In today’s trade, major Asian markets are seeing a rise, while there is a slight decline in stock futures. However, on Tuesday, major US markets closed strong.
Stock Market Update Today: Global cues are looking strong for the domestic stock market. In today’s trade, major Asian markets are seeing a rise, while there is a slight decline in stock futures. However, on Tuesday, major US markets closed strong. On Tuesday, Dow Jones gained 338 points and closed at the level of 35,294.29. The S&P 500 index gained 1.23 percent and closed at 4,631.60. While Nasdaq rose 1.84 percent and closed at 14,619.64. The Dow and the S&P 500 saw an uptrend for 4 consecutive trading days. Such sentiments have been created in the market that some agreement can be reached in the talks between Russia and Ukraine. At the same time, investors’ eyes are also on inflation and the bond market. Auto stocks saw a good rally on Tuesday. Ford was up 6.5 per cent and GM by 4 per cent. Travel stocks also performed well.
Talking about Asia, SGX Nifty is up 0.92 percent, while Nikkei 225 is showing weakness of 1.20 percent. Straight Times is up 0.20 per cent and Hang Seng is up 1.26 per cent. Taiwan Weighted is up 0.97 per cent and Kospi is up 0.26 per cent. On the other hand, Shanghai Composite has also gained 0.60 per cent. Brent crude is close to $ 11 per barrel, then US crude has come to $ 100 per barrel.
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