Stocks mixed after Dow, SP 500 close at new records - 15.10.2024

Senior Analytical Expert

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Todays’ Market Summary

The Dollar strengthening continues
Futures on three main US stock indexes are mixed
Brent is extending losses currently.
Gold prices are retracing up currently

Top daily news

Global stocks are trading in opposite directions currently after Wall Street ended up on Monday while Dow, SP 500 ended at fresh all time highs. Nvidia shares rose 2.4% outperforming market and getting close to passing up Apple by market capitalization as Citi projected the chipmaker’s graphics processing unit sales to hyperscalers like Google and Microsoft will double this year, Microsoft shares added 0.68% on Monday.

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Forex news

Currency Pair	Change
EUR/USD	-0.1%
GBP/USD	+0.2%
USD/JPY	-0.1%
AUD/USD	-0.2%

The Dollar strengthening continues currently. The live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, ended 0.3% higher on Monday.

GBP/USD joined EUR/USD’s accelerated sliding on Monday. Pound is higher against the dollar currently and euro lower. USD/JPY continued its advancing yesterday while AUD/USD reversed its climbing with the yen higher against the Greenback currently and Australian dollar lower still.

Stock Market news

Indices	Change
DJIA	+0.2%
Japan 225	-0.9%
Hang Seng	-3.5%
Australia 200	+0.1%

Futures on three main US stock indexes are mixed currently with the yield on benchmark 10-year Treasury up at 4.094%. Citi, Bank of America and Goldman Sachs will report quarterly results today. US markets ended higher on Monday as the three main stock benchmarks recorded daily gains in a range from 0.5% to 0.9% with tech stocks leading gains as Dow scaled 43 thousand for first time.

European stock indexes futures are mixed currently after indexes closed up on Monday with tech shares leading gains. Asian indexes futures are mixed today with Hong Kong’s Hang Seng index leading losses.

Commodity Market news

Commodities	Change
Brent	-0.4%
Light Weight Crude Oil	-0.5%

Brent is extending losses currently. Oil prices ended 2% lower yesterday as OPEC cut again its forecast for global oil demand growth in 2024 and also lowered its projection for next year. the third consecutive downward revision. US West Texas Intermediate WTI ended 2.3% lower and is lower currently. Brent lost 2% to $77.46 a barrel on Monday.