Global Market Round Up || Could US Stock Market Rebound From Wednesday’s Slump?

You are watching kalkine tv live from Sydney. This is the global markets roundup.

• The benchmark U.S. stock indexes S&P 500, Dow Jones, and the NASDAQ Composite staged a comeback on Thursday, May 13, snapping a three-day losing streak.

• The blue-chip index Dow Jones gained 434 on Thursday while S&P 500 lost 49 points and tech-savvy NASDAQ lost 93 points.

• The stock market had declined sharply on Wednesday following the rising inflation data. However, stocks in all the sectors rallied on Dow Jones and S&P 500 on Thursday, except the energy shares. Financial stocks grew the most on both the indexes in percentage.

• The S&P 500 rose 1.22 percent to 4,112.50. The Dow Jones grew 1.29 percent to 34,021.45. NASDAQ Composite Index increased 0.72 percent to 13,124.99. The small-cap Russell 2000 was up 1.68 percent to 2,170.95.

• And now, lets have a look at some important announcements from the US. Well, the Initial unemployment insurance claims declined by 34,000 to 473,000 in the week ended May 8 from a week earlier to record the lowest figure since the coronavirus pandemic shutdown, according to the data from the Department of Labor.

• The Centers for Disease Control and Prevention said people fully vaccinated against coronavirus can resume activities without masks or physical distance indoors or outdoors.

• Bitcoin plunged 9 percent and Tesla, Inc. fell 3.1 percent after Elon Musk said the electric car maker would stop using Bitcoin as payment for cars.

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