Nasdaq Composite, S&P 500 close higher for 3rd consecutive session

06/05/2024 Argaam Exclusive

US stocks continued on a positive trajectory on May 6, after achieving gains for the second week in a row, amid optimism in the quarterly business results and investor hopes that the Federal Reserve will begin a cycle of monetary easing.

International Market

Name
 
Price
Change (value)
Change (%)
DOW JONES
38,852.27
176.59
0.46 %
NASDAQ
16,349.25
192.92
1.19 %
S&P 500
5,180.74
52.95
1.03 %
Frankfurt
18,175.21
173.61
0.96 %
Paris
7,996.64
39.07
0.49 %
FTSE 100
8,213.49
41.29
0.51 %
Hong Kong
18,578.30
102.38
0.55 %
Tokyo
38,236.07
(37.98)
(0.10 %)
India
73,895.54
17.39
0.02 %
Details
Dow Jones Industrial Average rose by 0.45%, or 176 points, to 38852 pts, extending gains for the fourth straight session.
 
S&P 500 benchmark grew over 1%, or 52 points to 5180 pts, while Nasdaq increased 1.2%, or 192 pts to 16,349 pts, as both extended gains for the third straight session.
 
As for the European indices, STOXX Europe 600 inched up 0.55%, to 508.2 pts, backed by energy, banks, technology and cars.
 
Dax 40 added 0.95% to 18175 pts, CAC 40 grew 0.5% to 7996 pts, while London Stock Exchange (LSE) was closed for an official holiday.
 
Japan stock markets were closed and will resume trading tomorrow.
Name
 
Price
Change (value)
Change (%)
Brent Crude Oil
83.33
0.37
0.45 %
Nymex
78.62
0.51
0.65 %
Gold
2,331.20
(43.70)
(1.84 %)

In the oil market, futures contracts for Brent crude for July delivery rose by 0.45%, or 37 cents, to $83.33 per barrel.

 

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for June delivery rose by 0.45%, or 37 cents, to $78.48 per barrel.

 

In the oil market, futures contracts for Brent crude for July delivery rose by 0.45%, or 37 cents, to $83.33 per barrel.

 

Meanwhile, prices of West Texas Intermediate (WTI) crude oil for June delivery rose by 0.45%, or 37 cents, to $78.48 per barrel.

 

As for gold, futures prices for the yellow metal for June delivery rose by 1%, or $22.6, to $2,331.2 per ounce, the highest level since the end of April's session ($2,357.7).

 

Treasury bond yields fell to their lowest levels in about three weeks, with markets monitoring this week's Treasury auctions, including $58 billion worth of three-year bonds on Tuesday, $42 billion worth of ten-year bonds on Wednesday, and $25 billion worth of thirty-year bonds on Thursday.

Name
 
Price
Change (value)Change (%)
Brent Crude Oil
82.40
(0.23) (0.28 %)
Nymex
79.78
(0.18) (0.22 %)
Natural Gas
2.24
0.01 0.40 %
Gold
2,395.63
(0.73) (0.03 %)
Silver
29.06
(0.05) (0.16 %)
High Grade Copper
4.18
(0.04) (0.86 %)
Iron Ore
108.45
(0.28) (0.26 %)
Aluminum
2,283.50
(50.75) (2.16 %)
LEAD
2,084.00
(37.00) (1.74 %)
Zinc
2,734.50
(39.50) (1.42 %)
Steel
725.00
(16.00) (2.18 %)
Wheat (CBOT)
548.00
5.20 0.95 %
Corn (CBOT)
415.00
10.20 2.52 %
Coffee (ICEUS)
243.05
4.85 2.04 %
Whole Milk Powder
4,225.00
112.50 2.66 %
Skim Milk Powder
2,600.00
0.00 0.00 %
Refining margins
7.37
(0.08) (1.07 %)
VLCC "Spot"
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LPG (mt) ($)
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Fujairah Fuel Pric (mt) ($)
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VLCC "TC/1Year" ($)
-
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MR Atlantic ($)
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Dry Bulk Panamax ($)
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