Tue, 28 Nov 2023

Stocks markets in U.S. jump sharply, Nasdaq leads way

Lola Evans
21 Nov 2023, 06:10 GMT+10

NEW YORK, New York - Retreating U.S. Treasury yields, better-then-expected earnings, and a record high for Microsoft after it recruited ex-OpenAI boss Sam Altman who was sacked last week boosted U.S. stock markets Monday, leading to across-the-board gains.

"The market likes what it sees in the behaving bond market. It likes what it sees in earnings reports and it's in the holiday mood," Bruce Zaro, managing director at Granite Wealth Management in Providence, Rhode Island told Reuters Monday.

Monday's trading session closed on a positive note, with key stock market indices experiencing gains. Here's a detailed look at the closing quotes for some of the prominent indexes:

S&P 500 (^GSPC): The Standard and Poor's 500 closed at 4,553.25, marking an increase of 39.23 points or +0.87 percent. This positive movement was observed amidst a trading volume of 1.324 billion shares.

Dow Jones Industrial Average (^DJI): The Dow Jones Industrial Average concluded at 35,199.91 Monday, showing a gain of 252.63 points or +0.72 percent. The trading session saw a total volume of 212.072 million shares.

NASDAQ Composite (^IXIC): The NASDAQ Composite index exhibited robust performance, closing at 14,297.10 with a substantial gain of 171.62 points or +1.21 percent. The trading volume for the day stood at 3.085 billion shares.

These closing figures underscore the optimistic sentiment in the market, with investors responding positively to various factors, including economic data, corporate earnings reports, and global market trends. The NASDAQ Composite, in particular, demonstrated strength with a notable 1.21 percent increase.

Market participants will be closely monitoring upcoming events and economic indicators throughout the week, as they continue to assess the broader economic landscape. Positive momentum in major indices often serves as an indicator of investor confidence, and these gains contribute to the ongoing narrative of market recovery.

Global Currency Market Update: Monday's Foreign Exchange Rates Analysis

In the ever-evolving world of foreign exchange, Monday witnessed notable losses for the U.S. dollar, particularly against the Japanese yen, and the Australian and New Zelaand dollars. Here's a roundup of the latest world foreign exchange market quotes:

EUR/USD: The euro advanced to 1.0941 Monday, showing a positive movement of 0.30 percent or an increase of 0.0033.

USD/JPY: The Japanese Yen exchange rate (USD/JPY) swelled to 148.36, experiencing a strong gain of 0.76 percent or 1.135.

USD/CAD: The Canadian Dollar exchange rate settled at 1.3721, reflecting a marginal increase of 0.06 percent or a rise of 0.0008.

GBP/USD: The British pound (GBP/USD) reached 1.2508 Monday, with a positive movement of 0.44 percent or an increase of 0.0054.

USD/CHF: The Swiss Franc exchange rate (USD/CHF) inched up to 0.8845, showing a minimal increase of 0.01 percent or a rise of 0.00009.

AUD/USD: The Australian dollar settled at 0.6559 Monday, experiencing a notable gain of 0.71 percent or an increase of 0.00462.

NZD/USD: The New Zealand dollar to US Dollar exchange rate (NZD/USD) settled at 0.6031, with a positive movement of 0.70 percent or an increase of 0.0042.

Global Stock Markets Close with Mixed Results: FTSE 100, DAX, and CAC 40 See Minor Adjustments

In a day of varied market performances, major global indices witnessed subtle shifts in their closing numbers Monday. Here's a breakdown of the closing stock market quotes for key indices:

CANADA

S&P/TSX Composite Index (^GSPTSE): In Canada, the S&P/TSX Composite index closed at 20,245.93, reflecting a positive movement of 70.16 points or +0.35 percent. The trading volume reached 76.184 million shares.

UNITED KINGDOM

FTSE 100 (^FTSE): Closing at 7,496.36, the FTSE 100 in London experienced a marginal decrease of 7.89 points, reflecting a -0.11 percent change.

EUROPE

DAX PERFORMANCE-INDEX (^GDAXI): The German DAX index closed at 15,901.33, marking a decrease of 17.83 points or -0.11 percent.

CAC 40 (^FCHI): France's CAC 40 index showed a positive movement Monday, closing at 7,246.93 with a gain of 13.02 points or +0.18 percent.

ESTX 50 PR.EUR (^STOXX50E): The ESTX 50 PR.EUR index closed at 4,342.41, reflecting a slight increase of 1.64 points or +0.04 percent.

Euronext 100 Index (^N100): Closing at 1,350.41, the Euronext 100 Index showed a modest gain of 2.45 points or +0.18 percent.

BEL 20 (^BFX): Belgium's BEL 20 index closed at 3,534.77, with a marginal increase of 0.30 points or +0.01 percent.

RUSSIA

MOEX Russia Index (IMOEX.ME): The MOEX Russia Index closed at 2,222.51 Monday, experiencing a decrease of 4.14 points or -0.19 percent.

ASIA

Nikkei 225 (^N225): Japan's Nikkei 225 closed at 33,388.03, experiencing a decline of 197.17 points or -0.59 percent.

HANG SENG INDEX (^HSI): Hong Kong's Hang Seng Index closed on a positive note, reaching 17,778.07 with a gain of 323.88 points or +1.86 percent.

SSE Composite Index (000001.SS): The SSE Composite Index in China closed at 3,068.32, showing an increase of 13.95 points or +0.46 percent.

Shenzhen Index (399001.SZ): China's Shenzhen Index closed at 10,022.70 Monday, with a positive movement of 43.01 points or +0.43 percent.

STI Index (^STI): Singapore's STI Index closed at 3,111.58, with a decline of 13.09 points or -0.42 percent.

S&P BSE SENSEX (^BSESN): India's S&P BSE SENSEX closed at 65,655.15, experiencing a decrease of 139.58 points or -0.21 percent.

NIFTY 50 (^NSEI): Also in India, the NIFTY 50 closed at 19,694.00, reflecting a decrease of 37.80 points or -0.19 percent.

IDX COMPOSITE (^JKSE): Indonesia's IDX COMPOSITE closed at 6,994.89 Monday, with a positive movement of 17.22 points or +0.25 percent.

FTSE Bursa Malaysia KLCI (^KLSE): The FTSE Bursa Malaysia KLCI closed at 1,456.92, showing a decrease of 3.75 points or -0.26 percent.

S&P/NZX 50 INDEX GROSS (^NZ50): New Zealand's S&P/NZX 50 INDEX GROSS closed at 11,207.46, with a gain of 30.49 points or +0.27 percent.

KOSPI Composite Index (^KS11): South Korea's KOSPI Composite Index closed at 2,491.20, showing a positive movement of 21.35 points or +0.86 percent.

TSEC weighted index (^TWII): Taiwan's TSEC weighted index closed at 17,210.47 Monday, with a marginal increase of 1.52 points or +0.01 percent.

OCEANIA

S&P/ASX 200 (^AXJO): Australia's S&P/ASX 200 index closed at 7,058.40, gaining 9.00 points or +0.13 percent.

ALL ORDINARIES (^AORD): Meantime, the Australian ALL ORDINARIES index closed at 7,268.70, showing a slight gain of 7.70 points or +0.11 percent.

AFRICA

Top 40 USD Net TRI Index (^JN0U.JO): Closing at 3,989.90, the Top 40 USD Net TRI Index showed a positive trend with a gain of 13.27 points or +0.33 percent.

MIDDLE EAST

TA-125 (^TA125.TA): Israel's TA-125 index closed at 1,756.10 Monday, experiencing a gain of 20.74 points or +1.20 percent.

EGX 30 Price Return Index (^CASE30): Egypt's EGX 30 Price Return Index closed at 24,760.00, showing a decrease of 139.60 points or -0.56 percent.

These varied movements across global indices highlight the dynamic nature of today's financial markets.

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