12 November 2024

NameDaily CloseDaily ChangeDaily Change (%)
Dow44293.13304.140.69%
S&P 5006001.355.810.10%
Nasdaq19298.7611.990.06%
VIX14.970.030.20%
Gold2626.1-68.7-2.55%
Oil68.15-2.23-3.17%

US MARKET

U.S. stocks closed on a positive note, with the Dow Jones Industrial Average (DJIA) rising 0.7% to finish at 44,293.13. The S&P 500 edged up 0.1% to 6,001.35, and the Nasdaq also gained 0.1%, closing at 19,298.76.

Within the S&P 500, the top three performers were Bristol-Myers Squibb Co, which soared 10.33%; Albemarle Corp, up 9.19%; and Tesla Inc, which rose 8.58%.

On the downside, the largest declines came from Monolithic Power Systems Inc, which dropped 15.47%; AbbVie Inc, down 12.57%; and Moderna Inc, which fell 8.86%.

LOCAL MARKET

 

Australian shares are poised for a higher open, following a positive start to the week on U.S. markets.

ASX futures were up 0.04%, or 4 points, at 8:30 a.m. Tuesday, indicating an optimistic open.

In the U.S., blue-chip stocks led the gains as the Dow Jones Industrial Average climbed above 44,000, with consumer discretionary and financial stocks rallying amid expectations for new policy directions under a potential Trump administration. Bond markets remained closed in observance of Veterans Day. Tesla surged 9.1%, Trump Media & Technology Group gained 4.7%, and bitcoin broke above $84,000. Cigna rose 7.3% after clarifying it was not seeking to acquire Humana, while AbbVie dropped 13% after an experimental schizophrenia drug failed in trials. The DJIA advanced 304 points, or 0.7%, to 44,293; the S&P 500 edged up 0.1% to 6,001; and the Nasdaq added 0.1%, closing at 19,298.

In commodities, Brent crude oil fell 2.6% to US$71.94 per barrel, and gold declined 2.4% to US$2,621.17.