Asia And Europe Markets Mixed, Crude Oil Stays Above $80 With Gold Above $2,200 - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
On March 26th, U.S. markets closed lower, with the Dow, S&P 500, and Nasdaq all experiencing losses. Economic data showed a rise in U.S. durable goods orders and home prices. Asian markets were mixed, with gains in Japan, Australia, and India, but losses in China and Hong Kong. European markets saw slight gains, except for the U.K.'s FTSE 100. Commodities saw crude oil and natural gas prices drop, while gold and silver prices increased. U.S. futures indicated a positive opening for the next trading session.
March 27, 2024 | 11:22 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
DIA, mirroring the Dow Jones Industrial Average, experienced a slight decline, reflecting the Dow's performance.
DIA's performance is closely tied to the Dow Jones, which saw a slight decrease, suggesting a negative short-term impact.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
QQQ, tracking the Nasdaq-100, fell as the Nasdaq Composite experienced losses, particularly in the tech sector.
With the Nasdaq Composite's decline, especially in tech, QQQ is likely to see a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
SPY, tracking the S&P 500, saw a decrease following the third consecutive day of losses in the U.S. market.
SPY directly correlates with the S&P 500's performance, which experienced a downturn, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
USO, tracking crude oil prices, may face a downturn as WTI crude oil dropped to $81.10/bbl.
With a decrease in crude oil prices, USO is expected to face a negative short-term impact.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
GLD, a gold-backed ETF, is likely to see positive movement as gold prices rose to $2,215.60.
As gold prices increase, GLD, which is backed by gold, is expected to experience a positive short-term impact.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80