On Tuesday, February 20th, U.S. stock markets closed in the red, primarily driven by a decline in Nvidia’s NVDA shares ahead of its highly anticipated earnings report.
Related: Nvidia’s Upcoming Earnings to Set Tone for AI Investment Rush, Wall Street Analysts Say
In economic data, the Conference Board’s Leading Economic Index experienced a decrease of 0.4% in January, compared to the anticipated market forecast of a 0.3% drop.
The majority of sectors within the S&P 500 closed in the red, with the consumer discretionary, energy, and technology sectors experiencing the most significant drops. In contrast, consumer staples stocks managed to close the session on a positive note.
The Dow Jones Industrial Average declined by 0.17%, closing at 38,563.80, the S&P 500 fell 0.60% to reach 4,975.51, and the Nasdaq Composite was down 0.92%, concluding the trading day at 15,630.78.
Asian Markets Today
- On Wednesday, Japan’s Nikkei 225 index closed the session lower by 0.17% at 38,300.00, led by losses in the Insurance, Paper & Pulp, and Finance & Investment sectors.
- In Australia, the S&P/ASX 200 was down 0.66% and closed at 7,608.40, led by losses in the Consumer Staples, Metals & Mining and Resources sectors.
- India’s Nifty 50 closed lower by 0.64% at 22,055.05, and the Nifty 500 slid 0.71% to 20,128.30.
- China’s Shanghai Composite rose 0.97% to 2,950.96, while the Shenzhen CSI 300 gained 1.35%, closing at 3,456.87.
- Hong Kong’s Hang Seng Index gained 1.57%, concluding the day at 16,503.10.
Eurozone at 06:30 AM ET
- The European STOXX 600 index was down 0.17%.
- Germany’s DAX gained 0.42%.
- France’s CAC rose 0.16%.
- U.K’s FTSE 100 traded lower by 0.80%.
Commodities at 06:30 AM ET
- Crude Oil WTI was trading lower by 0.66% at $76.53/bbl, and Brent was down 0.61% at $81.83/bbl.
- Natural Gas climbed 9.90% to $1.732
- Gold was trading lower by 0.03% at $2,039.00, Silver fell 0.10% to $23.113, while Copper gained 0.03% to $3.8687.
US Futures at 06:30 AM ET
Dow futures were down 0.19%, S&P 500 futures slid 0.24%, and Nasdaq 100 Futures fell 0.47%.
Forex at 06:30 AM ET
The U.S. Dollar Index was up 0.07% to 104.15, USD/JPY rose 0.04% to 150.06, and AUD/USD slid 0.05% to 1.5262.
Photo by Markus Spiske on Pexels
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
