US dollar surprisingly firm even though equities tick higher
Equities were resilient in the US on Monday but drifted down a bit later in the day. The US dollar was firm even when the equities were higher.
Equities were resilient in the US on Monday but drifted down a bit later in the day. The US dollar was firm even when the equities were higher.
The volatility of the equity market i.e volatility index remained low at about 24-25.
US stocks ticked higher as Wall Street keeps wrestling with whether the economy will successfully avoid a recession amid rising interest rates and high inflation.
The S&P 500 and the NASDAQ edged higher. Both started the day with even bigger gains, following up on strength across European and Asian markets after China relaxed some tough anti-COVID measures. But stocks fell back a bit as Treasury yields continued to climb, putting downward pressure on stocks.
The yield on the 10-year Treasury, which helps set interest rates on mortgages and other loans, jumped back above 3 percent.
Also Read:
How indices fared on Monday:
The S&P 500 rose 12.89 points, or 0.3 percent, to 4,121.43.
The Dow Jones Industrial Average rose 16.08 points, or less than 0.1 percent, to 32,915.78.
The NASDAQ rose 48.64 points, or 0.4 percent, to 12,061.37.
The Russell 2000 index of smaller companies rose 6.83 points, or 0.4 percent, to 1,889.89.
Watch the accompanying video of CNBC-TV18’s Prashant Nair for more details.
-With agency inputs
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Chhattisgarh Lok Sabha elections 2024: Bhupesh Baghel among the list of Congress candidates
Apr 19, 2024 3:45 PM
Chhattisgarh Lok Sabha elections 2024: Full list of BJP candidates
Apr 19, 2024 1:46 PM
Lok Sabha Election Phase One: WB records 51% voting, UP 37%, Maharashtra 32% till 1 pm
Apr 19, 2024 12:56 PM
Violence mars first phase of Lok Sabha polls in West Bengal
Apr 19, 2024 12:09 PM