21st July 2021 Morning Report

U.S. stock markets recovered the lion's share of their previous day's losses as stocks battled back after the Dow experienced its steepest one-day decline of 725 points in almost nine months, as a resurgence of COVID-19 infections and ongoing inflation concerns unnerved investors.  

The Dow Jones Industrial Average rose 550 points, or 1.62%, while the S&P 500 and the Nasdaq Composite advanced 1.52% and 1.57%, respectively. The strong gains came a day after the Dow lost 725 points, booking its worst day since October, as a resurgence of COVID-19 infections and ongoing inflation concerns rattled investors. 

Other overseas markets were mixed. European exchanges were higher across the board with France’s CAC 40 advancing 0.81%, Britain’s FTSE 100 rising 0.54% and Germany’s DAX 30 up 0.55%. In Asia, Japan’s Nikkei 225 slid 0.96%, Hong Kong’s Hang Seng Index fell 0.84% and China’s Shanghai Composite lost 0.07%.    

In commodities, West Texas Intermediate crude oil gained $1 to $67.42 a barrel and gold advanced $2.20 to $1,810.90 an ounce.

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

April 16th Morning Report
April 15th Morning Report
April 12th Morning Report
April 11th Morning Report
April 10th Morning Report
April 9th Morning Report
April 8th Morning Report
April 5th Morning Report
April 3rd Morning Report
April 2nd Morning Report