6 February 2025

Name	Daily Close	Daily Change	Daily Change (%)
Dow	44,747.63	-125.65	-0.28%
S&P 500	6,083.57	22.09	0.36%
Nasdaq	19,791.99	99.66	0.51%
VIX	15.5	-0.27	-1.71%
Gold	2,880.10	-12.9	-0.45%
Oil	70.52	-0.51	-0.72%

US MARKET

The Nasdaq Composite increased 0.5% and the S&P 500 rose 0.4%. The S&P 500’s biggest gainers Thursday suggested that American consumers are confident in their employment and continue to spend at a healthy clip. A gauge of the “Magnificent Seven” megacaps fluctuated. The Russell 2000 dropped 0.7%. Most of the 11 S&P 500 sectors traded higher, with financial services and consumer staples leading gains, and energy stocks losing the most ground.

AUSTRALIAN EQUITY MARKET WRAP

The share market recorded its second consecutive day of gains on Thursday, as renewed optimism sparked a rally in the Australian banks that pushed CBA to new highs. The S&P/ASX 200 closed up 1.2 per cent, or 103.8 points higher at 8520.70 as 10 of the 11 sectors finished up. All sectors saw gains except for energy, with financials, consumer discretionary, and property sectors driving the upward momentum. Leading banks, such as Commonwealth Bank, hit record highs in anticipation of upcoming financial results. Meanwhile, News Corp shares jumped 5.76% following impressive quarterly earnings.