NEW YORK, New York – U.S. stocks strode higher Wednesday although some in the markets were expressing caution.
“We do tend to think that U.S. equities right now are fairly valued but there’s limited upside at these valuations,” James Ashley, head of international market strategy at Goldman Sachs Asset Management, told CNBC Wednesday.
Here’s a summary of the closing quotes for key indexes:
S&P 500 (^GSPC): The Standard and Poor’s 500 index concluded the day at 5,248.49, marking an increase of 44.91 points, or a rise of 0.86 percent.
Dow Jones Industrial Average (^DJI): The Dow Jones Industrial Average closed at 39,760.08, showing a gain of 477.75 points, or a rise of 1.22 percent.
NASDAQ Composite (^IXIC): The NASDAQ Composite index finished at 16,399.52, up by 83.82 points, or a rise of 0.51 percent.
These gains reflect positive sentiment in the market, driven by various factors such as positive economic data, and corporate earnings reports.
Global Foreign Exchange Market Update: USD Inches Up and Down Against Major Currencies
In the latest trading session, the US dollar saw mixed movements against major currencies, with slight gains and declines noted across several pairs.
Here’s a breakdown of the latest foreign exchange rates for Wednesday:
EURUSD (Euro / US dollar): The euro edged down against the U.S. dollar, with the EURUSD pair trading at 1.0827, marking a marginal decrease of 0.04 percent or 0.0003.
USDJPY (US dollar / Japanese yen): The Japanese yenadvanced to 151.30, reflecting an increase for the yen of 0.17 percent or 0.25.
USDCAD (US dollar / Canadian dollar): The Canadian dollar edged higher to 1.3572, representing an increase of 0.08 percent or 0.0011.
GBPUSD (British pound / US dollar): The British pound gained ground against the greenback, with the GBPUSD pair reaching 1.2636, indicating an increase of 0.07 percent or 0.0009.
USDCHF (US dollar / Swiss franc): The Swiss franc eased to 0.9047, marking loss of 0.08 percent or 0.0007.
AUDUSD (Australian dollar / US dollar): The Australian dollar remained relatively stable against the dollar, with the AUDUSD pair holding steady at 0.6533, showing no change in percentage terms.
NZDUSD (New Zealand dollar / US dollar): The New Zealand dollar experienced a slight decrease against the US dollar, with the NZDUSD pair standing at 0.6001, indicating a decrease of 0.04 percent 0.0002.
Global Stock Markets Close with Gains in Canada, UK, Europe and Most of Asia, with the Exception of China and Hong Kong
In the latest trading session, global stock markets showcased a mixed bag of performances, reflecting a complex interplay of economic data and geopolitical tensions. Here’s a breakdown of the closing stock market quotes for Wednesday across various indices:
CANADA
S&P/TSX Composite index (^GSPTSE): The S&P/TSX Composite index ended the session at 22,107.08, posting an increase of 194.56 points, or a rise of 0.89 percent.
UNITED KINGDOM
FTSE 100 (^FTSE): The London Stock Exchange’s FTSE 100 index closed at 7,931.98, marking a modest gain of 1.02 points or 0.01 percent.
EUROPE
DAX PERFORMANCE-INDEX (^GDAXI): Germany’s DAX index ended the day at 18,477.09, up by 92.74 points or 0.50 percent.
CAC 40 (^FCHI): In France, the CAC 40 index closed at 8,204.81 Wednesday, registering an increase of 20.06 points or 0.25 percent.
ESTX 50 PR.EUR (^STOXX50E): The Eurozone’s ESTX 50 PR.EUR index concluded at 5,081.74, up by 17.56 points or 0.35 percent.
Euronext 100 Index (^N100): The Euronext 100 index finished at 1,524.88, showing a gain of 1.59 points or 0.10 percent.
BEL 20 (^BFX): Belgium’s BEL 20 index closed at 3,832.99 Wednesday, up by 25.52 points or 0.67 percent.
RUSSIA
MOEX Russia Index (IMOEX.ME): In Moscow, the MOEX Russia Index concluded at 2,222.51, down by 4.14 points or 0.19 percent.
ASIA
Nikkei 225 (^N225): Japan’s Nikkei 225 index finished at 40,762.73, showing a gain of 364.70 points or 0.90 percent.
HANG SENG INDEX (^HSI): In Hong Kong, the Hang Seng Index experienced a decline, closing at 16,392.84, down by 225.48 points or 1.36 percent.
SSE Composite Index (000001.SS): China’s Shanghai Composite Index concluded at 2,993.14, indicating a decrease of 38.34 points or 1.26 percent.
Shenzhen Index (399001.SZ): The Shenzhen Index in China closed at 9,222.47 Wednesday, down by 226.96 points or 2.40 percent.
STI Index (^STI): Singapore’s STI Index ended the day at 3,251.71, with an increase of 18.38 points or 0.57 percent.
S&P BSE SENSEX (^BSESN): In India, the S&P BSE SENSEX finished at 72,996.31, showing a gain of 526.02 points or 0.73 percent.
NIFTY 50 (^NSEI): India’s NIFTY 50 index meantime ended the session at 22,123.65, showing a gain of 118.95 points or 0.54 percent.
IDX COMPOSITE (^JKSE): In Indonesia Wednesday, the IDX Composite index closed at 7,310.09, down by 55.57 points or 0.75 percent.
FTSE Bursa Malaysia KLCI (^KLSE): Malaysia’s FTSE Bursa Malaysia KLCI ended the session at 1,530.60, showing a decrease of 7.82 points or 0.51 percent.
KOSPI Composite Index (^KS11): In South Korea, the KOSPI Composite Index finished at 2,755.11, down by 1.98 points or 0.07 percent.
TSEC weighted index (^TWII): Taiwan’s TSEC weighted index concluded at 20,200.12, showing an increase of 73.63 points or 0.37 percent.
OCEANIA
S&P/ASX 200 (^AXJO): In Australia, the S&P/ASX 200 index ended the session on Wednesday at 7,819.60, marking a gain of 39.40 points or 0.51 percent.
ALL ORDINARIES (^AORD): Australia’s ALL ORDINARIES index closed at 8,073.60, up by 36.90 points or 0.46 percent.
S&P/NZX 50 INDEX GROSS (^NZ50): In New Zealand, the S&P/NZX 50 INDEX GROSS closed at 12,010.66, down by 21.15 points or 0.18 percent.
AFRICA
Top 40 USD Net TRI Index (^JN0U.JO): South Africa’s Top 40 USD Net TRI Index closed at 3,851.76, showing an increase of 37.52 points or 0.98 percent.
MIDDLE EAST
TA-125 (^TA125.TA): In Israel, the TA-125 index closed at 2,034.37 Wednesday, down by 6.45 points or 0.32 percent.
EGX 30 Price Return Index (^CASE30): Egypt’s EGX 30 Price Return Index finished at 28,224.40, indicating a decrease of 833.10 points or 2.87 percent.
The global markets displayed a diverse range of movements Wednesday, influenced by a variety of factors including economic indicators, corporate earnings reports, and geopolitical developments. Investors are closely monitoring these trends as they navigate the volatile landscape of international finance.