| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 42080.37 | 126.13 | 0.30% |
| S&P 500 | 5751.13 | 55.19 | 0.97% |
| Nasdaq | 18182.92 | 259.01 | 1.45% |
| VIX | 21.42 | -1.22 | -5.39% |
| Gold | 2640.60 | 5.20 | 0.21% |
| Oil | 73.81 | 0.29 | 0.45% |
US MARKET
U.S. stocks closed higher across the board, with the Dow Jones Industrial Average rising 0.3% to finish at 42,080.37. The S&P 500 posted a stronger gain of 1.0%, closing at 5,751.13, while the Nasdaq advanced 1.4% to end at 18,182.92.
Among the top performers in the S&P 500, Palantir Technologies Inc led the way with a surge of 6.60%, followed by Edwards Lifesciences Corp, which jumped 6.17%. Palo Alto Networks Inc also saw a strong gain, climbing 5.06%.
On the downside, Marathon Petroleum Corp was the biggest decliner, falling 7.66%, while Valero Energy Corp dropped 5.31%. Super Micro Computer Inc also posted a notable decline, losing 5.05%.
LOCAL MARKET
Australian shares are expected to open higher today, despite lingering disappointment with China’s latest attempts to stimulate its economy. Iron ore prices plummeted in Singapore trading, and shares of BHP and Rio Tinto listed on the US market experienced declines on Wall Street.
Overnight, ASX futures saw modest fluctuations, shifting between positive and negative territory, before moving higher closer to Wall Street’s closing bell. By 7am, futures had risen by 15 points.
REA Group is set to hold its annual general meeting on Wednesday, drawing market attention.
Meanwhile, Australian miners are feeling the impact of China’s underwhelming economic moves. Markets had anticipated more significant fiscal measures from Beijing, especially after the central bank’s previous efforts to ease interest rates and improve liquidity. With those expectations unmet, miners now return their focus to core fundamentals or potential deals, such as Rio Tinto’s bid for Arcadium.