September 22nd Morning Report

The US market closed higher on Friday for a second straight day, with trading volume hitting its highest level since April, as FedEx rose after upbeat earnings. The S&P 500 and the Nasdaq notched their third straight week of gains, boosted by the Federal Reserve's first rate cut of 2025 on Wednesday and indications of further monetary policy easing.

The Dow Jones Industrial Average up 0.37%, while the S&P 500 and Nasdaq Composite were up 0.49% and 0.72% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (-0.12%), the Dax 30 (-0.15%), CAC 40 (-0.01%) and the STOXX (+0.03%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(-0.57%), HSI (-0.00%) and the Shanghai Composite (-1.15%).

The yield on the US 10 - year note was at 4.133%, while the 2 - year note was at 3.574%. Oil was up to $62.68 per barrel, down 0.84%. The gold price was at US$3705.80 per ounce, up 0.75%. 

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