Benzinga
Published Mar 13, 2024 11:22
Updated Mar 13, 2024 12:40
Asia Markets Down, Europe Rises While Crude Advances - Global Markets Today While Us Was Slept
Benzinga - by Akanksha Bakshi, Benzinga Editor.
On Tuesday, March 12th, U.S. markets closed higher, with the S&P 500 closing at a record high, boosted by Oracle’s rally and consumer price data that kept hopes alive for upcoming interest rate cuts.
According to economic data, in February 2024, inflation rose to 3.2% year-over-year, exceeding both the prior and anticipated rates of 3.1%. The core CPI grew by 0.4% monthly, matching January’s increase and surpassing the expected 0.3%.
Oracle (NYSE:ORCL) shares soared to a record high after reporting strong quarterly results and announcing an upcoming collaboration with AI chip leader Nvidia (NASDAQ:NVDA).
S&P 500 sectors mostly ended higher, led by IT, consumer discretionary, and communication services stocks, while utilities and real estate lagged, closing lower.
The Dow Jones Industrial Average gained 0.61% to close at 39,005.49. The S&P 500 rose 1.12%, ending the day at 5,175.27, and the Nasdaq Composite climbed 1.54%, finishing the session at 16,265.64.
Asian Markets Today
Dow futures were up 0.06%, S&P 500 futures ticker higher by 0.06%, and Nasdaq 100 Futures gained 0.02%.
Forex at 06:45 AM ET
The U.S. dollar index gained 0.02% to 102.98, the USD/JPY rose 0.19% to 147.97, and the USD/AUD climbed 0.05% to 1.5143.
Photo by Markus Spiske on Pexels
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read the original article on Benzinga
Written By: Benzinga
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.