| 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
US stocks closed mixed on Tuesday, with the Nasdaq Composite leading gains as Nvidia bolstered the tech sector. The Dow Jones Industrial Average slipped 0.3%, recovering from earlier session lows, while the S&P 500 edged up 0.4% after briefly dipping below a key support level during the day. The Nasdaq Composite rebounded to gain over 1%, driven by a nearly 5% surge in Nvidia shares. Investors showed optimism ahead of the company’s earnings release on Wednesday, fueled by positive notes from Wall Street analysts despite concerns earlier this week about overheating issues in Nvidia’s flagship AI product.
Broader market sentiment was tested by geopolitical tensions, as news surfaced of Russian President Vladimir Putin signing a revised nuclear doctrine that expands conditions for the use of atomic weapons. This development followed reports of Ukraine’s first aerial attack using U.S.-provided long-range missiles. While the immediate market reaction showed resilience, the events spurred a shift toward safe-haven assets.
Investors are now watching Nvidia’s earnings and upcoming data releases closely as markets navigate both geopolitical uncertainties and economic indicators.
LOCAL MARKET
Australian shares are set to open lower this morning, with ASX futures down 15 points or 0.2% as of 7 a.m. AEDT. This follows a strong session yesterday that pushed the local share market to a record closing high, leaving the bourse poised to pare back some of those gains.
Overnight, global markets were weighed down by escalating tensions in the Russia-Ukraine conflict. The pan-European STOXX 600 fell 0.4%, marking its third consecutive day of losses, and briefly hit its lowest level since August before recovering some ground.
On the local front, several key stocks will be in focus today. Travel company WEB is set to release earnings, while Boss Energy, Charter Hall, Downer EDI, Mount Gibson Iron, and Pacific Smiles are hosting AGMs. Dual-listed packaging giant Amcor will attract significant attention after announcing its acquisition of New York-listed Berry Group in a $13 billion deal, making it one of the year’s largest transactions. This transformative move positions Amcor as a dominant global player in the packaging industry, with anticipated synergies of $650 million underscoring the scale and strategic intent of the deal.