June 25th Morning Report

The US market closed lower on Wednesday, dragged by tech stocks on nagging concerns about high-flying valuations, but falling crude prices boosted airlines and other travel stocks and the Dow finished higher. 

The Dow Jones Industrial Average up 0.35%, while the S&P 500 and Nasdaq Composite were down 0.09% and down 0.43% respectively.

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+0.31%), the Dax 30 (-0.62%), CAC 40 (+0.54%) and the STOXX (-0.25%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.88%), HSI (+0.33%) and the Shanghai Composite (+0.11%).

The yield on the US 10 - year note was at 4.398%, while the 2 - year note was at 4.148%. Oil was down to $69.87 per barrel, down 4.56%. The gold price was at US$4016.45 per ounce, down 3.20%. 

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