Dow Jumps Over 100 Points; Chicago Fed National Activity Rises In March

U.S. stocks traded higher this morning, with the Dow Jones gaining over 100 points on Monday.

Following the market opening Monday, the Dow traded up 0.31% to 38,104.99 while the NASDAQ rose 0.62% to 15,376.02. The S&P 500 also rose, gaining, 0.40% to 4,987.10.

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Leading and Lagging Sectors

Information technology shares climbed by 0.8% on Monday.

In trading on Monday, energy shares fell by 0.4%.

Top Headline

The Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.

Equities Trading UP
                       

Equities Trading DOWN

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Commodities

In commodity news, oil traded down 0.1% to $83.07 while gold traded down 2.4% at $2,356.80.

Silver traded down 4.6% to $27.525 on Monday, while copper rose 0.2% to $4.5055.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.4%, London's FTSE 100 rose 1.6% while Spain's IBEX 35 Index climbed 1% The German DAX gained 0.5% French CAC 40 rose 0.2% while Italy's FTSE MIB Index fell 1%.

Eurozone's government deficit to GDP ratio fell to 3.6% in 2023 compared to a revised 3.7% in the prior year.

Asia Pacific Markets

Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 1%, Hong Kong's Hang Seng Index gaining 1.77%, China's Shanghai Composite falling 0.67% and India's S&P BSE Sensex gaining 0.77%.

The People’s Bank of China maintained its key lending rates at the April fixing.

Economics

The Chicago Fed National Activity Index increased to +0.15 in March versus a revised reading of +0.09 in the previous month, topping market estimates of +0.09.

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