HoonSmart.com>> The Dow Jones closed 15 points positive, while the S&P 500 and Nasdaq closed negative as Nvidia stock sales dragged down the tech group. Crude oil prices fell, while European stock markets closed negative.
The Dow Jones Industrial Average (DJIA) closed on June 21, 2024 at 39,150.33 points, an increase of 15.57 points, or +0.04%, but the S&P 500 and Nasdaq indexes closed negative for the second day of declines in Nvidia shares, dragging the group down. . technology
The Standard & Poor's 500 Index closed at 5,464.62 points, down 8.55 points, or -0.16%.
The Nasdaq index closed at 17,689.36 points, down 32.23 points, or -0.18%.
This week, the Dow Jones rose 1.45%, the S&P 500 rose 0.6%, but the Nasdaq was unchanged.
Nvidia shares fell 3.2%, while shares of other semiconductor companies Broadcom Super Micro Computer and Qualcomm fell. Investors are evaluating the state of the US economy. and interest rate trends
Standard & Poor's Global reported that its preliminary manufacturing PMI for June rose to 54.6, the highest level in 26 months, from 54.5 in May.
The primary manufacturing PMI rose to 51.7, the highest level in three months, from 51.3 in May and the primary services PMI rose to 55.1, the highest level in 26 months, from 54.8 in May.
The National Association of Realtors (NAR) reported that used home sales in May fell 0.7% to 4.11 million units on a monthly basis. This is the lowest level in 30 years and is down year-on-year by 2.8%.
Former St. Louis Fed President James Bullard, a proponent of hawkish monetary policy, said Thursday that the slowdown in the consumer price index last week could pave the way for an interest rate cut in September.
CME's FedWatch tool indicates that about two-thirds of traders still expect interest rate cuts to begin in September.
Next week, investors will be watching the Personal Consumption Expenditures (PCE) report, a measure of inflation that the Federal Reserve gives importance to.
In addition, investors are watching the beginning of the US presidential campaign, as the first debate will take place on Thursday evening. Presidents Joe Biden and Donald Trump face off against CNN, where they will hear their views on tax policy, global trade, the role of the Food and Drug Administration, and other economic issues.
European markets closed negative, with pressure from technology stocks and banking groups. Investors also responded to the decision. Interest rate thoughts from the SNB and the Bank of England this week.
Carlsberg shares Carlsberg Group shares fell 9.3% after Britfitch rejected a $3.93 billion takeover offer, saying Carlsberg's offer was too low. Bridgewith shares rose 7.7%.
Technology stocks fell 1.3%, and banking stocks fell 1.7%.
The STOXX 600 index closed at 515.11 points, down 3.80 points, or -0.73%.
The London Stock Exchange FTSE 100 index closed at 8,237.72 points, down 34.74 points, or -0.42%.
The French Stock Exchange CAC-40 index closed at 7,628.57 points, down 42.77 points, or -0.56%.
The German DAX stock market index closed at 18,163.52 points, down 90.66 points, or -0.50%.
West Texas Intermediate crude for August delivery fell 56 cents, or 0.69%, to close at $80.73 a barrel. The price of Brent North Sea crude for August delivery fell 47 cents, or 0.55%, to close at $85.24 per barrel.
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