Asia And Europe Markets Advance, Crude Near $80 While Dollar Gains - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
On June 17th, U.S. stock markets hit record highs driven by technology stocks, with Apple and Microsoft rebounding. The NY Empire State Manufacturing Index showed improvement. The S&P 500 sectors mostly finished higher, led by industrials, information technology, and consumer discretionary stocks. Asian and European markets also saw gains, while crude oil prices dipped slightly.
June 18, 2024 | 11:35 am
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Apple rebounded from initial dips, contributing to record highs in U.S. stock markets driven by technology stocks.
Apple's rebound from initial dips and its contribution to the surge in technology stocks are significant factors in the record highs achieved by U.S. stock markets.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
The Dow Jones Industrial Average was up 0.49%, closing at 38,778.10, reflecting overall market strength.
The Dow's increase reflects overall market strength, suggesting a positive short-term impact on the ETF.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft bounced back from initial dips, aiding the surge in technology stocks and contributing to record highs in U.S. stock markets.
Microsoft's recovery from initial dips and its role in the surge of technology stocks are key factors in the record highs achieved by U.S. stock markets.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
The Nasdaq Composite gained 0.94%, finishing the session at 17,855.06, driven by a surge in technology stocks.
The Nasdaq's gain was driven by a surge in technology stocks, indicating a positive short-term impact on the ETF.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
The S&P 500 rose 0.77%, ending the day at 5,473.23, driven by gains in industrials, information technology, and consumer discretionary stocks.
The S&P 500's rise was driven by gains in key sectors, indicating a positive short-term impact on the ETF.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100