May 21st Morning Report

Tuesday 21st May 2024

US markets closed higher on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The Dow Jones Industrial Average closed down 0.49%, while the S&P 500 and Nasdaq Composite were up 0.09% and 0.65% respectively.

Other key markets ended higher. European stocks closed as follows: the FTSE100 (+0.05%), the Dax 30 (+0.35%), CAC 40 (+0.35%) and the STOXX (+0.04%). In Asia, the Hang Seng and Shanghai indices closed higher. The key Asian indices ended yesterday as follows: Nikkei 225(+0.73%), HSI (+0.42%) and the Shanghai Composite (+0.54%).

The yield on the US 10 - year note was at 4.447%, while the 2 - year note was at 4.852%. Oil was up to $79.68 per barrel, down 0.47%. The gold price was at US$2428.50 per ounce, up 0.46%.