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Sun, 28th May 2017

Anirudh Sethi Report

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Overnight US Market :Dow closed -36 points.Nasdaq hits another new high

Stocks ended mixed Wednesday as investors focused on the latest slate of company earnings news. Oil prices rebounded after an early slide.

Climbing were the Nasdaq, up 0.2% to a new closing high, and the the S&P 500, which gained 0.1%.

Its 8-point gain built on the Nasdaq composite’s record close of the previous session. The Nasdaq ended Wednesday’s trading at 5,682.45.

The Dow Jones industrial average finished down 36 points, or 0.2%, to 20,054.34.

Crude oil prices rebounded after an early slide. Benchmark U.S. crude rose 17 cents, or 0.3%, to close at $52.34 a barrel in New York. Brent crude, the benchmark for international oil prices, climbed 7 cents, or 0.1%, to close at $55.12 a barrel in London.

Bond prices rose. The 10-year Treasury yield fell to 2.35% from 2.40% late Tuesday

In Europe, Germany’s DAX fell 0.1%, while France’s CAC 40 rose 0.3%. The FTSE 100 index of leading British shares was flat. Major indexes in Asia were mixed. Tokyo’s Nikkei 225 rebounded from early losses to rise 0.5%, while Hong Kong’s Hang Seng added 0.7%. Sydney’s S&P ASX 200 gained 0.5%.

The price of gold added $3.40 to $1,239.50 an ounce. Silver fell 5 cents to $17.71 an ounce. Copper rose 3 cents to $2.67 a pound.

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