January 25, 2024 7:19 AM | 2 min read
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On Wednesday, January 24th, U.S. stock markets closed mixed, with the S&P 500 reaching its fourth consecutive record-breaking close.
Netflix (NFLX) surged 10.7% to reach a two-year high, driven by significant subscriber growth and heightened investor confidence stemming from its effective strategy against password-sharing and an impressive array of content, contributing to an uptick in the S&P 500 index.
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Economic data showed a rise in the S&P Global U.S. services PMI to a seven-month high of 52.9 and a jump in manufacturing PMI to 50.3 in January, while the composite PMI rose to 52.3 from 50.9 in the previous month.
The Dow Jones Industrial Average declined 0.26%, closing at 37,806.39, the S&P 500 rose 0.08% to 4,868.55, while the Nasdaq Composite was up 0.36%, ending the session at 15,481.92.
Asian Markets Today
- On Thursday, Japan’s Nikkei 225 index closed the session higher by 0.02% at 36,236.47, led by gains in the Banking, Mining and Insurance sectors.
- Australia, the S&P/ASX 200 was up 0.48% and closed at 7,555.40, led by gains in the Metals & Mining, Resources, and Materials sectors.
- India’s Nifty 50 closed lower by 0.47% at 21,352.60, and the Nifty 500 slid 0.30% to 19,393.00.
- China’s Shanghai Composite increased 3.03% to 2,906.11, while the Shenzhen CSI 300 gained 2.01%, closing at 3,342.92.
- Hong Kong’s Hang Seng Index climbed 1.72%, concluding the day at 16,172.75.
- China’s stock indexes saw an extended rebound after the People’s Bank of China unexpectedly cut the reserve requirement ratio by 50 basis points, releasing $140 billion in liquidity and easing lending rules for the property sector to support economic growth.
Eurozone at 06:00 AM ET
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- The European STOXX 600 index was down 0.33%.
- Germany’s DAX declined 0.34%.
- France’s CAC slid 0.40%.
- The UK’s FTSE 100 traded lower by 0.19%.
Commodities at 06:00 AM ET
- Crude Oil WTI was trading higher by 1.28% at $76.05/bbl, and Brent was up 1.16% at $80.96/bbl.
- Natural Gas gained 2.61% to $2.231.
- Gold was trading up by 0.12% at $2,018.35, Silver rose by 0.51% to $23.008, while Copper climbed 0.11% to $3.8902.
US Futures at 06:00 AM ET
Dow futures were up 0.23%, S&P 500 futures increased 0.04%, while Nasdaq 100 Futures slid 0.05%.
Forex at 06:00 AM ET
The U.S. Dollar Index declined 0.03% to 103.20, USD/JPY gained 0.08% to 147.62, and AUD/USD fell 0.18% to 1.5176.
Photo by Markus Spiske on Unsplash
2024 Breaking: SEC Approves Bitcoin ETF!
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