| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 43444.99 | -305.87 | -0.70% |
| S&P 500 | 5870.62 | -78.55 | -1.32% |
| Nasdaq | 18680.12 | -427.53 | -2.24% |
| VIX | 16.14 | 1.83 | 12.79% |
| Gold | 2593.10 | 23.00 | 0.89% |
| Oil | 67.19 | 0.17 | 0.25% |
US MARKET
U.S. stocks closed lower, with the Dow Jones Industrial Average declining 0.5% to 43,750.86. The S&P 500 fell 0.6% to 5,949.17, while the Nasdaq dropped 0.6% to 19,107.65.
In the S&P 500, the top performers included Tapestry Inc., which surged 13.04%, Wynn Resorts Ltd., up 8.59%, and First Solar Inc., gaining 7.08%.
On the downside, Leidos Holdings Inc. led the decliners with a 13.60% loss, followed by Super Micro Computer Inc., down 11.41%, and Amentum Holdings Inc., which slipped 10.90%.
LOCAL MARKET
Australian shares are poised to open higher despite a decline in U.S. markets, as inflation data indicated persistent resilience.
ASX futures rose 0.63%, or 52 points, as of 9:00 a.m. on Friday, pointing to a stronger start for local stocks.
In the U.S., major indexes fell following comments from Federal Reserve Chair Jerome Powell, who stated the central bank would proceed cautiously in deciding the pace of interest rate cuts. Earlier, data showed that reducing inflation to the 2% target remains challenging. The Dow Jones Industrial Average slipped 0.5%, while the S&P 500 and Nasdaq Composite each declined 0.6%.
In commodities, Brent crude oil edged down 0.2% to US$72.39 per barrel, and gold remained steady at US$2,565.08.
The Australian dollar softened to 64.54 US cents, down from its previous close of 64.84.