| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 40659.76 | 96.70 | 0.24% |
| S&P 500 | 5554.25 | 11.03 | 0.20% |
| Nasdaq | 17631.72 | 37.22 | 0.21% |
| VIX | 14.80 | -0.43 | -2.82% |
| Gold | 2543.80 | 6.20 | 0.25% |
| Oil | 76.3 | -0.35 | -0.46% |
US MARKET
Stock futures rose slightly on Sunday after the S&P 500’s best week of 2024, up 3.9%. S&P 500 futures gained 0.1%, Dow futures added 30 points (0.1%), and Nasdaq-100 futures increased 0.2%.
The market recovered from early August’s sell-off, driven by positive retail sales, jobless claims, and Walmart results. Inflation eased to 2.9% in July, its lowest in over three years.
Investors are looking ahead to Fed Chair Jerome Powell’s Jackson Hole speech on Friday and the Fed’s meeting minutes on Wednesday. The Democratic National Convention starts Monday, and earnings reports from Palo Alto Networks and Estee Lauder are due.
LOCAL MARKET
Australian shares are expected to open lower, with ASX futures down 0.17% or 14 points as of 8:00am Monday.
U.S. stocks closed a strong week on a high note Friday, bolstered by improving economic sentiment. The Dow Jones rose 97 points (0.2%), while the S&P 500 and Nasdaq also gained 0.2%. The S&P 500 climbed 3.9% for the week and is now about 2% below its July high.
In commodities, Brent crude fell 1.7% to $79.68 a barrel, and gold rose 2.1% to $2,508.01. The Australian dollar is at 66.68 US cents.