Dow Jones Industrial Average Closes Higher: A Brief Look!

Market update

It is important for the market players to note that the global equity markets are sensitive to the broad macro-economic factors and the expected performance of the global economy. Not so long ago, there were increased fears about the slowdown in global economic growth and the primary reason for this was the trade battle between the US and China. It can be said that the trade battle has the potential to significantly impact the sentiments of the market players and can also disrupt the momentum of broader equity markets. However, the efforts were also being made to resolve the trade battle as the permanent settlement was necessary in order to bring stability in the financial markets.

It also important for the market players to know that Boeing Co (NYSE: BA) closed the yesterday’s session in green as the company’s stock price closed at US$377.14 per share, thus, implying the rise of 0.46% on an intraday basis. However, on March 12, 2019, this company’s stock witnessed a significant fall of 6.15% on an intraday basis. Yesterday (i.e., March 13, 2019), Dow Jones Industrial Average closed the session at 25,702.89 which reflects the rise of 148.23 points or 0.58%. However, on the same date, S&P 500 Index got closed at 2,810.92 which implies the rise of 19.4 points or 0.69% on an intraday basis.

Oil Prices to Remain Sensitive to Macro Variables 

The movement in the oil prices is also influenced by the expectations about the momentum of the global economy. If there are expectations that global growth is in danger or might get impacted, it might negatively affect the oil prices. This is because the concerns about the slower economic growth increase the questions about the oil demand. If the market players expect that the oil demand would witness a fall, it could severely impact its prices.

Australian Markets Closes the Session in Green

Today (i.e. March 14, 2019), the Australian markets wrapped up the session in green as S&P/ASX200 index got closed at 6179.6 which reflects the rise of 18.4 points or 0.3%. Talking about the performance of stocks, Syrah Resources Limited (ASX: SYR) and Bellamy’s Australia Limited (ASX: BAL) have closed the session on March 14, 2019 in green as the prices of these stocks have witnessed the rise of 8.491% and 7.6%, respectively. On the other hand, the stocks like G8 Education Limited (ASX: GEM) and Corporate Travel Management Limited (ASX: CTD) have closed the session in red as the prices of these stocks have fallen 3.058% and 2.644%, respectively.

We would now have a look at some of the important news. ZIP Co Limited (ASX: Z1P) had come forward and made an announcement that they have raised $42.8 million to support the growth and to strengthen the balance sheet. In order to read the full news, please click here. Also, Stockland (ASX: SGP) announced the unloading of retail assets amounting to $143 million. In order to read the full news, please click here.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

 

 

 

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report