USA
– Dow rally ends shy of 32,000(all time high), while tech selloff leaves Nasdaq in correction territory. Financial firms and materials producers kept losses from being worse.
– Nasdaq tumbled almost 3% Tuesday to its lowest close since November, and is now down 11% from an all-time high in February.
– The U.S. benchmark bond yield traded just below 1.6%, with investors watching upcoming auctions for renewed upward pressure.
– The Dow rose by 306 points to close at 31,802
– The S&P fell 20 points to 3,821
– The NASDAQ fell 310 points to 12,609
– Dow futures were up overnight by 0.62% (197 points)
ASIA
– Asian stocks were mixed and had a muted open after a rotation out of growth stocks drove the Nasdaq 100 Index into a technical correction.
– Equities fell modestly in Japan and South Korea while Australian markets had deep cuts following as fears of rise in Australian yield continue to persist.
– In Japan, the Nikkei 225 fell by 0.27%
– The Topix index was flat
– Stocks in Australia (S&P/ASX 200) were down by 1.65%
EU
– Shares of banks and automakers lifted European shares on Monday as investors continued to move into economy-linked sectors on hopes of a solid economic rebound from the coronavirus downturn.
– The pan-European STOXX 600 index gained 2.22%, its best one-day performance since early November. The banking sector gained 3.73% to hit a fresh one-year high.
– On the radar, a European Central Bank meeting later this week
– FTSE and DAX were up by 1.34% and 3.31% respectively while CAC was up by 2.08%.
OIL
– Oil prices have been in focus. The rise came after Saudi Arabia said that its oil facilities were targeted by missiles and drones on Sunday. Last week, OPEC and its oil-producing allies said the group would keep production largely steady through April
– Brent Crude was down 1.96% to close at $68 / bbl
– WTI Futures were up flat in early morning trade and trading at $65.19 per barrel.
GOLD
– Gold lost 1.11% to trade at $1,680 an ounce on fears of rise in interest rates
– Gold futures were trading up by 0.23% at $1,682 an ounce in early morning trade
Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ►
Subscribe Now To Our Network Channels :-
Times Now :
The NewsHour Debate :
To Stay Updated Download the Times Now App :-
Android Google Play :
Apple App Store :
Social Media Links :-
Twitter –
Facebook –
G+ –
Website – www.etnownews.com