Market Update: Dow Jones Closed Marginally Lower. What Market Players Need To Know

Market Update

It can be said that the market participants are increasing their focus towards the earnings season as well he dovish comments from the US Federal Reserve. In the recent meeting of the US Federal Reserve, the central bank kept the rates unchanged, and the market players were cheered after the Fed hinted that they would be patient in raising the interest rates. These comments from the US Federal Reserve were needed by the market participants largely because of the increased worries relating to the global downturn. The trade tensions between the US and China has significantly impacted the broader Chinese economy which has led to the weakness in the economy of China. After this, the worries about the global economic slowdown were further increased. 

On January 31, 2019, Facebook, Inc. (NASDAQ: FB) closed the session in green as the stock price has witnessed a rise of 10.82% or US$16.27 per share and closed at US$166.69 per share. Yesterday, Dow Jones Industrial Average closed the session at 24,999.67 which implies the marginal decline of 15.19 points or 0.061%. However, S&P 500 closed the session at 2,704.10 which implies the rise of 0.86% or 23.05 points.

Can Oil Prices Stabilize Moving Forward?

As the market players are aware, the oil prices are very sensitive to the global macro-economic factors as well as news associated with the trade talks between the US and China. It can be assumed that the market players are expecting that the trade battle between the US and China might settle down which is very important for the global financial markets and for the oil prices. The settlement of the battle can significantly improve the confidence of the global market players. A favorable momentum in the global financial markets can also lead to a rise in oil prices. When the financial markets witness unfavourable momentum, it increases the tensions about the oil demand which leads to a fall in the oil prices.

Australian Markets Ends Marginally Lower

Today, the Australian markets closed slightly lower as S&P/ASX200 index witnesses fall of 1.9 points. The performance of the Australian markets would be sensitive to the performance of the global markets. On February 1, 2019, S&P/ASX200 closed the session at 5862.8. The stocks like Pilbara Minerals Limited (ASX: PLS) and Healthscope Limited (ASX: HSO) have closed the session in green as they have witnessed the rise of 6.154% and 3.814%, respectively. On the other hand, the stocks like Syrah Resources (ASX: SYR) and Smartgroup Corporation Limited (ASX: SIQ) closed the session in red as they have encountered the fall of 7.987% and 6.788%, respectively.

Lindian Resources Limited (ASX: LIN) had come forward and made an announcement about the activity report for the quarter ended December 2018. Read the full news here.   Also, Orocobre Limited (ASX: ORE) had come forward and made an announcement related to the pumping test results from Cauchari drilling. Read the full news here.


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