US stocks end in green for second straight session

17/03/2025 Argaam Exclusive
0

US indices rose in the first trading session of the week, supported by the release of economic data that strengthened market expectations for the Federal Reserve to continue its monetary easing cycle in the US.

Dow Jones Industrial Average edged up 0.85%, or 353 points, to 41,841 points.

 

Meanwhile, S&P 500 Index increased 0.65%, or 36 points, to 5,675 points, to continue rising for the second session in a row. Nasdaq Composite advanced about 0.3%, or 54 points, to 17,808 points.

 

As for the European indices, STOXX Europe 600 added 0.8% to 550.9 points.

 

FTSE 100 rose 0.55% to 8,680 points, and CAC 40 added nearly the same percentage to 8,073 points. DAX 40 gained 0.75% to 23,154 points.

 

In Japan, Nikkei 225 inched up 0.95% to 37,396 points. TOPIX surged 1.2% to 2,748 points.

Name
 
Price
Change (value)
Change (%)
71.070
0.490
0.69 %
JavaScript chart by amCharts 3.21.12
JavaScript chart by amCharts 3.21.12Mar 12Mar 14Mar 1669.570.070.571.071.5
67.580
0.400
0.60 %
3,006.100
11.600
0.39 %

In the oil market, futures contracts for Brent crude for May 2025 delivery inched up 0.7%, or $0.49, to $71.07 per barrel.

 

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for April delivery added 0.6%, or $0.40, to $67.58 per barrel.

 

As for gold, futures prices for the yellow metal for April delivery gained 0.15%, or $5 to $3,006.1 per ounce, hitting a record level for the third session straight.

 

Retail sales rose by 0.2% month-on-month in February, below expectations of a 0.6% increase, according to the report released by the Department of Commerce.


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Name
 
Price
Change (value)Change (%)
Brent Crude Oil
70.59
(0.45) (0.63 %)
Nymex
66.95
(0.60) (0.89 %)
Natural Gas
4.10
0.07 1.85 %
Gold
3,042.50
36.60 1.22 %
Silver
34.80
0.47 1.37 %
High Grade Copper
5.01
0.05 1.00 %
Iron Ore
102.32
(0.53) (0.52 %)
Aluminum
2,645.25
(32.75) (1.22 %)
LEAD
2,093.00
8.50 0.41 %
Zinc
2,960.00
0.00 0.00 %
Steel
920.00
(3.00) (0.32 %)
Wheat (CBOT)
566.50
(0.60) (0.11 %)
Corn (CBOT)
459.00
(2.00) (0.43 %)
Coffee (ICEUS)
383.40
0.10 0.03 %
Whole Milk Powder
4,737.50
162.50 3.43 %
Skim Milk Powder
2,700.00
(25.00) (0.93 %)
Refining margins
7.49
(0.01) (0.13 %)
VLCC "Spot"
-
- -
LPG (mt) ($)
-
- -
Fujairah Fuel Pric (mt) ($)
-
- -
VLCC "TC/1Year" ($)
-
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