March 6th Morning Report

US markets closed lower on Tuesday, with weakness in megacap growth stocks such as Apple and Tesla weighing on the Nasdaq, while investors assessed a slew of economic data and awaited remarks from Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average closed down 0.95%, while the S&P 500 and Nasdaq Composite were up 1.05% and up 1.79% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.08%), the Dax 30 (-0.10%), CAC 40 (-0.30%) and the STOXX (-0.40%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-0.03%), HSI (-2.61%) and the Shanghai Composite (+0.28%).

The yield on the US 10 - year note was at 4.139%, while the 2 - year note was at 4.552%. Oil was up to $78.33 per barrel, down 0.52%. The gold price was at US$2142.30 per ounce, up 0.75%. 

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