Sharechat Logo

May 2nd Morning Report

Thursday 2nd May 2024

Text too small?

US markets closed higher on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation its not assured. The Dow Jones Industrial Average closed up 0.23%, while the S&P 500 and Nasdaq Composite were down 0.34% and 0.33% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (-0.28%), the Dax 30 (-1.03%), CAC 40 (-0.99%) and the STOXX (-1.20%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.34%), HSI (+0.09%) and the Shanghai Composite (-0.26%).

The yield on the US 10 - year note was at 4.641%, while the 2 - year note was at 4.968%. Oil was up to $79.13 per barrel, down 3.42%. The gold price was at US$2330.20 per ounce, up 1.19%. 

Morning Report 2 May 2024

  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:

June 14th Morning Report
June 12th Morning Report
June 10th Morning Report
June 6th Morning Report
June 4th Morning Report
May 31st Morning Report
May 30th Morning Report
May 29th Morning Report
May 24th Morning Report
May 23rd Morning Report