March 8th Morning Report

US markets closed lower on Thursday, with the Nasdaq leading the charge supported by chipmakers, while benchmark S&P 500 hit an intraday record high as investors remained upbeat about the prospects of the Fed's interest rate cut in June. The Dow Jones Industrial Average closed up 0.33%, while the S&P 500 and Nasdaq Composite were up 1.07% and up 1.65% respectively.

Other key markets ended mixed. European stocks closed as follows: the FTSE100 (+0.17%), the Dax 30 (+1.19%), CAC 40 (+0.77%) and the STOXX (+1.19%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(-1.23%), HSI (-1.27%) and the Shanghai Composite (-0.41%).

The yield on the US 10 - year note was at 4.094%, while the 2 - year note was at 4.51%. Oil was up to $78.84 per barrel, down 0.37%. The gold price was at US$2167.00 per ounce, up 0.40%. 

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

April 11th Morning Report
April 10th Morning Report
April 9th Morning Report
April 8th Morning Report
April 7th Morning Report
April 4th Morning Report
April 1st Morning Report
March 31st Morning Report
March 28th Morning Report
March 25th Morning Report