| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 41175.08 | 462.30 | 1.14% |
| S&P 500 | 5634.61 | 63.97 | 1.15% |
| Nasdaq | 17877.79 | 258.44 | 1.47% |
| VIX | 15.86 | -1.69 | -9.63% |
| Gold | 2551.40 | 5.10 | 0.20% |
| Oil | 75.38 | 0.55 | 0.73% |
US MARKET
U.S. stock markets closed on a positive note. The Dow Jones Industrial Average climbed 1.1% to finish at 41,175.08, while the S&P 500 also advanced 1.1%, reaching 5,634.61. The Nasdaq Composite saw a 1.5% increase, ending at 17,877.79.
Among S&P 500 stocks, the top performers were Builders FirstSource Inc, which surged by 8.79%, Norwegian Cruise Line Holdings Ltd, which jumped 7.85%, and Carnival Corp, which rose 7.54%.
On the downside, Intuit Inc experienced the largest decline, dropping 6.83%. Brown & Brown Inc fell by 1.61%, and Synopsys Inc decreased by 1.58%.
LOCAL MARKET
Australian shares are expected to open higher following gains in U.S. stocks, driven by the Federal Reserve Chair’s indication that the central bank’s inflation fight may be coming to an end. ASX futures were up 0.51% at 8:00am, suggesting a positive start to the trading day.
In the U.S., the Nasdaq rose 1.5%, the S&P 500 increased 1.1%, and the Dow Jones Industrial Average added 1.1%. In commodity markets, Brent crude oil climbed 2.3% to $79.02 a barrel, gold was up 1.1% at $2,512.59, and the Australian dollar stood at 67.96 US cents.