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‎US stocks end lower, record monthly, semi-annual gains

June 29, 2024
in Business
‎US stocks end lower, record monthly, semi-annual gains
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US indices lost steam on the last session of June amid a wave of selloffs and a rise in the US Treasury yields.

The Dow Jones Industrial Average fell by 0.1%, or 45 points, to settle at 39,118 points, recording weekly and interim losses of 0.1% and 1.75%, respectively, but achieving monthly and semi-annual gains of 1.1% and 3.8%, in a row.

The S&P 500 index dropped by 0.4%, or 22 points, to 5,460 points, with weekly losses of 0.1%, and monthly, interim, and semi-annual gains of 3.45%, 3.9%, and 14.5%, in a row.

The Nasdaq Composite Index lost 0.7%, or 126 points, to 17,732 points, but recorded weekly, monthly, and interim gains of 0.25%, 5.95%, and 8.25%, respectively.

As for European markets, the STOXX Europe 600 inched down 0.25% to 511.4 points.

The British FTSE index declined by 0.2% to close at 8,164 points, the German DAX index fell 0.15% to 18,235 points, and the French CAC 40 index edged down 0.7% to 7,479 points.

The Nikkei index rose 0.6%, or 241 points, to 39,583 points, and the broader Topix index added 0.55% to 2,809 points.

The prices of Brent crude futures for August delivery stabilized at $86.41 a barrel, but recorded weekly, monthly, quarterly, and semi-annual gains of 1.35%, 6.55%, 1.25%, and 13.45%, respectively.

Meanwhile, the prices of US WTI crude futures for August delivery fell by 0.25%, or $0.20, to $81.54 per barrel, but recorded weekly, monthly, quarterly, and semi-annual gains of 1%, 6.25%, 0.8%, and 13.75%, respectively.

Regarding gold, futures prices for June August fell by 0.15%, or $3, to $2,339.6 per ounce.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/reports/international_market_daily_report/42154?preview=true

Tags: businessstocks‎US
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