Global Market Round Up || US Markets Close Higher As Tech, Cyclical Stocks Shine - YouTube

Channel: Kalkine Media

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good morning a warm welcome this is sage and聽 you're watching calkine tv live from sydney聽聽
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and this is the global markets roundup the u.s聽 markets close higher as tech cyclical stocks聽聽
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shine all the benchmark u.s indices聽 closed higher on monday may 24th聽聽
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lifted by technology and cyclical stocks as聽 investors kept their inflation worries aside聽聽
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to focus on opportunities from the re-opening of聽 the economy the s and p 500 gained 0.99 to 4197.05聽聽
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the dow jones industrial average rose 0.54 to 34聽 393.98 the nasdaq composite index ticked up 1.41聽聽
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to 13 661.17 and the small cap russell 2000聽 added 0.54 to 227.34 investors pulled back聽聽
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in the recent days amid rising consumer聽 prices and concerns over labor shortage聽聽
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markets remained volatile although there were聽 signs of strong recovery of the u.s economy聽聽
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moving on several big corporate announcements聽 buoyed monday's bullish sentiments聽聽
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amazon stock was up 1.31 after the news of聽 the e-commerce giant's plans to purchase the聽聽
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famed hollywood studio mgm hit the markets聽 and the deal value is estimated to be about聽聽
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9 billion us dollars both sides聽 are currently ironing out the deal聽聽
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according to market observers nielsen holdings聽 plc plans to invest a significant amount in a聽聽
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new tv rating platform covering traditional and聽 video streaming segments the stock was up 0.99聽聽
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at monday's close drug maker modena has announced聽 that it will jointly produce covert vaccines聽聽
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with samsung's pharmaceutical division in south聽 korea both sides have signed an agreement in this聽聽
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regard the modernist stock closed 1.68 higher聽 following the development and meanwhile apple聽聽
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and epic games prepared for their final聽 argument in a court case the latter has聽聽
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accused the iphone maker of exercising an聽 unfair monopoly over third-party app developers聽聽
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apple ceo tim cook defended the company policies聽 over the issue in a hearing over the weekend聽聽
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virgin galactic holdings limited soared more聽 than 27 at the close after saturday's third聽聽
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test flight of its vss unity spacecraft the test聽 was conducted from spaceport america in new mexico聽聽
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technology consumer cyclicals and real聽 estate were among the top performers on the s聽聽
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p 500 and twitter was up 4.79 tesla gained聽 4.4 google's parent company alphabet surged聽聽
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2.63 while facebook added聽 2.66 and microsoft added 2.29
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the energy segment also saw significant聽 traction after oil prices rose聽聽
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more than one us dollar per barrel聽聽
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crypto currencies gained in monday's session聽 helping to pair some losses from last week's聽聽
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decline and the digital coins had pulled back聽 after china's crypto ban on financial institutions
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next up the top gainers the top performers聽 on s p 500 included mgm resorts international聽聽
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up 5.14 caesars entertainment inc up 4.86 twitter聽 inc up 4.79 and norwegian cruise line holdings聽聽
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limited up 4.70 on nasdaq the top performers聽 were scopus by a farmer inc up a huge 71.98聽聽
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mma capital holdings inc up as well聽 57.66 creative realities inc up聽聽
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three 47.33 percent petros pharmaceuticals聽 inc up thirty seven point nine two percent聽聽
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over to the dow jones microsoft corp was up two聽 point two nine percent salesforce com inc up one聽聽
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point nine eight percent cisco systems inc up聽 one point eight three percent and intel corp聽聽
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up as well one point five seven percent they聽 were the leaders let's now take a look at the top聽聽
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losers the top laggards on the s p 500 included聽 cabot oil and gas corp down six point seven nine聽聽
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percent dollar general corp down as well three聽 point eight five percent car max inc down two聽聽
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point four zero percent t row price group inc down聽 two point two three percent over to the nasdaq聽聽
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ngm biopharmaceuticals inc down 11.57 percent聽 mitten ed tecx education group limited down 32.34聽聽
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e z g o technologies limited down 17.22聽 on canova therapeutics inc down 17.01聽聽
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on to the dow jones amgen ink was down 1.30 home聽 depot inc down as well 0.29 travelers companies聽聽
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inc down 0.22 merck and co inc down 0.19 they were聽 the lagards taking a look now at the volume movers聽聽
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these companies were holding the space in聽 the volume movers category ford motorco 19.52聽聽
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million shares apple inc 15.58 million shares at聽 t inc 10.92 million shares general electric car聽聽
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8.36 million shares microsoft corp 7.89 million聽 shares tesla inc 7.33 million shares and cabot oil聽聽
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and gas corp 7.24 million shares caster maritime聽 inc 16.26 million shares apple inc 15.94 million聽聽
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shares in sundial growers inc 11.70 million聽 shares microsoft corp 7.88 million shares oberlon聽聽
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therapeutics inc 7.34 million shares and scopus聽 buyer farmer inc 7.30 million shares cisco systems聽聽
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inc 7.07 million shares intel corp 6.28 million聽 shares in coca-cola code 3.64 million shares聽聽
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verizon communications inc 3.49 million shares
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next we have the futures and commodities the聽 gold futures were up 0.26 per cent to us 180聽聽
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cents per ounce silver increased 1.40 to us聽 27.872 cents per ounce while copper was up 1.1 6聽聽
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to us 4.533 cents the brent聽 oil futures marginally falls聽聽
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0.03 to u.s 68.38 per barrel and wti crude聽 was up 3.84 to sixty six dollars usn two cents聽聽
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and then we have the bond market the thirty聽 year treasury bond deals were down one point聽聽
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three one percent to two point three zero three聽 while the ten year bond deals decreased 1.68聽聽
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to 1.605 u.s dollar futures index was slightly聽 down 0.20 to us 89.825 cents it's time for a聽聽
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short break but stay tuned as i'll come back with聽 more updates on the australian markets shortly
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four two two three zero eight stay apprised with聽 market moves and trending updates with kalki media聽聽
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hello welcome back after the break i'm sage and聽 you're watching kalkin tv live from sydney and聽聽
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this is the global markets roundup let's get聽 started with the australian market updates聽聽
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on monday the benchmark index started the week聽 positively closing 0.22 higher at 7045.9 and today聽聽
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the australian shares are set to open marginally聽 higher following a rally in the u.s stock market聽聽
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and the rally had been supported by gains in聽 technology shares after investors regained a聽聽
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risk appetite and kept inflation worries on聽 the sidelines for the time being moving on聽聽
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to the digital currencies cryptocurrencies took a聽 sharp reversal from the lower levels hit on sunday聽聽
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regaining ground lost during a weekend panic聽 selling sparked by renewed signs of a chinese聽聽
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crackdown on the mining and trading of bitcoin聽 and bitcoin was last up 12.8 to approximately 39聽聽
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210 u.s dollars erasing all the losses from a day聽 earlier the second largest cryptocurrency ether聽聽
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jumped around 26 to 2646 us dollars after聽 slumping more than eight percent on sunday聽聽
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to a near two-month low dogecoin also聽 recovered 17 from sunday's closing to us 0.3588聽聽
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after a remarkable rally in the tech heavy聽 nasdaq composite on monday australian tech聽聽
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shares are expected to play the catch-up聽 game tech giants such as zero limited聽聽
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zipco limited enough to pay聽 limited could trade higher today
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and now let's take a look at聽 the commodity space oil prices聽聽
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ended higher on monday as increased covert 19聽 vaccination drives gave market participants an聽聽
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optimism that the market can absorb any聽 supply of iranian oil that would come聽聽
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on the market if western talks with聽 tehran materialized to the lifting of聽聽
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sanctions australian energy producers such聽 as santos limited woodside petroleum limited聽聽
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and viva energy group limited could聽 catch up with the rally in oil prices
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gold prices inched higher on monday as a weaker聽 dollar and lower u.s treasury yields bolstered聽聽
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its appeal in the australian聽 gold miners such as degray聽聽
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mining limited evolution mining limited and st聽 barbara limited would be on the investors radar
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asia's iron ore futures again fell on monday聽 leading to another round of selling in the metal聽聽
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sector after china warned against commodity price聽 manipulation and vowed to halt speculative trading聽聽
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on monday the most actively traded iron ore聽 futures contract for september delivery month on聽聽
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china's dallian commodity exchange ended daytime聽 trading 5.2 percent lower at 1064 yuan or 165.46聽聽
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u.s per ton after earlier hitting 1016 yuan聽 its lowest level since 15th of april and on聽聽
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friday copper prices inched up higher as a fall聽 in the u.s dollar spurred modest purchases but聽聽
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concerns over price curbs on industrial metals by聽 the top consumer china capped the gains benchmark聽聽
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copper on the london middle exchange or lme was聽 up 0.6 percent to us 9 939 a ton at 1600 gmt
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australian miners to keep under the watch list for聽聽
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the day are rio tinto ford sku metals聽 group limited and bhp group limited
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looks like it could be an action-packed聽 day on the asx so all right for now聽聽
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that is all but stay tuned with calcone tv for聽 more live market updates and we will be back聽聽
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with more news on the markets economy and聽 diverse themes in sectors sage signing off