May 29th Morning Report

US markets closed higher on Friday as talks on raising the US debt ceiling progressed, while chip stocks surged for a second straight day on optimism about artificial intelligence. The Dow Jones Industrial Average closed up 1.00%, while the S&P 500 and Nasdaq Composite were up 1.30% and 2.19% respectively. 

Other key markets ended lower. European stocks closed as follows: the FTSE100 (+0.74%), the Dax 30 (+1.20%), CAC 40 (+1.24%) and the STOXX (+1.59%). In Asia, the Hang Seng and Shanghai indices closed mixed. The key Asian indices ended yesterday as follows: Nikkei 225(+0.37%), HSI (-1.93%) and the Shanghai Composite (+0.35%).

The yield on the US 10 - year note was at 3.81%, while the 2 - year note was at 4.568%. Oil was up to $72.87 per barrel, up 1.45%. The gold price was at US$1964.90 per ounce, up 0.13%. 

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:

Rua Bioscience Sales Update
Channel Infrastructure announces equity raise
November 25th Morning Report
WCO - Acquisition of Civic Waste, Convertible Note & SPP
ATM - FY25 revenue guidance and dividend policy
November 22th Morning Report
General Capital Announces Another Profit Record
Infratil Considers Infrastructure Bond Offer
Argosy FY25 Interim Result
Meridian Energy monthly operating report for October 2024