The Stocks in Action || How S&P/ASX200 Performed As The US Stock Market Seesawed?

This is The Stocks in Action show. Lets have a look at ASX 200 and the ASX listed stocks that are trending today.  

• The S&P/ASX200 is up today, gaining 41 point 70 points or point 58 per cent to 7259 point 50 and setting a new 100-day high.

• The US stock market seesawed while global equities markets rallied ahead of a closely watched Federal Reserve report that will glean insights into how companies are coping with rebounding consumer demand. 

• Benchmark US stock indices saw muted gains, although the segments broadly remained subdued as investors took cues from the recent spike in oil prices and inflation data. 

• Wall Street inched higher at the open only to erase most of the gains near midday trading. The Dow Jones gained point 07 per cent, to 34,600 point 38, while the S&P 500 gained point 14 per cent, to 4,208 point 12.

• The dollar index was up point 001 per cent at 89 point 907, at 2:34 PM Eastern Time, after trading in a range of 89 point 856 and 90 point 247. 

• Cryptocurrencies are becoming stable and seem to have absorbed all the negative news that bombarded the crypto space in May.

• Copper prices softened on Wednesday as firmer dollar sapped the metal's appeal. Investors also took some money off the table over worries about a dip in demand from top consumer China.

• August delivery of Brent crude oil futures traded at $71 and 28 cents per barrel up point 04 per cent while West Texas Intermediate crude oil futures for July delivery traded down point 10 per cent at US$68 dollars 76 cents per barrel as of the 3rd of June 2021 at 10:14 AM Australian Eastern Standard Time.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK