On Thursday, September 7, U.S. markets ended mixed, driven by concerns about the Federal Reserve possibly keeping high interest rates for an extended period, which weighed on investor sentiment.
Most sectors on the S&P 500 ended in positive territory. Utilities and real estate stocks saw the largest gains, while information technology and materials stocks closed lower for the session.
The Dow Jones Industrial Average ended the day with a 0.17% gain, finishing at 34,500.73. S&P 500 saw a 0.32% dip, closing at 4,451.14. The Nasdaq Composite registered a 0.89% decrease, concluding its session at 13,748.83.
Asian Markets Today
- Japan's Nikkei 225 ended Friday's session down 1.21% at 32,609.50. Japan reported a 4.8% annual growth rate in the April-June quarter, lower than the estimated 6%.
- Australia's S&P/ASX 200 was down 0.20% and ended at 7,156.70. Miners saw significant losses, dropping 1.2%.
- China's Shanghai Composite closed the session at 3,116.72, down 0.18%, and Shenzhen CSI 300 declined 0.49%, ending the session at 3,739.99.
- Hong Kong's Hang Seng Stock Exchange slid 1.324%, closing at 18,202.07.
- Asian markets declined on Friday due to weak economic data from Japan, raising concerns about slowing growth. Additionally, technology shares were affected by the prospect of higher U.S. interest rates and worsening Sino-U.S. relations.
Eurozone at 06.00 AM ET
- The European STOXX 600 index was down 0.48%.
- Germany's DAX index slid 0.68%.
- France's CAC 40 declined by 0.48%.
- The Eurozone's GDP grew by only 0.1% in the second quarter, falling below expectations. German consumer prices increased by 0.3% in August, with an annual rise of 6.1%.
- The U.K.'s FTSE 100 traded lower by 0.35%.
Commodities at 06.00 AM ET
- Crude Oil WTI was trading higher by 0.47% at $87.29/bbl, and Brent was up 0.59% to $90.47/bbl.
- Natural Gas was up 1.59% to $2.620.
- Gold was trading higher by 0.33% at $1,948.95. Silver was up 0.48% to $23.352, while Copper fell 1.04% to $3.7225.
US Futures at 06.00 AM ET
Dow futures declined 0.18%, S&P 500 futures were down 0.23%, and Nasdaq 100 futures slid 0.30%.
Forex at 06.00 AM ET
The U.S. Dollar Index was down 0.06% to 104.99. USD/JPY rose 0.03% to 147.35, while USD/AUD declined by 0.30% to 1.5637.
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