Global markets update: US stocks close mixed on profit-bookingPersonal FinanceGlobal markets update: US stocks close mixed on profit-booking

Global markets update: US stocks close mixed on profit-booking


On the Wall Street, US stocks closed mixed on Wednesday on profit-booking ahead of key economic data and Fed policy meet next week. 

The S&P 500 fell 16.33, or 0.4%, at 4,267.52. The Dow Jones Industrial Average gained 91.74, or 0.3%, at 33,665.02. The Nasdaq composite fell 171.52, or 1.3%, at 13,104.89.

Microsoft, Amazon, Nvidia and Alphabet all sank at least 3%.

In the bond market, the yield on the 10-year treasury rose to 3.78% from 3.68% late Tuesday. The 2-year yield rose to 4.55% from 4.50%.

Currencies

The US dollar rose to 140.13 Japanese yen from 139.66. The euro rose to $1.0703 from $1.0693.

Canada

Canada  stocks fell on Wednesday as the Bank of Canada raised its benchmark interest rate for the first time since January.

The Toronto Stock Exchange’s S&P/TSX composite index ended down 71.91 points, or 0.4%, at 19,983.69.

The Bank of Canada hiked its benchmark interest rate by 25 basis points to a 22-year high of 4.75%.

Europe

European stocks slid on Wednesday on losses in healthcare stocks.

The pan-European STOXX 600 index fell 0.2%.

Britain’s FTSE 100 fell less than 0.1% at 7,624.34. Germany’s DAX lost 0.2% at 15,960.56. France CAC 40 down less than 0.1% at 7,202.79.

Spain’s IBEX 35 index rose 0.5% to close at a six-week high.

Asia

In Asia, stock markets were mixed on Wednesday.

Hong Kong’s Hang Seng index gained 0.8% at 19,252.00. China’s Shanghai Composite added 0.1% at 3,197.76.

Japan’s Nikkei 225 fell 1.8% at 31,913.74.

Australia’s S&P/ASX 200 index ended 0.2% lower at 7,118.0. New Zealand’s benchmark S&P/NZX 50 index fell 0.9% to end the session at 11,759.15.

Energy prices 

Brent crude for August delivery rose 66 cents to $76.95 a barrel on Wednesday. US crude oil benchmark for July delivery rose 79 cents to $72.53 a barrel.

Natural gas for July delivery rose 7 cents to $2.33 per 1,000 cubic feet.

Bullion

Gold for August delivery fell $23.10 to $1,958.40 an ounce. Silver for July delivery fell 14 cents to $23.53 an ounce.

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Updated: 08 Jun 2023, 02:51 AM IST

Disclaimer: Along with publishing our own news, we get news from various sources namely from news wires ANI, PTI, other reputed finance portals and individual journalists. We are not legally liable for any inaccuracies in the news and expect the reader to do their own due diligence.

http://ganesh@finplay.in

Finance enthusiast, Mutual fund expert.




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