Asia And Europe Markets Dip, Crude Slips To $85 - Global Markets Today While US Was Sleeping
Portfolio Pulse from Akanksha Bakshi
On October 18, U.S. stock markets ended lower due to rising Treasury yields and investor assessments of recent corporate earnings and forecasts. The Dow Jones Industrial Average declined by 0.98%, the S&P 500 dipped 1.34%, and the Nasdaq Composite fell by 1.62%. Asian and European markets also experienced declines, with Japan's Nikkei 225, Australia's S&P/ASX 200, China's Shanghai Composite, and the European STOXX 600 index all closing lower. Crude Oil WTI was trading lower by 1.65% at $85.83/bbl, and Brent was down 1.81% at $89.84/bbl.
October 19, 2023 | 10:39 am
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NEGATIVE IMPACT
The S&P 500, tracked by the SPY ETF, dipped 1.34% due to rising Treasury yields and investor assessments of recent corporate earnings and forecasts.
The S&P 500 is directly impacted by the overall sentiment in the US stock market. The rising Treasury yields and investor assessments of recent corporate earnings and forecasts have led to a decline in the index, which is likely to negatively impact the SPY ETF in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Crude Oil WTI, tracked by the USO ETF, was trading lower by 1.65% at $85.83/bbl.
The price of Crude Oil WTI, which is tracked by the USO ETF, has declined. This is likely to negatively impact the USO ETF in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100