May 2nd Morning Report

The US markets closed higher on Thursday, with Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.

The Dow Jones Industrial Average up 0.21%, while the S&P 500 and Nasdaq Composite were up 0.62% and 1.52% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.02%), the Dax 30 (+0.32%), CAC 40 (+0.50%) and the STOXX (-0.03%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+1.13%), HSI (+0.51%) and the Shanghai Composite (-0.23%).

The yield on the US 10 - year note was at 4.221%, while the 2 - year note was at 3.703%. Oil was up to $58.23 per barrel, down 3.62%. The gold price was at US$3299.30 per ounce, down 1.03%. 

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