Nasdaq sets fresh record close in first session of Q3

2020-07-01 23:06:52 GMT (Economies.com)
Nasdaq sets fresh record close in first session of Q3

The major US stock indices closed mixed on Wednesday, as Dow Jones fell, and S&P 500 rose, with Nasdaq posting a new record closing.

 

The Federal Reserve meeting minutes showed that most FOMC members are concerned about the mounting uncertainty around the US economy's recovery from the coronavirus crisis.

 

Data showed today the US ISM Manufacturing PMI rose to 51.3 points in June vs. 40.8 in May. The US private sector has added 2.3 million new jobs in June.

 

The US Department of Labor will release tomorrow the employment change reading for June, with forecasts for more than 3 million new jobs added.

 

To the oil market, West Texas Intermediate crude rose 1.4% to close at $39.82 a barrel, after it hit an intraday high of $40.5 and a low of $39.05.

 

Brent rose 1.8% to $42.03 a barrel, with a high of $42.6 and a low of $41.03.

 

As for stocks, Dow Jones fell 0.3% or 78 points to close at 25,735, with a day high of 26,019 and a low of 25,713.

 

Nasdaq rose 0.9% or 96 points to close at 10,154, after hitting a high of 10,197 and a low of 10,048.

 

S&P 500 added 0.5% or 15 points to 3,116, with today's high at 3,128 and a low of 3,101.

 
 
 
  Symbol Last Change Chg.%
1.1785
0.0075
0.6435%
1.3052
0.0037
0.2828%
Tadawul
7499.97
10.08
0.13%
28.209
3.962
16.340%
41.550
1.115
2.757%
44.64
-0.45
1.00%
2032.160
62.805
3.189%
 
 
US
 
Europe
 
Asia