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US Stock Market News & Analysis

Global Markets Report - 29 November
29 November 2023

U.S. stocks posted modest gains on Tuesday, resuming a strong rally in November that has been propelled by tumbling U.S. bond yields.

The Dow Jones Industrial Average closed up about 83 points, or 0.2%, ending near 35,416, according to preliminary FactSet data. The S&P 500 index was 0.1% higher, while the Nasdaq Composite Index closed up 0.3%.

Equity investors were emboldened after Fed Governor Christopher Waller said on Tuesday that a cooling economy could help bring inflation down to the central bank's 2% yearly target, even though he also said it's unclear if more interest rate hikes were warranted. The 10-year Treasury yield slipped to 4.335%, its lowest yield in about two months.


Price/fair value

Country
Current
1 year ago
United States 0.96 0.88
Canada 0.92 0.89

Markets

Index
Last price
Change
% Change
All Ordinaries 7,245.80 22.70 0.31%
CAC 40 7,250.13 15.36 -0.21%
DAX 40 15,992.67 26.30 0.16%
Dow JONES (US) 35,416.98 83.51 0.24%
FTSE 100 7,455.24 5.46 -0.07%
HKSE 16,921.42 432.72 -2.49%
NASDAQ 14,281.76 40.73 0.29%
Nikkei 225 33,321.22 87.17 -0.26%
NZX 50 Index 11,235.94 1.44 -0.01%
S&P 500 4,554.89 4.46 0.10%
S&P/ASX 200 7,035.30 20.10 0.29%
SSE Composite Index 3,021.69 16.87 -0.56%