Global Markets Today While US Slept - Asia Mixed, Europe Markets Advance, While Dollar Gains And Gold Near Record High
Portfolio Pulse from Akanksha Bakshi
Global markets showed mixed results with U.S. stock markets closing mixed, Asia experiencing varied performance, and European markets advancing. The S&P 500 and Nasdaq fell sharply due to potential U.S. trade restrictions on China, while the Dow Jones Industrial Average rose. Commodities saw minor fluctuations, and the U.S. Dollar gained.
July 18, 2024 | 10:36 am
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NEGATIVE IMPACT
The Nasdaq Composite fell 2.76%, heavily impacted by a 6.8% plunge in microchip stocks due to potential U.S. trade restrictions on China.
The Nasdaq's significant decline was primarily due to a sharp drop in microchip stocks, which were affected by concerns over potential U.S. trade restrictions on China.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
The Philadelphia SE Semiconductor index experienced its biggest drop since March 2020, falling 6.8% due to potential U.S. trade restrictions on China.
The semiconductor sector was heavily impacted by concerns over potential U.S. trade restrictions on China, leading to a significant drop in the Philadelphia SE Semiconductor index.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
The S&P 500 declined 1.39% due to sharp falls in technology and communication services sectors, influenced by potential U.S. trade restrictions on China.
The S&P 500's decline was driven by significant drops in technology and communication services sectors, which were impacted by concerns over potential U.S. trade restrictions on China.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Dow Jones Industrial Average rose 0.59%, closing at 41,198.08, driven by gains in consumer staples.
The Dow Jones Industrial Average saw gains, primarily driven by the consumer staples sector, which emerged as the leading gainer among the S&P 500 sectors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Gold prices rose 0.28%, nearing a record high, as investors sought safe-haven assets amid market volatility.
Gold prices rose as investors sought safe-haven assets due to market volatility, pushing prices closer to a record high.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80