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Home » Business » Market Overview May 24 2024

Market Overview May 24 2024

wide-format image based on your prompt—an artistic representation of a world map with superimposed stock market indices from various countries, including the DJIA, NASDAQ, and Nikkei 225.
By Jason Chang on May 24, 2024
Listen to our audio presentation: Buying a Business: Unconventional Wisdom

In today’s financial update  (see if , global markets exhibited mixed performances amidst varied economic signals. The Dow Jones Industrial Average (DJIA) saw minimal movement, inching up by 4.33 points, a modest gain of 0.01%, closing at 39,069.59. Meanwhile, the NASDAQ Composite surged ahead, adding 184.76 points, a notable increase of 1.10%, to finish at 16,920.79. This contrasted with the modest uptick of the S&P 500, which rose by 36.88 points, up by 0.70%, to settle at 5,304.72.

Across the pond, European markets showed a quieter demeanor. The FTSE 100 dipped slightly by 21.64 points or 0.26%, closing at 8,317.59, reflecting ongoing investor caution in the UK. Germany’s DAX managed a marginal rise of 2.05 points, marking a subtle 0.01% increase to end at 18,693.37. The CAC 40 in France, however, dropped by 7.36 points or 0.09%, demonstrating the tentativeness prevalent in the continental markets.

In Asia, markets ended mostly lower, with Japan’s Nikkei 225 falling by 457.11 points, a reduction of 1.17%, which closed at 38,646.11. The Hang Seng Index in Hong Kong declined more sharply by 259.77 points or 1.38%, indicating stronger selling pressures. The Shanghai Composite wasn’t spared either, shedding 27.52 points, or 0.88%, to finish at 3,088.87.

The commodity markets saw the Gold Continuous Contract decrease by $2.00, settling at $2,335.20, marking a 0.09% decline. On a brighter note, Crude Oil WTI (NYM) ascended by 0.93 points, an uplift of 1.21%, closing at $77.80 per barrel, suggesting a rebound in energy demand.

Currency movements provided a glimpse into the broader economic sentiment, with the Euro strengthening slightly against the dollar to $1.0845, an increase of 0.27%. The British Pound also edged higher by 0.31%, reflecting a positive adjustment to $1.2738. Conversely, the U.S. Dollar Index saw a decline of 0.34%, signaling a pullback to 104.75.

Today’s market movements underscore the nuanced and interconnected nature of global financial markets, reacting to a complex blend of investor sentiment, economic data, and geopolitical events. As investors and analysts decipher these signals, the financial landscape continues to evolve, presenting both challenges and opportunities.

North America

Index Value Change Change %
DJIA (Dow Jones Industrial Average) 39,069.59 +4.33 +0.01%
COMP (NASDAQ Composite) 16,920.79 +184.76 +1.10%
SPX (S&P 500 Index) 5,304.72 +36.88 +0.70%
GDOW (Global Dow Realtime) 4,713.11 +9.29 +0.20%
GC00 (Gold Continuous Contract) $2,335.20 -2.00 -0.09%
CL.1 (Crude Oil WTI (NYM)) $77.80 +0.93 +1.21%

Europe

Index Value Change Change %
FTSE 100 8,317.59 -21.64 -0.26%
DAX 18,693.37 +2.05 +0.01%
CAC 40 8,094.97 -7.36 -0.09%
FTSE MIB 34,490.71 +23.04 +0.07%
IBEX 35 11,246.00 -65.10 -0.58%
SXXP 520.57 -0.99 -0.19%

Asia

Index Value Change Change %
XX:ADOW (Asia Dow Index USD) 3,966.56 -19.73 -0.49%
JP:NIK (Nikkei 225) 38,646.11 -457.11 -1.17%
HK:HSI (Hang Seng Index) 18,608.94 -259.77 -1.38%
CN:SHCOMP (Shanghai Composite) 3,088.87 -27.52 -0.88%
IN:1 (Sensex) 75,410.39 -7.65 -0.01%
SG:STI (Straits Times Index) 3,316.56 -6.06 -0.18%
AU:XJO (S&P/ASX 200) 7,727.76 -84.2 -1.08%
KR:180721 (KOSPI Composite Index) 2,687.60 -34.21 -1.26%

Currencies

Currency Value Change Change %
Euro $1.0845 +0.0029 +0.27%
Japanese Yen ¥157.00 +0.08 +0.05%
British Pound $1.2738 +0.0039 +0.31%
Australian Dollar $0.6626 +0.0019 +0.29%
U.S. Dollar Index (DXY) 104.75 -0.36 -0.34%
WSJ Dollar Index 99.52 -0.17 -0.18%
  1. Market Overview for May 22 2024
  2. Global Market Overview May 23 2024
  3. Market Overview: Key Indices, Commodities, and Currency Movements
  4. Commodities Market Overview May 22 2024
  5. Key Indices and Currency Movements for May 21 2024

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