. Bill Gross possibly capitalised on the stock’s volatility, as suggested by a tweet this morning. Columnist James Mackintosh explores potential ways Trump could profit from his stake in the company.
RH shares surged 17% following worse-than-expected results but positive guidance based on new furniture catalog launches.
LOCAL MARKET
Australian shares are poised to open flat following the Easter long weekend, as US markets remained closed.
ASX futures remained unchanged at 0.76% or 60 points by 8:00 am on Tuesday, indicating a flat start.
US stocks closed the shortened week mostly strong, with the S&P 500 and Dow Jones each edging up 0.1%, while the Nasdaq Composite dipped by 0.1%.
In commodity markets, Brent crude oil rose by 0.9% to US$87.74 a barrel, and gold increased by 1.0% to US$2,251.44.
In local bond markets, the yield on Australian 2-year government bonds rose to 3.75%, while the 10-year yield fell to 3.96%. US Treasury notes saw an increase, with the 2-year yield at 4.71% and the 10-year yield at 4.31%.
The Australian dollar stood at 64.88 US cents, down from its previous close of 65.12. The Wall Street Journal Dollar Index, which monitors the US dollar against 16 other currencies, rose to 99.41.