Asia Mixed, Europe Markets Dip While Crude Back At $75 - Global Markets Today While US Slept

Author: Akanksha Bakshi | June 07, 2024 07:34am

On Thursday, June 6th, U.S. stock markets closed mixed. The S&P 500 and Nasdaq composite dipped marginally, retreating from their recent record highs in anticipation of a major labor report, while the Dow saw a slight increase. After reaching new intraday highs earlier, both indices fell as technology stocks declined.

According to the economic data, U.S. initial jobless claims rose to 229,000 last week, surpassing the expected 220,000. Meanwhile, the trade deficit widened to $74.6 billion in April from $68.6 billion in March.

The S&P 500 experienced declines due to the utilities and industrial sectors, but these were somewhat mitigated by gains in the consumer discretionary and energy sectors.

The Dow Jones Industrial Average was up 0.25% and closed at 38,807.33. The S&P 500 gained 1.18%, ending the day at 5,354.03, and the Nasdaq Composite rose 1.95%, finishing the session at 17,186.38.

Asian Markets Today

On Friday, Japan's Nikkei 225 declined 0.22%, ending the session at 38,660.50, led by losses in the Shipbuilding, Insurance, and Banking sectors.
Australia's S&P/ASX 200 index closed higher by 0.49% at 7,860.00, led by gains in the Gold, Consumer Discretionary, and Metals & Mining sectors.
India's Nifty 50 gained 2.05% at 23,290.15, and the Nifty 500 closed higher by 1.87% at 21,764.15.
China's Shanghai Composite was up 0.08%, ending the session at 3,051.28, while the Shenzhen CSI fell 0.50%, closing at 3,574.11.
Hong Kong's Hang Seng ended the session lower by 0.59% at 18,366.95.

Eurozone at 06:15 AM ET

The European STOXX 50 index declined 0.47%.
Germany's DAX slid 0.81%.
France's CAC was down 0.71%.
U.K.'s FTSE 100 traded lower by 0.55%.

Commodities at 06:15 AM ET

Crude Oil WTI was trading higher by 0.16% at $75.69/bbl, and Brent was up 0.14% at $80.00 bbl.
Natural Gas gained 0.32% to $2.830.
Gold was trading lower by 1.48% at $2,355.05, Silver declined 2.54% to $30.567, and Copper was down 2.11% to $4.5800.

US Futures at 06:15 AM ET

Dow futures were down 0.02%, S&P 500 futures slid 0.02%, and Nasdaq 100 Futures rose 0.07%.

Forex at 06:15 AM ET

The U.S. Dollar Index declined 0.01% to 104.09, USD/JPY was down 0.05% at 155.50, and USD/AUD rose 0.07% to 1.5011.

Photo by Pavel Bobrovskiy via Shutterstock

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