Today European stocks had a bad hair day, while US indices such as S&P 500 and Nasdaq are looking bullish. US stock markets opened with a gap higher, continuing the recuperation after the dive on Thursday, following the soft US CPI report which showed that the slowing trend in inflation has resumed again after the jump in Q1.
![US stock markets are in green today, while European indices ended up in red](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20800%20450'%3E%3C/svg%3E)
Early this morning, Asian stock markets experienced a downturn, with the Shanghai Composite remaining relatively stable while Hong Kong’s Hang Seng Index saw a sharp drop. This decline was prompted by data from China showing a significant slowdown in the country’s economic growth during the second quarter.
S&P 500 Chart Daily – Buyers Keep Pushing to New Record Highs![](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201%201'%3E%3C/svg%3E)
Luxury brands like Burberry and Swatch Group contributed to the decrease in European indices, including Germany’s DAX30, the UK’s FTSE 1000, France’s CAC 30, and the Stoxx Europe 600. In contrast, US stock markets are beginning the day on an upward trend. Market reactions are downplaying the assassination attempt, and this development boosts the probability of former President Trump securing another term. This scenario implies a more lenient Federal Reserve, leading to lower interest rates on mortgages and loans, reduced regulations, fewer taxes, and higher tariffs on Chinese imports, all contributing to a steeper yield curve.
Two Hours into the trading day, the market snapshot shows:
- Dow Jones Industrial Average: +238 points or +0.59% at 40,245 points (record high close: 40,003.60)
- S&P 500 Index: +26.30 points or +0.47% at 5649.10 points
- NASDAQ: +103 points or +0.55% at 18661 points
Reviewing some major large-cap stocks:
- Meta Platforms: -0.14%
- Amazon: -0.06%
- Nvidia: +0.63%
- Alphabet: -0.91%
- Apple: +1.93%
- Microsoft: +0.42%
Tech and Consumer Electronics Leading the March
Today’s stock market showed mixed results, with the technology sector, especially semiconductors and consumer electronics, displaying significant volatility. The trading activity heatmap indicates that the tech sector is performing impressively. Apple (AAPL) surged by 2.26%, significantly outpacing its competitors, reflecting strong investor confidence likely bolstered by positive news or product announcements. Meanwhile, the semiconductor industry experienced modest gains, with Advanced Micro Devices (AMD) rising by 2.04% and Nvidia (NVDA) increasing by 1.28%. This suggests that investor sentiment is improving after recent weeks of turbulence.
S&P 500 Live Chart
S&P500