NEW YORK, New York - With no major news Monday, and nothing on the horizon, U.S. stocks remained little moved, albeit finishing modestly in the black.
"We got interest rates, very negative, AI, very positive," Jay Hatfield, chief executive officer at Infrastructure Capital Management told CNBC Monday. "The two are meeting in the middle and we're going nowhere."
S&P 500 (^GSPC): The S&P 500 index closed at 4,337.44, recording an increase of 17.38 points, equivalent to a rise of 0.40 percent. The total trading volume for the day reached 1.831 billion shares.
Dow Jones Industrial Average (^DJI): The Dow Jones Industrial Average concluded the day at 34,006.88, up 43.04 points or 0.13 percent. The trading session witnessed a total volume of 228.021 million shares.
NASDAQ Composite (^IXIC): The NASDAQ Composite index settled at 13,271.32, posting a gain of 59.51 points, representing an increase of 0.45 percent. The total trading volume on the NASDAQ amounted to 3.593 billion shares.
Market analysts noted that theminor gains on the day were influenced by a combination of factors, including positive economic data, corporate earnings reports, and ongoing developments in global financial markets. However, concerns about inflation and potential interest rate hikes continued to linger, affecting investor sentiment.
World Foreign Exchange Markets Update: Currency Rates Fluctuate
In the ever-changing world of foreign exchange, currency rates exhibited mixed movements in the latest trading session Monday. Traders and investors kept a close eye on key currency pairs to gauge market sentiment. The U.S. dollar gained groiund, particularly against the euro, Japanese yen and British pound.
Here are the latest foreign exchange market quotes:
EUR/USD (Euro / US Dollar): The Euro to US Dollar exchange rate dived to 1.0590, reflecting a decrease of 0.51 percent or a decline of 0.0054 points.
USD/JPY (US Dollar / Japanese Yen): The Japanese Yen exchange rate settled at 148.81, falling 0.30 percent or a 0.45 points.
USD/CAD (US Dollar / Canadian Dollar): The Canadian Dollar edged up to 1.3462, showing gain of 0.12 percent or 0.0016 points.
GBP/USD (British Pound / US Dollar): The British pound fell to 1.2209, reflecting a decrease of 0.20 percent or a decline of 0.0024 points.
USD/CHF (US Dollar / Swiss Franc): The Swiss Franc exchange rate closed at 0.9121, reatreating 0.58 percent or 0.0052 points.
AUD/USD (Australian Dollar / US Dollar): The Australian Dollar stood at 0.6422, showing a decrease of 0.26 percent or a decline of 0.0017 points.
NZD/USD (New Zealand Dollar / US Dollar): The New Zealand Dollar tadvanced to 0.5962, reflecting a minor increase of 0.05 percent.
Global Stock Markets Show Mixed Performances Monday
In a volatile start to the trading week, world stock markets displayed a mixed performance on Monday, with some major indices experiencing losses while others managed to eke out gains. Here's a roundup of the latest stock market quotes from key financial centers around the globe:
S&P/TSX Composite index (^GSPTSE): In Canada, the S&P/TSX Composite index closed at 19,800.61, showing a modest increase of 20.64 points or 0.10 percent. The trading volume on the TSX Composite index stood at 222.596 million shares.
London (FTSE 100): The FTSE 100 index closed at 7,623.99, reflecting a decrease of 59.92 points or a decline of 0.78 percent.
Frankfurt (DAX PERFORMANCE-INDEX): Germany's DAX PERFORMANCE-INDEX wrapped up the day at 15,405.49, shedding 151.80 points, equivalent to a decrease of 0.98 percent.
Paris (CAC 40): The CAC 40 in France settled at 7,123.88, indicating a loss of 60.94 points, which represents a decrease of 0.85 percent.
Europe (ESTX 50 PR.EUR): The ESTX 50 PR.EUR index, representing European markets, closed at 4,167.37, down 39.79 points or a decrease of 0.95 percent.
Euronext (Euronext 100 Index): The Euronext 100 Index settled at 1,320.49, showing a loss of 11.33 points or a decrease of 0.85 percent.
Brussels (BEL 20): Belgium's BEL 20 index concluded at 3,580.79, shedding 54.01 points or a decline of 1.49 percent.
Moscow (MOEX Russia Index): The MOEX Russia Index wrapped up at 2,222.51, indicating a loss of 4.14 points, which represents a decrease of 0.19 percent.
Tokyo (Nikkei 225): Japan's Nikkei 225 index closed positively at 32,678.62, adding 276.21 points or an increase of 0.85 percent.
Hong Kong (HANG SENG INDEX): The HANG SENG INDEX in Hong Kong concluded the trading day at 17,729.29, down 328.16 points, marking a decline of 1.82 percent.
Shanghai (SSE Composite Index): China's SSE Composite Index closed at 3,115.61, showing a loss of 16.82 points or a decrease of 0.54 percent, with a trading volume of 37.385 million shares.
Shenzhen (Shenzhen Index): The Shenzhen Index in China settled at 10,120.62, dropping 58.11 points or a decrease of 0.57 percent, with a trading volume of 378.13 million shares.
Singapore (STI Index): The STI Index in Singapore closed positively at 3,215.40, adding 10.58 points or an increase of 0.33 percent.
Mumbai (S&P BSE SENSEX): India's S&P BSE SENSEX index showed a minimal gain, closing at 66,023.69, up 14.54 points or an increase of 0.02 percent.
Jakarta (IDX COMPOSITE): The IDX COMPOSITE index in Indonesia concluded at 6,998.38, dropping 18.46 points or a decrease of 0.26 percent.
Kuala Lumpur (FTSE Bursa Malaysia KLCI): The FTSE Bursa Malaysia KLCI index in Malaysia settled at 1,443.45, down 6.78 points, equivalent to a decrease of 0.47 percent.
Seoul (KOSPI Composite Index): South Korea's KOSPI Composite Index wrapped up at 2,495.76, shedding 12.37 points or a decrease of 0.49 percent.
Taipei (TSEC weighted index): Taiwan's TSEC weighted index closed positively at 16,452.23, adding 107.75 points or an increase of 0.66 percent.
Sydney (ALL ORDINARIES): The ALL ORDINARIES index in Australia ended at 7,278.60, up 8.60 points or an increase of 0.12 percent.
Sydney (S&P/ASX 200): Australia's S&P/ASX 200 index managed a modest gain, closing at 7,076.50, up 7.70 points or an increase of 0.11 percent.
New Zealand (S&P/NZX 50 INDEX GROSS): New Zealand's S&P/NZX 50 INDEX GROSS closed at 11,377.12, up 4.50 points or an increase of 0.04 percent.
Johannesburg (Top 40 USD Net TRI Index): The Top 40 USD Net TRI Index in South Africa wrapped up at 3,880.64, surging 43.22 points, equivalent to an increase of 1.13 percent.
Tel Aviv (TA-125): The TA-125 index in Israel ended at 1,882.60, showing a minimal decrease of 0.29 points or a decline of 0.02 percent.
Cairo (EGX 30 Price Return Index): Egypt's EGX 30 Price Return Index concluded at 20,320.60, surging 106.90 points or an increase of 0.53 percent, with a trading volume of 215.197 million shares.
Mumbai (NIFTY 50): India's NIFTY 50 index closed at 19,674.55, showing a marginal gain of 0.30 points, which is equivalent to an increase of 0.00 percent.
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