5 ZEEL
Market Action – Wednesday, February 28th 2024**
Wall Street ends mixed in a choppy Tuesday’s session.
Investors look ahead to this Thursday`s key inflation update and the impact it may or may not have on the Fed`s plans for interest rates.
Gift Nifty is above dotted lines indicating a positive session for our stock markets.
GLOBAL UPDATE:
GIFT Nifty (+53, 22246)
Dow Future (-29, 38944)
Nikkei (-109, 39133)
Hang Seng (+43, 16834)
Dow Jones (-96, 38972)
Nasdaq (+59, 16035)
Bovespa (+2080, 131689).
WHAT HAPPENED AT WALL STREET IN YESTERDAY’S TRADE:
# Overnight at Wall Street, the Dow Jones Industrial Average was down nearly 100 points, or 0.3%. The S&P 500 was up 0.2%. The Nasdaq Composite was up 0.4%, snapping a two-trading day losing streak.
The 10-year Treasury yield rose to 4.309%.
Consumer confidence and durable goods data both came in weaker than expected, but the numbers Wall Street is itching for won’t come until Thursday.
# WTI crude oil prices is seen trading range bound at $78.59 per barrel.