Asia And Europe Markets Mixed, Copper Hits Two-Year High, Gold Edges Higher At $2,375 - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
U.S. stock markets closed higher with the Nasdaq reaching a record high. The S&P 500 and Dow Jones also saw gains, driven by reassurances from Federal Reserve Chair Jerome Powell and anticipation of the consumer inflation report. U.S. producer prices increased by 0.5% in April. The technology sector led gains while consumer staples declined. Commodities like gold, silver, and copper saw price increases, with copper hitting a two-year high.
May 15, 2024 | 10:46 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The Dow Jones Industrial Average was up 0.32%, closing at 39,558.11, supported by positive market sentiment.
The Dow Jones saw gains due to positive market sentiment, indicating a likely short-term positive impact on DIA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Gold was trading higher by 0.65% at $2,375.15, driven by a weaker U.S. dollar and positive economic outlook.
Gold prices increased due to a weaker U.S. dollar and a positive economic outlook, indicating a likely short-term positive impact on GLD.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The Nasdaq Composite rose 0.75%, finishing the session at 16,511.18, driven by gains in the technology sector.
The Nasdaq saw significant gains driven by the technology sector, indicating a likely short-term positive impact on QQQ.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 gained 0.48%, ending the day at 5,246.68, driven by positive economic data and reassurances from the Federal Reserve.
The S&P 500 saw gains due to positive economic data and reassurances from the Federal Reserve, indicating a likely short-term positive impact on SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Natural Gas gained 10.71% to $2.369, driven by expectations for higher demand.
Natural Gas prices surged due to expectations for higher demand, indicating a likely short-term positive impact on UNG.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Crude Oil WTI was trading higher by 0.26% at $78.22/bbl, driven by expectations for higher demand and a weaker U.S. dollar.
Crude Oil prices increased due to higher demand expectations and a weaker U.S. dollar, indicating a likely short-term positive impact on USO.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100