Monday, January 6, the American markets finished mixed; The S&P 500 and Nasdaq Composite climbed above one-week high, lifted by gains in the semiconductor sector and optimism over a softer approach to tariffs under the administration Trump. The Dow fell slightly while tech stocks rallied sharply. Investors have been watching Federal Reserve cues and Trump’s potential economic impact.
Economic data shows that in November, U.S. durable goods and factory orders fell 0.4%, slightly below forecasts and previous gains. The December S&P Global Services PMI fell to 56.8, below forecasts, while the composite PMI eased to 55.4, although both indexes remained above their previous levels.
While seven of the eleven S&P 500 sectors declined, communications services and technology stocks rose significantly.
The Dow Jones Industrial Average lost 0.06% and closed at 42,706.56, the S&P 500 rose 0.55% to 5,975.40, while the Nasdaq Composite climbed 1.24% to close at 19,864.98.
Asian markets today
- On Tuesday, Japan’s Nikkei 225 closed 2.14% higher at 40,077.00, supported by gains in the mining, energy, chemicals, oil and plastics sectors.
- Australia’s S&P/ASX 200 index rose 0.34%, closing the session at 8,285.10, supported by gains in the IT, telecommunications services and consumer discretionary sectors.
- India’s Nifty 50 closed 0.32% higher at 23,691.40, and the Nifty 500 gained 0.46%, ending at 22,327.80. Gains in the gas and oil, capital goods and metals sectors supported the index.
- The Shanghai Composite Index rose 0.71% to close at 3,229.64, and the Shenzhen CSI 300 gained 0.72% to end the day at 3,796.11.
- Hong Kong’s Hang Seng closed the session down 1.22% at 19,447.58.
The Eurozone at 05:30 EST
- The European STOXX 50 index gained 0.47%.
- The German DAX rose 0.32%.
- The French CAC increased by 0.54%.
- The UK’s FTSE 100 fell 0.22%.
Commodities at 5:30 a.m. EST
-- WTI crude oil was trading 0.38% higher at $73.84 per barrel, and Brent was up 0.59% at $76.75 per barrel.
- Oil prices fell as demand optimism faded amid weak global economic data, although tighter Russian and Iranian supplies and increased demand for fuel oil due to winter weather limited losses.
- Natural gas fell 4.30% to $3.514.
- Gold was trading 0.30% higher at $2,655.51, silver was up 0.74% at $30.810, and copper was up 0.84% at $4.1960.
US Futures at 05:30 EST
Dow futures rose 0.08%, S&P 500 futures gained 0.10% and Nasdaq 100 futures gained 0.09%.
Forex at 05:30 EST
- The U.S. dollar index fell 0.24% to 109.98, USD/JPY rose 0.10% to 157.75, and USD/AUD lost 0.59% to 1.5914.
- The dollar headed toward a one-week low as traders speculated on a softer stance on tariffs from President-elect Trump, despite his denial of the recent report.
Photo par Pavel Bobrovskiy via Shutterstock
Belgium
