U.S. stocks kick new week off with strong across-the-board performances

18 Jun 2024

NEW YORK, New York – U.S. stocks were on a roll Monday shrugging off early blues for all the main indices to be trading solidly in the black at the close.

“There is hope that lower interest rates might come into play looking forward, reducing housing costs and helping consumers out,” J. Bryant Evans, investment advisor and portfolio manager at Cozad Asset Management in Champaign, Illinois told Reuters Monday.

The Dow Jones industrials advanced 188.94 points or 0,49 percent to close at 38,778.10 on a volume of 343.77 million shares.

The Nasdaq Composite did best, surging 168.14 points or 0.96 percent to 17,857.14. A total of 5.471 billion shares changed hands.

The Standard and Poor’s 500 jumped 41.63 points or 0.77 percent to 5,473.23, on a volume of 2.366 billion shares.

U.S. dollar steady after volatile day Monday

The greenback gained ground during Asian trading Monday, but trimmed gains in Europe, and lost ground in the North American markets.

The euro sagged early in the day but by the finish in New York Monday, the European Union unit was trading solidly above the crucial 1.0700. level. The euro last traded Monday at 1.0733 for a gain of 0.29 percent.

The Japanese yen shot higher early in the day but fell back as the day wore on. Approaching the finish the yen was fetching 157.72.

The Canadian dollar was shunned Monday but trimmed losses towards the end of the day. It was last fetching 1.3723, for a loss of 0.07 percent.

The British pound traded below 1.2700 for much of the day, but finished above it at 1.2703, for a gain of 0.15 percent.

The Swiss franc was virtually unchanged at 0.8898.

The Australian dollar inched down 0.02 percent Monday to 0.6612.

The New Zealand dollar slipped 0.14 percent to 0.6131.

Global stocks kick the week off with mixed performances in most regions

Stocks rebounded in Europe on Monday but slipped in the UK, Asia, New Zelaand, and Canada, with falls particularly pronounced in Japan. Here are the closing quotes for key indices around the world:


In Canada, the GSPTSE S&P/TSX Composite slid -51.22 points or -0.24 percent to close at 21,587.88.


The FTSE 100 in London closed Monday at 8,142.15, down -4.71 points or -0.06 percent.


The ^GDAXI DAX PERFORMANCE-INDEX finished at 18,068.21, for a gain of +66.19 points or +0.37 percent.

In Paris, the ^FCHI CAC 40 ended at 7,571.57, ahead +68.30 points or +0.91 percent.

The broader ^STOXX50E ESTX 50 PR.EUR concluded at 4,880.42, up +41.28 points or +0.85 percent.

The ^N100 Euronext 100 Index closed at 1,485.86, up +10.20 points or +0.69 percent.

In Brussels, the ^BFX BEL 20 finished at 3,832.88, a fractional gain of -0.49 of a point or -0.01 percent.


In Tokyo, the ^N225 Nikkei 225 38, fell sharply with the key index finishing at 38,102.44, for a loss of -712.12 points or -1.83 percent.

The Hong Kong ^HSI HANG SENG INDEX edged down to 17,936.12, offn -5.66 points or -0.03 percent.

In Shanghai the SSE Composite Index concluded at 3,015.89, down -16.74 points or -0.55 percent.

The Shenzhen Index finished at 9,281.25, ahead +29.00 points or +0.31 percent.

In Singapore, the ^STI STI Index closed at 3,297.55, down -26.98 points or -0.81 percent.

India’s ^BSESN S&P BSE SENSEX closed at 76,992.77, for a gain of +181.88 points or +0.24 percent.

In Jakarta the ^JKSE IDX COMPOSITE had a rough time, shedding -96.73 points or -1.42 percent to finish at 6,734.83 .

The ^KLSE FTSE Bursa Malaysia KLCI ended at 1,607.32, down -2.85 points or -0.18 percent.

In South Koream, the ^KS11 KOSPI Composite Index closed at 2,744.10, off -14.32 points or -0.52 percent.

Taiwan’s ^TWII TSEC weighted index concluded at 22,496.53, down -8.19 points or -0.04 percent.


In Australia, the ^AXJO S&P/ASX 200 slipped -24.00 points or -0.31 percent to close at 7,700.30.

The Australian ^AORD ALL ORDINARIES dropped -31.20 points or -0.39 percent to 7,943.60.

In News Zealand, the ^NZ50 S&P/NZX 50 INDEX GROSS dropped sharply, losing -166.36 points or -1.40 percent to 11,698.51.


In Israel, stocks were steady with the ^TA125.TA TA-125 closing at 1,978.15, for a gain of +29.07 or +1.49 percent.

Egypt’s ^CASE30 EGX 30 Price Return Index made sharp gains, rising to 26,417.60, ahead +284.20 points or +1.09 percent.


In South Africa, the ^JN0U.JO Top 40 USD Net TRI Index closed at 4,122.59 for a gain of +37.62 points or +0.92 percent.