1 month ago
US markets continue their decline while the European markets trade mixed. The Asian markets fell. The Indian markets remained closed for Holi and Crude shifted to positive territory
March 25, 2024 / 09:43 PM IST
Global Markets Outlook
The US markets started the shortened week on a slip, with the Good Friday holiday on the horizon. At 9:00 pm IST, the S&P 500 declined 0.19 percent to 5,224.15. The Nasdaq Composite fell 0.13 percent to 16,406.66 and the Dow Jones Industrial Average was down 0.30 percent at 39,357.68.
Earlier during the day, strategists at Goldman Sachs Group Inc. announced that the S&P 500 may reach the 6000 mark if the case of mega-cap stocks rally persists. The index has performed fairly well over the year, staying above the 5200 mark.
However, the GIFT Nifty traded marginally higher at 22,100.00.
The European markets traded mixed. The FTSE traded flat-to-negative at 7,930.87 while the DAX & CAC were trading higher. DAX was up 0.27 percent at 18,255.46 and the CAC was up 0.11 percent at 8,160.81.
Also Read: Stocks flat, oil climbs as dollar cornered by yen and yuan
Earlier during the day, the Nikkei descended from its record high, ending 1.16 percent lower at 40,414.12. The Hang Seng too declined 0.16 percent to 16,473.64.
The Indian markets remained closed on March 25 on account of Holi.
Crude recovered from previous losses and opened the week on the positive note. WTI was up 1.72 percent at 82.02 and Brent was up 1.57 percent at 86.77.
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