Nasdaq Composite gains 169 points amid global stocks surge
NEW YORK, New York - U.S. and global stock markets were on fire Monday with most indices around the world reaching for the stars.
"There are probably two dynamics at work behind the better tone in global stock markets the decline in gold and oil prices, and the steadiness (rather than rise) in the USD," Thierry Wizman, global FX and rates strategist at Macquarie told CNBC Monday.
"For one, concern over a spreading regional war in the Middle-East has faded. The movement away from a wider conflagration, and back to a shadow war is probably why U.S. bond yields are higher today," Wizman said.
Here are the closing quotes for key indices:
S&P 500 (^GSPC): The S&P 500 finished the day at 5,010.60, up by 43.37 points or 0.87 percent.
Dow Jones Industrial Average (^DJI): The Dow Jones Industrial Average closed at 38,239.98, marking an increase of 253.58 points or 0.67 percent.
NASDAQ Composite (^IXIC): The NASDAQ Composite concluded the trading session at 15,451.31, rising by 169.30 points or 1.11 percent.
While the NASDAQ Composite showed notable gains, the S&P 500 and the Dow Jones Industrial Average also closed higher, albeit with more moderate increases. .
Trading volume was robust across major exchanges, reflecting active participation from investors. Approximately 2.311 billion shares were traded on the S&P 500, 350.737 million shares on the Dow Jones Industrial Average, and 4.029 billion shares on the NASDAQ Composite.
Global Foreign Exchange Markets Update
In the latest trading session, the world foreign exchange markets witnessed minor movements across major currency pairs.
Euro / US dollar (EURUSD): The euro was little changed Monday at 1.0651, reflecting a decrease of 0.01 percent.
US dollar / Japanese yen (USDJPY): The Japanese yen exchange rate fell to 154.83, indicating drop of of 0.15 percent or 0.23.
US dollar / Canadian dollar (USDCAD): The Canadian dollar exchange rate firmed to 1.3701, marking an increase of 0.33 percent.
British pound / US dollar (GBPUSD): The British pound fell to 1.2351, showing a decrease of 0.11 percent.
US dollar / Swiss franc (USDCHF): The Swiss franc exchange rateedged down to 0.9118, reflecting fall of 0.22 percent
Australian dollar / US dollar (AUDUSD): The Australian dollar to U.S. dollar exchange rate last traded at 0.6448, indicating an increase of 0.54 percent.
New Zealand dollar / US dollar (NZDUSD): The New Zealand dollar rose sharply to 0.5918, showing an increase of 0.60 percent.
Global Stock Markets Close Mostly Higher, Taipei and Cairo the Exceptions
On Monday, global stock markets mostly closed with solid gains as investors reacted to various economic and geopolitical developments. Here are the closing quotes for the key indices:
CANADA
S&P/TSX Composite index (^GSPTSE): The S&P/TSX Composite index ended at 21,871.96, indicating a gain of 64.59 points or 0.30 percent. The S&P/TSX Composite index saw trading volume of 250.94 million shares.
UNITED KINGDOM
FTSE 100 (^FTSE): The FTSE 100 in London ended the day at 8,023.87, a new all-time record high, marking an increase of 128.02 points or 1.62 percent.
EUROPE
DAX PERFORMANCE-INDEX (^GDAXI): The German DAX PERFORMANCE-INDEX closed at 17,860.80, up by 123.44 points or 0.70 percent.
CAC 40 (^FCHI): The CAC 40 in Paris on Monday concluded the trading session at 8,040.36, registering a gain of 17.95 points or 0.22 percent.
ESTX 50 PR.EUR (^STOXX50E): The broader ESTX 50 PR.EUR closed at 4,936.85, rising by 18.76 points or 0.38 percent.
Euronext 100 Index (^N100): The Euronext 100 Index ended at 1,502.71, up by 6.83 points or 0.46 percent.
BEL 20 (^BFX): The BEL 20 closed at 3,863.26, indicating an increase of 35.51 points or 0.93 percent.
ASIA
Nikkei 225 (^N225): Japan's Nikkei 225 index finished at 37,438.61 Monday, rising by 370.26 points or 1.00 percent.
HANG SENG INDEX (^HSI): The HANG SENG INDEX in Hong Kong closed at 16,511.69, marking an increase of 287.55 points or 1.77 percent.
SSE Composite Index (000001.SS): China's SSE Composite Index stood at 3,044.60, down by 20.67 points or 0.67 percent.
Shenzhen Index (399001.SZ): The Shenzhen Index ended at 9,239.14, indicating a decrease of 40.32 points or 0.43 percent.
STI Index (^STI): In Singapore on Monday, the STI Index concluded the trading session at 3,225.17, rising by 48.66 points or 1.53 percent.
S&P BSE SENSEX (^BSESN): The S&P BSE SENSEX in Mumbai closed at 73,648.62, marking a gain of 560.29 points or 0.77 percent.
NIFTY 50 (^NSEI): India's NIFTY 50 concluded the trading session at 22,336.40, up by 189.40 points or 0.86 percent.
FTSE Bursa Malaysia KLCI (^KLSE): The FTSE Bursa Malaysia KLCI ended at 1,559.59, rising by 12.02 points or 0.78 percent.
KOSPI Composite Index (^KS11): In South Korea Monday, the KOSPI Composite Index closed at 2,629.44, indicating an increase of 37.58 points or 1.45 percent.
TSEC weighted index (^TWII): Going against the global trend, Taiwan's TSEC weighted index stood at 19,411.22, down by 115.90 points or 0.59 percent.
OCEANIA
S&P/ASX 200 (^AXJO): The S&P/ASX 200 in Australia closed at 7,649.20, up by 81.90 points or 1.08 percent.
ALL ORDINARIES (^AORD): The Australian ALL ORDINARIES index stood at 7,902.00, up by 84.60 points or 1.08 percent.
S&P/NZX 50 INDEX GROSS (^NZ50): The S&P/NZX 50 INDEX GROSS in New Zealand concluded at 11,852.80, up by 56.59 points or 0.48 percent.
AFRICA
Top 40 USD Net TRI Index (^JN0U.JO): The Top 40 USD Net TRI Index in Johannesburg, South Africa, concluded the day at 3,788.26, marking a gain of 6.07 points or 0.16 percent.
MIDDLE EAST
TA-125 (^TA125.TA): The TA-125 in Israel on Monday ended at 1,957.36, rising by 23.38 points or 1.21 percent.
EGX 30 Price Return Index (^CASE30): The EGX 30 Price Return Index in Egypt had a down day, closing at 28,144.20, off by 479.20 points or 1.67 percent.
Despite a couple of indices ending in the red, overall market sentiment remained relatively positive with notable gains seen in several major indices Monday. Investors continue to monitor developments in various sectors and geopolitical events for potential market impact.