The US markets traded mostly flat on June 20 with the S&P 500 inching up to hit a fresh record high yet again. AI chipmaker Nvidia extended yesterday’s gains, after becoming the most valuable public company.
The S&P 500 hit a new all-time high of 5505.53 during early trading hours. Nvidia reached a new high of $140.76 and was trading nearly two percent higher at $138. Dow also edged 0.24 percent higher to 38,926.83. The Nasdaq Composite was at 17,848.37, down 0.08 percent.
Economic data released on June 20 indicated that unemployment continues to rise. The Labor Department reported that fillings for jobless benefits reached 238,000 for the week ended June 15, up 5,500 from the previous week. This is the highest level since September 2023.
The GIFT Nifty traded flat-to-negative at 23,582.00, despite the Indian indices ending positive earlier during the day.
Indian markets recovered from the previous day’s negative close and traded positive on Thursday. Nifty ended 0.22 percent higher at 23,567 and Sensex was up 0.18 percent at 77,478.93.
European markets edged higher as three central banks announced their policy rate decisions. The Bank of England kept interest rates unchanged at 5.25 percent, which came in line with the market’s expectations. The Swiss Bank reduced interest rates by 0.25 percent while Norway continued to keep its rates unchanged. FTSE reacted positively, up 0.82 percent at 8,272.46 and the DAX surged nearly 1 percent to 18,239.09. CAC also rallied, up 1.34 percent at 7,671.34.
Earlier during the day, the Asian indices traded mixed. Nikkei ended 0.16 percent higher at 38,633.02 while the Hang Seng fell over half a percent to 18,335.32.
DIIs broke their buying streak and net sold Rs 325.81 crore in Indian equities while the FIIs/FPIs net purchased Rd 415.30 crore.
Crude rose for a fourth day in a row, up 0.37 percent at $81.87. Brent broke away from previous day’s losses and edged 0.34 percent higher to $85.36.
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