April 25, 2024 6:57 AM | 2 min read |
On Wednesday, April 24, the U.S. stock markets closed mixed as the S&P 500 closed higher, influenced by rising Treasury yields following a $70 billion auction and positive tech earnings.
The Dow fell, but the Nasdaq rose, with consumer staples and real estate sectors leading gains.
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According to economic data, U.S. mortgage applications dropped 2.7% in the week ending April 19. Meanwhile, orders for durable goods increased by 2.6% in March, and crude oil inventories unexpectedly fell by 6.368 million barrels, defying expectations of a gain.
Seven of the eleven S&P 500 sectors saw advances, with the leading performances in consumer staples, utilities, consumer discretionary, and real estate stocks.
The Dow Jones Industrial Average declined 0.11% to close at 38,460.92. The S&P 500 rose 0.02%, ending the day at 5,071.63, and the Nasdaq Composite climbed 0.10%, finishing the session at 15,712.75.
Asian Markets Today
- On Thursday, Japan’s Nikkei 225 index closed down 2.16% at 37,628.48. Investors eyed the critical Bank of Japan monetary policy decision on Friday amidst a weakening yen and surging oil prices.
- Australia markets closed for ANZAC Day.
- India’s Nifty 50 closed higher by 0.75% at 22,570.35, and the Nifty 500 rose 0.66%, closing at 20,867.90.
- China’s Shanghai Composite gained 0.27% to end the session at 3,052.90, and the Shenzhen CSI 300 rose 0.25%, closing at 3,530.28.
- Hong Kong’s Hang Seng Index gained 0.48%, concluding the day at 17,284.54.
Eurozone at 06:00 AM ET
- The European STOXX 50 index was down 0.51%.
- Germany’s DAX declined 0.53%.
- France’s CAC slipped 0.61%.
- U.K.’s FTSE 100 traded higher by 0.64%.
- European stocks dipped as traders reacted to mixed earnings from major companies, while the UK’s FTSE 100 gained, boosted by Anglo American surging after a buyout offer from BHP Group (NYSE:BHP).
Commodities at 06:00 AM ET
- Crude Oil WTI was trading lower by 0.04 % at $82.78/bbl, and Brent was up 0.01% at $88.03 bbl.
- Natural Gas declined 0.40% to $1.197.
- Gold was trading lower by 0.01% at $2,338.05, Silver gained 0.20% to $27.398, while Copper was up 1.44% at $4.5215.
US Futures at 06:00 AM ET
Dow futures were down 0.37%, S&P 500 futures slid 0.53%, and Nasdaq 100 Futures fell 0.82%.
Forex at 06:00 AM ET
The U.S. Dollar Index declined 0.24% to 105.60, USD/JPY was up 0.19% to 155.62, and USD/AUD slipped 0.46% to 1.5319.
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