24th August 2021 Morning Report

The Dow Jones Industrial Average closed 0.78% higher, while the S&P 500 and the Nasdaq Composite advanced 1.5% and 1%, respectively. Both the S&P 500 and the Nasdaq closed at all-time highs, but investors looked ahead to  the Federal Reserve’s future framework to begin tapering its asset purchases. The Fed’s Jackson Hole Symposium this Thursday and Friday could provide insights as to when the Fed will end the pandemic emergency measures and begin raising interest rates.

 Other overseas markets rallied across the board, with Germany’s DAX 30 advancing 0.38% and 0.33%, respectively. Japan’s Nikkei 225 rose 1.78%, China’s Shanghai Composite added 1.45% and Hong Kong’s Hang Seng index increased 1.05%. 

WTI crude oil snapped 7-day losing streak rising to the $65 per barrel level and gold is at USD 1804.20 per ounce. 

Bitcoin rose to the $50,000 level, a three-month high.

Morning Report 24 August 2021

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 17th Morning Report
April 16th Morning Report
April 15th Morning Report
April 14th Morning Report
April 11th Morning Report
April 10th Morning Report
April 9th Morning Report
April 8th Morning Report
April 7th Morning Report
April 4th Morning Report