Sharechat Logo

July 8th Morning Report

Monday 8th July 2024

Text too small?

US markets closed higher on Friday with the tech-heavy Nasdaq and benchmark S&P 500 hitting record highs, as new data showing US labor market weakness boosted expectations for interest rate cuts as early as September.

The Dow Jones Industrial Average closed up 0.17%, while the S&P 500 and Nasdaq Composite were up 0.54% and 0.90% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.45%), the Dax 30 (+0.14%), CAC 40 (-0.26%) and the STOXX (-0.16%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.82%), HSI (+0.28%) and the Shanghai Composite (-0.83%).

The yield on the US 10 - year note was at 4.277%, while the 2 - year note was at 4.604%. Oil was up to $83.44 per barrel, up 0.34%. The gold price was at US$2399.80 per ounce, up 0.09%. 

July 8th Morning Report



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
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:

October 2nd Morning Report
September 27th Morning Report
September 26th Morning Report
September 23rd Morning Report
September 20th Morning Report
September 10th Morning Report
August 9th Morning Report
August 6th Morning Report
July 30th Morning Report
July 19th Morning Report