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Dow Jones index

Dow Jones Falls over 100 Points as US Bond Yields Surge

by Chief editor of world-today-news.com October 3, 2023

written by Chief editor of world-today-news.com

The Dow Jones index fell more than 100 points, pressured by a surge in U.S. government bond yields.

As of 8:39 p.m. Thai time, the Dow Jones Industrial Average was at 33,309.95 points, down 123.40 points or 0.37%.

U.S. 10-year Treasury yields surged to a 16-year high today amid expectations that The Federal Reserve (Fed) will keep interest rates high for long periods of time to stem inflation.

The increase in the yield on the 10-year US government bond, which is the US government bond used as a reference in determining the price of debt instruments around the world. This includes US mortgage interest rates. It will cause consumers to have less money for spending. Meanwhile, the cost of paying off mortgage loans increases. And companies will face higher costs from debt repayment. causing these companies to reduce investment and reduce dividend payments to investors

Moreover, the market was also pressured by the strengthening of the dollar. This will affect the profits of listed companies with foreign income.

The Dollar Index measures the dollar’s movement against six major basket currencies. It hit its highest level in 10 months today. This is in line with the rise in US government bond yields.

The market will keep an eye on the non-agricultural employment numbers on Friday. While analysts predict that Employment figures increased by 163,000 jobs in September. from 187,000 positions in August. And it is expected that the unemployment rate will adjust to 3.7% from 3.8% in August.

2023-10-03 14:19:20
#Dow #Jones #falls #points #bond #yields #surge #put #pressure #market

October 3, 2023 0 comments

Business

Market Conditions: Index and Stock Market Updates, Oil, Gold, and Foreign Currency Markets as of 27 Sep. 2023

by Chief editor of world-today-news.com September 28, 2023

written by Chief editor of world-today-news.com

Index and stock market conditions, oil, gold, and foreign currency markets as of 27 Sep. 2023

— The Dow Jones New York Stock Exchange Index closed negative on Wednesday (Sept. 27) amid volatile trading. The market was pressured by US government bond yields that rose to their highest level in more than 15 years, as well as concerns that a surge in oil prices could cause inflation and result in the US Federal Reserve (Fed) maintaining Interest rates have been high for a long time.

The Dow Jones Industrial Average closed at 33,550.27 points, down 68.61 points or -0.20%, the S&P 500 index closed at 4,274.51 points, up 0.98 points or +0.02%, and the Nasdaq index closed at 13,092.85 points, up 29.24 points or +0.22%.

— European stock markets closed lower on Wednesday (Sept. 27) for the fifth day in a row, with European real estate stocks falling after brokers weighed in on British real estate companies. Meanwhile, Dutch insurance stocks fell after forecasts of a negative business outlook. And UBS Bank shares also dropped.

The STOXX 600 Index closed at 446.91 points, down 0.79 points or -0.18%, which is the lowest level in 6 months.

The CAC-40 index on the French stock market closed at 7,071.79 points, down 2.23 points or -0.03%, the DAX index on the German stock market closed at 15,217.45 points, down 38.42 points or -0.25%, and the FTSE 100 index on the London stock market closed at 7,593.22 points, down 32.50 points or -0.43%

— The London Stock Exchange closed negative on Wednesday (Sept. 27), with real estate stocks falling to their lowest level in a month after Jefferies revealed that The London office market is in the doldrums.

The FTSE 100 London Stock Exchange Index closed at 7,593.22 points, down 32.50 points or -0.43%.

— West Texas crude oil contract (WTI) in New York closed up more than 3% on Wednesday (Sept. 27) after the United States revealed that crude oil stocks dropped more than expected last week. This will make the oil supply in the world market face tightness.

The WTI crude oil contract is for delivery in November. Increased $3.29 or 3.6% to close at $93.68/barrel. This is the highest closing level since 29 August 2023.

The Brent crude oil contract (BRENT) will be delivered in November. Rose $2.59 or 2.8% to close at $96.55/barrel. This is the highest closing level since 7 Nov. 2022.

— New York gold contracts closed down to their lowest level in more than six months on Wednesday (Sept. 27) as the strengthening of the dollar was a factor in putting pressure on the market. In addition, the gold contract fell out of support at The $1,900 level is also a source of technical selling pressure.

The COMEX (Commodity Exchange) gold contract will be delivered in December. fell $28.90, or 1.51%, to close at $1,890.90/ounce. This is the lowest closing level since March 10, 2023.

Silver contract for delivery in December. fell 47.20 cents, or 2.03%, to close at $22.724/ounce.

Platinum contract for delivery in October. fell $17.90 or 1.96% to close at $896.30/ounce.

Palladium contract for delivery in December. fell $2 or 0.16% to close at $1223.70/ounce.

— The U.S. dollar rose against major currencies in trading on the New York Forex Exchange on Wednesday (Sept. 27) after U.S. Treasury yields rose to their highest in more than 15 years. The dollar was also supported by the prospect that the Federal Reserve (Fed) will keep interest rates high for a long time to stem inflation.

The dollar index, which measures the dollar’s movement against six major currencies, rose 0.41% to 106.6639.

The dollar rose against the yen to 149.5950 yen from 149.0710 yen on Tuesday, while the Swiss franc rose to 0.9208 franc from 0.9152. The franc strengthened against the Swedish krona to 11.0471 kronor from 11.0285 kronor, but the US dollar weakened against the Canadian dollar to 1.3510 Canadian dollars from 1.3521 Canadian dollars.

The euro fell against the dollar to $1.0508 from $1.0566 on Tuesday. Meanwhile, the pound weakened to 1.2137 dollars from 1.2157 dollars.

The New York Stock Exchange DJIA index closed at 33,550.27 points, down 68.61 points, -0.20%.

The S&P500 New York Stock Exchange index closed at 4,274.51 points, up 0.98 points, +0.02%.

The NASDAQ New York Stock Exchange index closed at 13,092.85 points, up 29.24 points, +0.22%.

The FTSE 100 London Stock Exchange Index closed at 7,593.22 points, down 32.50 points, -0.43%.

The French stock market CAC-40 index closed at 7,071.79 points, down 2.23 points, -0.03%.

The German stock market DAX index closed at 15,217.45 points, down 38.42 points, -0.25%.

The S&P/ASX 200 Australian stock market index closed at 7,030.30 points, down 7.90 points, -0.11%.

The Australian stock market ALL ORDINARIES index closed at 7,229.80, down 8.50 points, -0.12%.

The Japanese stock market NIKKEI 225 index closed at 32,371.90 points, up 56.85 points, +0.18%.

The KOSPI South Korean stock market index closed at 2,465.07 points, up 2.10 points, +0.09%.

TAIEX index, Taiwan stock market, closed at 16,310.36 points, up 34.29 points, +0.21%.

The SSE Composite Index of the Chinese stock market closed at 3,107.32 points, up 5.04 points, +0.16%.

The HSI Hong Kong Stock Exchange Index closed at 17,611.87 points, up 144.97 points, +0.83%.

The Indian stock market SENSEX index closed at 66,118.69 points, up 173.22 points, +0.26%.

The Jakarta Composite Index of the Indonesian stock market closed at 6,937.83 points, up 14.03 points, +0.20%.

The PSE Composite Index of the Philippine Stock Market closed at 6,374.68 points, up 110.74 points, +1.77%.

FBMKLCI Malaysian stock market index closed at 1,440.11 points, down 5.44 points, -0.38%.

The FTSE STI Singapore Stock Exchange Index closed at 3,200.03 points, down 15.04 points, -0.47%.

2023-09-28 00:37:48
#World #Markets #Summary #stock #market #oil #gold #foreign #currency #markets

September 28, 2023 0 comments

Business

Federal Reserve Signals Interest Rate Hike as Dow Jones Closes Negative

by Chief editor of world-today-news.com September 20, 2023

written by Chief editor of world-today-news.com

The Dow Jones New York Stock Exchange Index closed negative on Wednesday (Sept. 20) after the Federal Reserve (Fed) decided to maintain interest rates as expected at its latest meeting. But it signaled another interest rate hike this year. Because the Fed is not yet finished with its mission to fight inflation.

The Dow Jones Industrial Average closed at 34,440.88 points, down 76.85 points or -0.22%, the S&P 500 Index closed at 4,402.20 points, down 41.75 points or -0.94%, and the Nasdaq Index closed at 13,469.13 points, down 209.06 points or -1.53%.

The Federal Reserve’s (Fed) Monetary Policy Committee (FOMC) decided to maintain short-term interest rates at 5.25-5.50% at its meeting yesterday. which is the highest level in 22 years by maintaining interest rates as the market expected

The FOMC Committee also released a report summarizing economic forecasts (Summary Economic Projections (SEP)) and policy interest rate forecasts (Dot Plot), indicating that Fed officials signaled a further increase in interest rates by 0.25% to a range of 5.50%-5.75. % by the end of this year and sent a signal to cut interest rates twice to 5.1% by the end of 2024 and reach 3.9% by the end of 2025.

As for the economic forecast The Fed raised its forecast for US economic growth to 2.1% this year from the previous forecast of 1.0%, and expected inflation to drop to 3.3% by the end of the year, reaching 2.5% by the end of the year. 2024 and reach 2.2% by the end of 2025. The Fed expects inflation to return to its target level of 2% in 2026, which is slower than Fed officials previously expected.

On the other hand, Mr. Jerome Powell, Chairman of the Fed, sent a signal during a press conference to the media that US inflation will return to the Fed’s target. It still takes a long time.

All three major indexes closed in negative territory after the Fed announced its meeting decision, with the Nasdaq falling more than 200 points, pressured by a fall in technology stocks, which are sensitive to interest rates. Microsoft shares fell 2.4%, Apple shares fell 2%, Indian shares fell 2.94%, and Micron Technology shares fell 1.46%.

Pinterest shares jumped 3.1% after the company announced plans to buy back $1 billion in shares.

Investors are keeping an eye on US economic data today, including the number of weekly jobless claims, August second-hand home sales, August leading economic indicators from the Conference Board.

Tomorrow, the Purchasing Managers’ Index (PMI) for the September service sector will be revealed. and the September Primary Manufacturing Purchasing Managers Index (PMI) from S&P Global.

2023-09-20 23:29:35
#York #Stock #Market #Situation #Dow #Jones #closed #points #Fed #signaled #rate #increase

September 20, 2023 0 comments

Business

Stock Market Conditions, Oil, Gold, and Foreign Currency Markets Update – September 19, 2023

by Chief editor of world-today-news.com September 20, 2023

written by Chief editor of world-today-news.com

Index and stock market conditions, oil, gold, and foreign currency markets as of 19 Sep. 2023

— The Dow Jones New York Stock Exchange Index closed negative on Tuesday (Sept. 19) as investors sold stocks to reduce risk. Before knowing the results of the Federal Reserve’s (Fed) monetary policy meeting on Wednesday (September 20) US time.

The Dow Jones Industrial Average closed at 34,517.73 points, down 106.57 points or -0.31%, the S&P 500 Index closed at 4,443.95 points, down 9.58 points or -0.22%, and the Nasdaq Index closed at 13,678.19 points, down 32.05 points or -0.23%.

— European stock markets closed flat on Tuesday (Sept. 19), with gains in energy stocks offsetting declines in industrial stocks. Meanwhile, investors are cautious in trading while waiting for the results of various central bank meetings this week.

The STOXX 600 Index closed at 456.52 points, down 0.20 points or -0.04%.

The CAC-40 index of the French stock market closed at 7,282.12 points, an increase of 5.98 points or +0.08%, the DAX index of the German stock market closed at 15,664.48 points, an increase of 62.64 points or +0.40%, and the FTSE 100 index of the London stock market closed at 7,660.20 points, an increase of 7.26 points or +0.10%

— The London Stock Exchange closed positive on Tuesday (Sept. 19), supported by gains in investment banking and brokerage services stocks. As investors wait for the release of British inflation data and the results of several central bank meetings this week,

The FTSE 100 London Stock Exchange Index closed at 7,660.20 points, an increase of 7.26 points or +0.10%.

— West Texas Crude Oil (WTI) contracts in New York closed negative on Tuesday (Sept. 19) as investors took profits after oil prices rose for 3 consecutive trading days earlier. After Saudi Arabia and Russia extended oil supply cuts until the end of this year.

The WTI crude oil contract will be delivered in October. fell 28 cents, or 0.3%, to close at $91.20 a barrel.

The Brent crude oil contract (BRENT) will be delivered in November. fell 9 cents, or 0.1%, to close at $94.34 a barrel.

— New York gold futures closed slightly positive on Tuesday (Sept. 19) as investors keep an eye on the results of the Federal Reserve’s (Fed) monetary policy meeting, which will be announced on Wednesday (Sept. 20). ) US time

The COMEX (Commodity Exchange) gold contract will be delivered in December. Rose 30 cents, or 0.02%, to close at $1,953.70/ounce.

Silver contract for delivery in December. fell 4.20 cents, or 0.18%, to close at $23.456/ounce.

Platinum contract for delivery in October. Rose $10.10 or 1.08% to close at $948.40/ounce.

Palladium contract for delivery in December. Rose $22.50, or 1.8%, to close at $1,266.50/ounce.

— The U.S. dollar fell slightly against major currencies in trading on the New York Forex Exchange on Tuesday (Sept. 19) as investors awaited the outcome of the Federal Reserve’s monetary policy meeting. and the Bank of England (BoE)

The dollar index, which measures the dollar’s movement against six major currencies, fell 0.04% to 105.1584.

The U.S. dollar weakened against the Canadian dollar to 1.3442 Canadian dollars from 1.3496 Canadian dollars on Monday (Sept. 18) and the Swedish krona to 11.1520 kronor from 11.1694 Canadian dollars on Monday. but the dollar strengthened against the yen at 147.8450 yen from 147.7270 yen and against the Swiss franc at 0.8982 franc from 0.8978 franc.

The euro weakened against the dollar to $1.0677 from $1.0679 on Monday. Meanwhile, the pound strengthened to $1.2391 from $1.2376.

The New York Stock Exchange DJIA index closed at 34,517.73 points, down 106.57 points, -0.31%.

The S&P500 New York Stock Exchange Index closed at 4,443.95 points, down 9.58 points, -0.22%.

The NASDAQ New York Stock Exchange Index closed at 13,678.19 points, down 32.05 points, -0.23%.

The FTSE 100 London Stock Exchange Index closed at 7,660.20 points, up 7.26 points, +0.10%.

The French stock market CAC-40 index closed at 7,282.12 points, up 5.98 points, +0.08%.

The German stock market DAX index closed at 15,664.48 points, up 62.64 points, +0.40%.

The S&P/ASX 200 Australian stock market index closed at 7,196.60 points, down 33.80 points, -0.47%.

The Australian stock market ALL ORDINARIES index closed at 7,395.00 points, down 33.10 points, -0.45%.

The Japanese stock market NIKKEI 225 index closed at 33,242.59 points, down 290.50 points, -0.87%.

The KOSPI South Korean stock market index closed at 2,559.21 points, down 15.51 points, -0.60%.

The Taiwan Stock Exchange TAIEX Index closed at 16,636.32 points, down 61.92 points, -0.37%.

The SSE Composite Index of the Chinese stock market closed at 3,124.96 points, down 0.98 points, -0.03%.

The HSI Hong Kong Stock Exchange Index closed at 17,997.17 points, up 66.62 points, +0.37%.

Indian stock markets were closed yesterday (September 19) on the occasion of Ganesh Chaturthi.

The Jakarta Composite Index of the Indonesian stock market closed at 6,980.32 points, up 44.24 points, +0.64%.

The PSE Composite Index of the Philippine Stock Market closed at 6,047.97 points, down 76.60 points, -1.25%.

FBMKLCI Malaysian stock market index closed at 1,457.66 points, down 0.33 points, -0.02%.

The FTSE STI Singapore Stock Exchange Index closed at 3,240.75 points, down 22.64 points, -0.69%.

2023-09-20 00:18:18
#World #Markets #Summary #stock #market #oil #gold #foreign #currency #markets

September 20, 2023 0 comments

Business

Dow Futures Surge Ahead of Nonfarm Payrolls Release: Will the Fed Stop Raising Interest Rates?

by Chief editor of world-today-news.com September 1, 2023

written by Chief editor of world-today-news.com

Dow futures soared more than 100 points ahead of the release of nonfarm payrolls later tonight.

As of 6:04 p.m. Thai time, the Dow Jones futures rose 120 points or 0.34% to 34,911 points.

The market keeps an eye on the non-farm payroll numbers in August. It is expected to slow down from July. This will encourage the US Federal Reserve (Fed) to stop raising interest rates in the current cycle.

Analysts predict that Employment increased by 170,000 in August. from 187,000 positions in July. And the unemployment rate is expected to remain stable at 3.5%.

Atlanta Fed President Rafael Bostic said the Fed may no longer need to raise interest rates.

“I think monetary policy has been properly tightened. We should exercise caution and patience. By allowing such strict policies to continue to influence the economy. Otherwise, we may tighten monetary policy too much. and unnecessarily affecting the economy,” Bostic said.

However, Mr Bostic reiterated that “What I’m saying doesn’t mean that I support the Fed easing monetary policy soon.”

Wall Street will be closed on Monday, Sept. 4 for Labor Day in the United States.

2023-09-01 11:50:04
#Dow #futures #soar #points #jobs #report #slowdown #tonight

September 1, 2023 0 comments

Business

US Stock Market Update: Dow Jones Ends Lower, Nasdaq Rises on Fed Interest Rate Expectations

by Chief editor of world-today-news.com August 31, 2023

written by Chief editor of world-today-news.com

The Dow Jones New York Stock Exchange ended lower on Thursday (Aug. 31), while the Nasdaq closed in positive territory for a fifth straight day after the US released inflation data that was in line with analysts’ expectations. This supported expectations that the US Federal Reserve (Fed) will stop raising interest rates. While investors keep an eye on the release of US nonfarm payrolls today. For more clear signals about the direction of the Fed.

The Dow Jones Industrial Average closed at 34,721.91 points, down 168.33 points or -0.48%, the S&P 500 closed at 4,507.66 points, down 7.21 points or -0.16%, and the Nasdaq Index closed at 14,034.97 points, up 15.66 points or +0.11%.

The Nasdaq index rebounded to its highest level in more than four weeks after the US Commerce Department said. The headline Personal Consumption Expenditure (PCE) price index, which includes food and energy, rose 3.3 percent in July year on year. in line with analysts’ forecasts

As for the core PCE index, which excludes the food and energy sectors. It was the Fed’s primary focus on inflation, rising 4.2 percent in July year over year. This is in line with analyst expectations as well.

The latest data from CME Group’s FedWatch Tool shows investors are 88.5% weighing on the Fed holding rates at 5.25-5.50% at its September meeting. And give 51% weight that the Fed will hold interest rates unchanged at its November meeting.

Seven of the 11 stocks comprised of the S&P 500 ended negative, with the Healthcare index shedding 1.21% and the Utilities Index shedding 1.03%.

Technology stocks soar After the 10-year U.S. Treasury yield tumbled to 4.09% overnight, with Amazon shares up 2.2%, Micron Technology shares rose 2.72%, and meta-platform shares gained 0.27%.

Salesforce, the US software giant, soared 3% after it posted higher-than-expected second-quarter 2023 profit and revenue. Financial year 2023

Tesla was the busiest of all S&P 500-listed stocks, closing 0.46 percent higher and trading at $27.7 billion.

Shares of Chinese companies listed on the US stock market tumble. After China released its Purchasing Managers’ Index (PMI), the manufacturing sector contracted for a fifth straight month, with JD.com and Baidu shares down 2.2% and 1.6% respectively.

Considering the entire month of Aug. The S&P 500 was down 1.8%, the Dow was down 2.4% and the Nasdaq was down 2.2%.

For the economic data that was released last night The Labor Department reported initial claims for unemployment benefits fell 4,000 to a seasonally adjusted 228,000 last week. And below analysts’ forecast of 235,000.

Investors keep an eye on US non-farm payrolls figures for August today. While analysts expected Employment numbers rose by 170,000 in August. after adding 187,000 jobs in July The unemployment rate in August is expected to remain stable at 3.5%.

2023-08-31 23:32:22
#York #stock #market #Dow #closes #points #keeping #eye #jobs #numbers

August 31, 2023 0 comments

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