Sharechat Logo

October 18th Morning Report

Wednesday 18th October 2023

Text too small?

US markets closed sharply lower on Tuesday as Treasury yields rose and shares of chipmakers fell after the Biden administration said it planned to halt shipments of advanced artificial intelligence chips to China. The Dow Jones Industrial Average closed down 0.2%, while the S&P 500 and Nasdaq Composite were down 0.06% and 0.29% respectively. 

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.58%), the Dax 30 (+0.09%), CAC 40 (+0.11%) and the STOXX (+0.06%). In Asia, the Hang Seng and Shanghai indices closed lower. The key Asian indices ended yesterday as follows: Nikkei 225 (-1.20%), HSI (+0.75%) and the Shanghai Composite (+0.32%).

The yield on the US 10 - year note was at 4.838%, while the 2 - year note was at 5.216%. Oil was down to $87.17 per barrel, up 0.59%. The gold price was at US$1936.30 per ounce, up 0.10%. 

Morning Report 18 October 2023

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

December 8th Morning Report
December 7th Morning Report
December 6th Morning Report
December 5th Morning Report
December 4th Morning Report
November 30th Morning Report
November 28th Morning Report
November 27th Morning Report
November 23rd Morning Report
November 21st Morning Report