February 27th Morning Report

The US market closed sharply lower on Thursday, the day after a less-than-stellar earnings report from artificial intelligence vangard Nvidia dragged technology shares which have provided muscle to the recent rally.

The Dow Jones Industrial Average up 0.09%, while the S&P 500 and Nasdaq Composite were down 0.50% and 1.15% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.37%), the Dax 30 (+0.45%), CAC 40 (+0.72%) and the STOXX (-0.19%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.29%), HSI (-1.44%) and the Shanghai Composite (-0.014%).

The yield on the US 10 - year note was at 4.017%, while the 2 - year note was at 3.446%. Oil was up to $65.37 per barrel, down 0.08%. The gold price was at US$5208.44 per ounce, down 0.34%. 

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