On Tuesday, April 23rd, the U.S. stock markets closed higher, boosted by strong earnings from major companies and interest in key growth stocks.
Tesla launched new EV models and reported lower-than-expected revenue, yet its stock surged 6% after hours.
According to the economic data, the S&P Global composite PMI dropped to 50.9 in April from 52.1 last month. Meanwhile, new single-family home sales rose 8.8% in March to an annualized rate of 693,000, rebounding from a 5.1% drop in February.
Ten of the 11 S&P 500 sectors advanced, with notable gains in the communication services and technology sectors. However, the Materials sector declined.
The Dow Jones Industrial Average gained 0.69% to close at 38,503.69. The S&P 500 rose 1.20%, ending the day at 5,070.55, while the Nasdaq Composite climbed 1.59%, finishing the session at 15,696.64.
Asian Markets Today
- On Wednesday, Japan's Nikkei 225 index finished the trading day higher by 2.26% at 38,410.50, led by gains in the Power, Gas & Water, and Transportation Equipment sectors.
- The Japanese stock market ended significantly higher on Wednesday, extending its winning streak to three days; the rally was fueled by positive sentiment from Wall Street's overnight gains, driven by strong corporate earnings.
- In Australia, the S&P/ASX 200 closed slightly lower by 0.01% at 7,683.00, led by losses in the Utilities, Industrials and IT sectors.
- India's Nifty 50 closed higher by 0.20% at 22,413.05, and the Nifty 500 rose 0.41%, closing at 20,736.90.
- China's Shanghai Composite gained 0.76% to end the session at 3,044.82, and the Shenzhen CSI 300 rose 0.44%, closing at 3,521.62.
- Hong Kong's Hang Seng Index gained 2.21%, concluding the day at 17,201.27.
Eurozone at 06:15 AM ET
- The European STOXX 50 index was up 0.40%.
- Germany's DAX gained 0.25%.
- France's CAC increased 0.42%.
- U.K.'s FTSE 100 traded higher by 0.57%.
Commodities at 06:15 AM ET
- Crude Oil WTI was trading lower by 0.44 % at $82.99/bbl, and Brent was down 0.09% at $87.08 bbl.
- Natural Gas gained 0.62% to $2.107.
- Gold was trading lower by 0.49% at $2,330.60, Silver declined 0.58% to $26.203, while Copper was up 0.76% at $4.4685.
US Futures at 06:15 AM ET
Dow futures were down 0.05%, S&P 500 futures rose 0.08%, and Nasdaq 100 Futures climbed 0.48%.
Forex at 06:15 AM ET
The U.S. dollar index rose 0.17% to 105.58, the USD/JPY rose 0.06% to 154.91, and the USD/AUD declined 0.26% to 1.5378.
Photo by Pavel Bobrovskiy via Shutterstock