US stock indexes had a volatile session on Friday but eventually closed slightly higher, although these small gains did not stop the S&P 500 and Nasdaq Composite from starting the year with their worst weekly performance in months.
Eurozone recorded Composite PMI (Dec.) improved further although still within the scope of contraction, while the UK posted an expansionary performance in the services sector.
The S&P500 closed lower on Thursday (4/1/23), with the NASDAQ leading the way down 0.56%, although the Dow Jones Industrial managed to record a narrow win on the back of financial stocks and strong jobs data.
Pengumuman Terkait Haircut dan Saham Margin
he release of the Federal Reserve’s December Minutes failed to answer the questions hanging over the market. While the Fed is expected to hold rates in place at this January’s FOMC Meeting,
The US stock market ended the second trading day of the year back in negative territory as profit-taking continued after a steep climb in 2023, while the release of the Federal Reserve’s December Minutes failed to answer the questions hanging over the market.
US Treasury yield briefly went above the psychological 4.0% level before closing down slightly to 3.937%. The movement in the US Treasury yield is believed to represent investors’ expectations regarding the projected cut in US interest rates this year; which in turn provided negative sentiment to Tech stocks that prefer a low interest rate environment.
The S&P500 and Nasdaq closed the first day of 2024 trading in negative territory, weighed down by the fall in Apple shares after Barclays downgraded the tech giant to “underweight” and the decline in other big Tech names driven by the rise in the US Treasury yield which briefly went above the psychological 4.0% level before closing down slightly to 3.937%.
US bonds ended the year in the same position as the previous year (below 4%) after major swings for the benchmark in 2023. Shares around the world have risen sharply in the last two months of the year as benchmark bond yields fell on expectations of central bank rate cuts in 2024.
