Equities_14.05.25.csv
| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 42,140.43 | -269.67 | -0.64% |
| S&P 500 | 5,886.55 | 42.36 | 0.72% |
| Nasdaq | 19,010.08 | 301.74 | 1.60% |
| VIX | 18.53 | 0.32 | 1.70% |
| Gold | 3,237.90 | -10 | -0.31% |
| Oil | 62.92 | -0.75 | -1.16% |
US MARKET
Wall Street’s epic rebound from April’s meltdown is showing signs of exhaustion on speculation stocks have run too fast amid risks stemming from a trade war to an economic slowdown and sticky inflation. After a 22% jump from last month’s intraday lows . . .
Specifically, the S&P 500 added 0.1% after erasing its losses for the year, while the Dow slipped 89 points and the Nasdaq 100 rose 0.7%, boosted by gains in major chipmakers. Nvidia climbed 3% following reports of AI chip shipments to Saudi Arabia, and AMD jumped 4% after unveiling a $6 billion share buyback plan. The broader AI rally fueled a 17% surge in Super Micro Computer, helping lift overall market sentiment.
Stocks are getting a little short-term stretched? The S&P 500’s 14-day Relative Strength Index is at the highest since December. Meantime, the CNN Fear/Greed gauge approached “extreme greed” levels. Tech may continue to lead the market, as the sector stands to benefit from easing trade tensions and as investors once again resume their excitement over the promise of artificial intelligence.
Figure 1 displays the leading and coincident indicators published by the Conference Board (CB), both of which are key tools for assessing economic health. The Leading Economic Index (LEI) is derived from data such as average working hours, the number of initial unemployment benefit claims, new manufacturing orders, and the stock price index. It typically signals future economic trends. The Coincident Economic Index (CEI), in contrast, reflects the current state of the economy, based on data like employment, personal income excluding transfer payments, manufacturing and trade sales, and industrial production. The year-on-year growth rate is calculated by comparing the most recent value with the value from the same period last year. The drawdown is calculated by measuring the decline from the three-year high to the most recent value. Historical data indicates that when both leading and coincident indicators show a significant decline, it often signals that the economy is either already in or on the verge of a recession.
Overview of the Australian Market
The S&P/ASX 200 Index rose 0.13% to close at 8,279 on Wednesday, marking its sixth consecutive session of gains, supported by strength in commodity and banking stocks. Market sentiment remained buoyant amid easing global trade tensions, following an agreement between the US and China over the weekend to temporarily reduce tariffs, alleviating concerns over a prolonged trade war and its potential impact on global growth. With Australia’s significant export exposure to China, the local market remains highly sensitive to developments in US-China trade relations.
Top gainers included BHP Group (+0.6%), Woodside Energy (+3.4%), Commonwealth Bank (+0.8%), and NAB (+1.4%). On the downside, Aristocrat Leisure slumped 8.9% after the gaming and entertainment firm reported first-half earnings below market expectations
