Benzinga - by Akanksha Bakshi, Benzinga Editor.
On Monday, January 8th, the U.S. stock markets closed higher, with Nasdaq Composite gaining +2%, spurred by falling Treasury yields boosting large-cap stocks.
Boeing (NYSE: BA) shares dipped 8%, curbing the Dow Jones' rise, after the FAA ordered a temporary grounding of some 737 MAX 9 jets following a midair incident with an Alaska Air Group (NYSE: ALK) jet.
Related: Boeing 737 Max 9 Crisis Deepens: United Airlines Discovers Loose Bolts
The energy sector was the only loser among S&P 500 sectors due to a 4% drop in crude prices following Saudi Arabia's major price cuts and increased OPEC output.
The Dow Jones Industrial Average increased 0.58%, closing at 37,683.01. The S&P 500 was up 1.41% to 4,763.54, and the Nasdaq Composite gained 2.20%, ending the trading session at 14,843.77.
Asian Markets Today
- Japan's Nikkei 225 closed Tuesday's trading session higher by 1.19% at 33,763.18, led by gains in the Finance & Investment, Shipbuilding, and Banking sectors.
- Japan's premier Nikkei index soared to its loftiest level in nearly 34 years on Tuesday, buoyed by investor enthusiasm in technology stocks, mirroring the upward trend of their counterparts in the U.S. market.
- Australia, the S&P/ASX 200 gained 0.93%, ending at 7,520.50, led by gains in the IT, Healthcare and Industrials sectors.
- China's Shanghai Composite increased 0.20% to 2,893.25, while the Shenzhen CSI 300 climbed 0.20%, closing at 3,292.50.
- Hong Kong's Hang Seng Index was up 0.27%, concluding the day at 16,222.00.
Eurozone at 06:00 AM ET
- The European STOXX 600 index was down 0.16%.
- Germany's DAX declined 0.23%.
- France's CAC slipped 0.23%.
- European stocks fell on Tuesday, dragged down by tech and finance sectors, as investors await economic data to evaluate the European Central Bank's policy plans.
- The U.K.'s FTSE 100 traded slightly higher by 0.03%.
Commodities at 06:00 AM ET
- Crude Oil WTI was trading higher by 1.88% at $72.10/bbl, and Brent was up 1.77% at $77.47/bbl.
- Natural Gas gained 1.64% to $3.029.
- Gold was trading higher by 0.36% at $2,040.80, Silver fell 0.09% to $23.288, and Copper slipped 0.41% to $3.7942.
US Futures at 06:00 AM ET
Dow futures were down 0.32%, S&P 500 futures slid 0.32%, while Nasdaq 100 Futures declined 0.44%.
Forex at 06:00 AM ET
The U.S. Dollar Index rose 0.20% to 102.41, USD/JPY was down 0.07% to 144.12, and AUD/USD climbed 0.36% to 1.4935.
Photo via Wikimedia Commons
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