Benzinga - by Akanksha Bakshi, Benzinga Editor.
On Wednesday, October 11, the U.S. stock markets closed in the green, marking a four-day winning streak. Investors are keenly awaiting the consumer inflation data for September, a critical factor that could influence the Federal Reserve’s impending decision on whether to increase or decrease interest rates.
The majority of sectors in the S&P 500 ended positively, with real estate and utilities leading the gains, while energy and consumer staples sectors experienced a decline.
The Dow Jones Industrial Average saw a rise of 0.19%, ending at 33,804.87, while the S&P 500 increased by 0.43% to close at 4,376.95. The Nasdaq Composite also rose 0.71% to close at 13,659.68.
Asian Markets Today
- Japan’s Nikkei 225 closed higher by 0.71% at 32,488.50 on Thursday, with investors snapping up undervalued stocks, particularly in the chip sector.
- Australia’s S&P/ASX 200 gained slightly 0.04% to close at 7,091.00, led by gains in financials and gold stocks.
- China’s Shanghai Composite increased by 0.94% to end the session at 3,107.90, and the Shenzhen CSI 300 rose 0.95%, closing at 3,702.38.
- Hong Kong’s Hang Seng Index gained 1.84% and closed at 18,257.00.
- The European STOXX 600 index was up 0.78%.
- Germany’s DAX increased 0.66%.
- France’s CAC rose 0.52%.
- The U.K.’s FTSE 100 traded higher by 0.81%. The country’s economy saw a 0.2% growth in August, rebounding from a 0.5% contraction in July due to disruptions in the NHS and railway sectors. Inflation also dropped to 6.7%.
- Crude Oil WTI was trading higher by 0.83% at $84.18/bbl, and Brent was up 1.06% at $86.73/bbl.
- Natural Gas slid 1.01% to $3.348.
- Gold was trading higher by 0.38% at $1,894.50, Silver rose 0.92% to $22.337, and Copper increased 0.67% to $3.6360.
Dow futures were up 0.35%, S&P 500 futures increased 0.37%, while Nasdaq 100 futures rose by 0.36%.
Forex at 06:00 AM ET
The U.S. Dollar Index was down 0.10% to 105.71. USD/JPY declined 0.01% to 149.14, and AUD/USD gained by 0.06% to 1.5600.
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