| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 44025.81 | 537.98 | 1.24% |
| S&P 500 | 6049.24 | 52.58 | 0.88% |
| Nasdaq | 19756.78 | 126.58 | 0.64% |
| VIX | 15.06 | -0.91 | -5.70% |
| Gold | 2758.7 | 10 | 0.36% |
| Oil | 76.09 | -1.79 | -2.30% |
US MARKET
U.S. equities advanced broadly, buoyed by optimism around Trump’s pro-investment initiatives and a softer stance on tariffs. The S&P 500 gained 0.9%, while the Nasdaq 100 rose 0.6%. The Dow Jones Industrial Average climbed 1.2%, and the Russell 2000, representing small caps, outperformed with a 1.8% surge, reflecting expectations of benefiting from protectionist policies. The Magnificent Seven Mega caps edged up 0.3%, contributing to the market’s overall strength.
Leading the rally, Netflix Inc. soared after reporting its largest quarterly subscriber growth in history, while United Airlines Holdings Inc. issued a bullish outlook. On the downside, Apple Inc. faced pressure after being downgraded by analysts due to weak iPhone sales, raising concerns about its growth trajectory. Elsewhere, Charles Schwab Corp. posted strong earnings, surpassing Wall Street expectations, and 3M Co. delivered optimistic profit forecasts.
The equity markets were underpinned by cooler inflation readings, which reinforced hopes for a supportive Federal Reserve policy. Investors remain focused on the earnings season and the potential impact of upcoming policy developments, with a cautiously optimistic outlook driving the day’s gains.
The Australian share market is poised to rise, with ASX futures up 17 points (0.2%) to 8396, reflecting gains on Wall Street as traders assess the impact of Donald Trump’s policy actions during his first day back in the White House. U.S. markets provided positive cues, with the S&P 500 rising 0.8%, led by industrials and real estate, although energy and technology sectors lagged.
Locally, resource companies are in focus as quarterly updates from major players such as Woodside Energy, Paladin Energy, and Iluka Resources are expected. Rising iron ore prices (+0.9% to $US104.80 a tonne) and gold prices (+1.2% to $US2740.95 an ounce) should provide tailwinds for Australian miners, although the decline in Brent oil (-1.2% to $US79.22 a barrel) could weigh on energy stocks.