This is the global markets roundup show on Kalkine TV. Lets have a look at some important US market updates.
• The U.S. stock market benchmark indexes Dow Jones Industrial Average and S&P 500 ended higher on Wednesday, May 5, following a strong rally in energy stocks. However, tech-savvy NASDAQ Composite Index continued its decline and closed lower.
• The blue chip index gained 97 points on Wednesday. S&P 500 added 3 points, while NASDAQ lost 51 points.
• The Dow Jones rose 0.29 percent to 34,230.34. S&P 500 was slightly up by 0.07 percent to 4,167.59. NASDAQ Composite Index declined 0.37 percent to 13,582.42. The small-cap Russell 2000 decreased 0.31 percent to 2,241.37.
• General Motors’ stock were trading higher on Wednesday after the automaker reaffirmed its full-year guidance and posted an adjusted EBIT of US$4.4 billion for the first quarter, up from US$1.2 billion in the year-ago period despite the semiconductor shortage.
• Next company. Shares of Under Armour and Caesars Entertainment also rose as both the companies showed upbeat forecast for the year after reporting their first-quarter results.
• Peloton Interactive’s stock plunged after the company issued a recall for its 125,000 Tread+ treadmills following reports on injuries and a child’s death linked to the device.
• And finally, lets look at Bond Market
• The 30-year Treasury bond yields were down 0.58 percent on Wednesday to 2.245 while the 10-year bond yields declined 0.80 percent to 1.571.
• US Dollar Futures Index was up 0.34 percent to US$ 91.240.