| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 44,556.04 | 134.13 | 0.30% |
| S&P 500 | 6,037.88 | 43.31 | 0.72% |
| Nasdaq | 19,654.02 | 262.06 | 1.35% |
| VIX | 17.21 | -1.41 | -7.57% |
| Gold | 2,873.10 | -2.7 | -0.09% |
| Oil | 72.67 | -0.03 | -0.04% |
US MARKET
The S&P 500 rose 0.6%. The Nasdaq 100 climbed 1%. The Dow Jones Industrial Average added 0.2%. Palantir rallied 21%. Super Micro Computer Inc. jumped 6.5% on plans to give a business update Feb. 11. Merck & Co. sank 10% after halting shipments to China of its Gardasil vaccine. Estée Lauder Cos. sank 16% on a disappointing revenue outlook. It also announced job cuts.
AUSTRALIAN EQUITY MARKET WRAP
The S&P/ASX 200 (^XJO) closed at 8,374.0 points on February 4, 2025, marking a slight decline of 5.4 points (-0.06%) for the day. The market’s performance was muted, with the index showing little movement, reflecting cautious investor sentiment amid heightened global trade tensions.
The day’s high for the index was 8,400 points, but it faced some downward pressure as concerns over the ongoing trade dispute between the U.S. and China weighed on sentiment. This follows a series of tariff-related announcements from the U.S. that led to increased market volatility, driving a sell-off in key sectors.
Despite the relatively flat performance of the index, the broader market remains sensitive to these geopolitical developments, and investors are keeping a close watch on any new trade policy updates that could influence market sentiment moving forward.