Market Overview for May 22 2024

In today’s market overview, the U.S. indices demonstrated a mixed performance. The Dow Jones Industrial Average (DJIA) fell by 0.51%, closing at 39,671.04, a decrease of 201.95 points. The NASDAQ Composite (COMP) saw a marginal decline of 0.18%, ending at 16,801.54 with a loss of 31.08 points. Similarly, the S&P 500 Index (SPX) dropped by 0.27%, finishing at 5,307.01, down by 14.40 points. The Global Dow Realtime (GDOW) also experienced a slight dip of 0.10%, closing at 4,731.72, down by 4.79 points. In the commodities market, Gold Continuous Contract (GCOO) decreased by 0.71%, settling at $2,375.90, while Crude Oil WTI (CL1) fell by 0.76%, ending the day at $76.98 per barrel.

European markets followed a similar trend with most indices closing lower. The FTSE 100 dropped by 0.55%, closing at 8,370.33, a decrease of 46.12 points. The DAX in Germany saw a 0.25% decline, finishing at 18,680.20, down by 46.56 points. France’s CAC 40 index fell by 0.61%, closing at 8,092.11, a loss of 49.35 points. Italy’s FTSE MIB experienced a drop of 0.41%, ending at 34,460.52, down by 143.09 points. The IBEX 35 in Spain saw a minimal decrease of 0.05%, closing at 11,329.00, while the SXXP index fell by 0.34%, ending at 521.18.

In Asia, market movements were mixed with notable variations among different indices. The ADOW index fell by 0.17%, closing at 3,970.63, a loss of 6.92 points. Japan’s Nikkei 225 (JP:NIK) bucked the trend, rising by 0.56% to close at 38,833.88, an increase of 216.78 points. Conversely, the Hang Seng Index (HK:HSI) in Hong Kong dropped by 1.85%, ending at 18,839.77, down by 355.83 points. The Shanghai Composite (CN:SHCOMP) declined by 0.86%, closing at 3,131.34, a loss of 27.20 points. India’s Sensex (IN:1) saw an increase of 0.36%, closing at 74,221.06, up by 267.75 points. Singapore’s STI (SG:STI) edged up by 0.03%, ending at 3,308.80. However, Australia’s ASX 200 (AU:XJO) declined by 0.75%, closing at 7,789.3, a decrease of 58.8 points. South Korea’s KOSPI Composite Index fell by 0.25%, finishing at 2,716.67.

Currency markets displayed relatively stable movements. The Euro remained unchanged at $1.0825. The Japanese Yen slightly decreased by 0.02%, ending at ¥156.79. The British Pound edged up by 0.02%, closing at $1.2719. The Australian Dollar saw a minor decline of 0.03%, finishing at $0.6617. The U.S. Dollar Index (DXY) dropped by 0.02%, closing at 104.91, while the WSJ Dollar Index fell by 0.01%, ending at 99.61.

In summary, today’s market activity showcased a blend of minor declines and modest gains across global indices. U.S. markets generally trended downward, influenced by mixed economic signals, while European markets mirrored this sentiment with broad-based declines. Asian markets exhibited a mix of upward and downward movements, reflecting diverse economic conditions across the region. The currency markets remained relatively stable, with slight fluctuations reflecting cautious investor sentiment.

U.S. Markets

European Markets

Asian Markets

Currencies