On Monday, September 9th, U.S. markets closed higher after investors sought bargains after the previous week's sell-off. Optimism returned after an overreaction to weak economic data, with investors awaiting key inflation reports and the Federal Reserve's upcoming interest rate decision.
In economic data, U.S. wholesale inventories rose by 0.2% month-over-month in July, reaching $903.5 billion, slightly below the initial estimate of a 0.3% increase. This follows a revised flat reading for the previous month.
All eleven S&P 500 sectors finished the day in positive territory, with consumer discretionary leading the gains, followed closely by industrials and information technology.
The Dow Jones Industrial Average was up 1.20% and closed at 40,829.59. The S&P 500 ended the day higher by 1.16% at 5,471.05, while the Nasdaq Composite rose 1.16%, finishing the session at 16,884.60.
Asian Markets Today
- On Tuesday, Japan's Nikkei 225 closed higher by 0.06% at 36,182.50, led by gains in the Transport, Retail and Services sectors.
- Australia's S&P/ASX 200 gained 0.30%, ending the session at 8,011.90, led by gains in the Energy, Telecoms Services, and Financials sectors.
- India's Nifty 50 was up 0.46% at 25,050.45, and the Nifty 500 was higher by 0.64% at 23,652.20.
- China's Shanghai Composite was up 0.28%, ending the session at 2,744.19, and the Shenzhen CSI rose 0.09%, closing at 3,195.76.
- Hong Kong's Hang Seng ended the session higher by 0.22% at 17,234.09.
Eurozone at 05:30 AM ET
- The European STOXX 50 index gained 0.16%.
- Germany's DAX rose 0.04%.
- France's CAC was up 0.43%.
- U.K.'s FTSE 100 index traded lower by 0.44%.
Commodities at 05:30 AM ET
- Crude Oil WTI was trading lower by 1.21% at $67.89/bbl, and Brent was down 1.11% at $71.05/bbl.
- Natural Gas fell 0.51% to $2.159.
- Gold was trading higher by 0.03% at $2,533.50, Silver gained 0.29% to $28.735, and Copper fell 0.54% to $4.1225.
US Futures at 05:30 AM ET
Dow futures were down 0.13%, S&P 500 futures fell 0.13%, and Nasdaq 100 Futures declined 0.33%.
Forex at 05:30 AM ET
The U.S. dollar index rose 0.04% to 101.59, the USD/JPY rose 0.04% to 143.22, and the USD/AUD fell 0.15% to 1.4991.
Photo by Pavel Bobrovskiy via Shutterstock
