What happened overnight - Wednesday 29th May 2024 - Share Talk

What happened overnight – Wednesday 29th May 2024

On Wall Street, the Nasdaq broke the symbolic 17,000 barrier, closing above it for the first time as AI leader Nvidia reached a record high.

The Dow Jones Industrial Average fell 0.55% to 38,852.86, the S&P 500 gained 0.02%, closing at 5,306.04, and the Nasdaq Composite rose 0.59% to 17,019.88.

The yield on benchmark 10-year US Treasury bonds increased to 4.54% from 4.473% late on Friday.

Hong Kong shares declined at the start of Wednesday, driven by concerns about the Federal Reserve’s likelihood of cutting interest rates this year.

The Hang Seng Index dropped 0.86% to 18,659.41, the Shanghai Composite Index dipped 0.05% to 3,108.03, and the Shenzhen Composite Index on China’s second exchange eased 0.12% to 1,726.93.

Tokyo stocks opened flat on Wednesday following a mixed end on Wall Street.

The benchmark Nikkei 225 index edged up 0.03% to 38,867.89 in early trade, while the broader Topix index fell 0.05% to 2,767.17.


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