The S&P 500 lost 0.22% to 5,011.12, while the Nasdaq Composite dropped 0.52% to 15,601.50. The Dow Jones added 22.07 points, or 0.06%, to finish at 37,775.38, still closing just above its flatline for 2024. The S&P 500 and Nasdaq each notched their fifth straight down day. For the S&P 500, it is the first losing streak of that length since late October.
ASX to fall. SPI Futures down 55 points (-0.72%)
- Base metals mostly higher. Copper +1.87%, Nickel +1.87%, Zinc -0.86%, and Lead +1.47%
- Aluminium gained 1.04% after LME inventories slid by 20k tons.
- Tin jumped 4.85% after one party took a large position, fund buying, and supply concerns. Tin is by far the top performer on the LME exchange this year, adding 31%, compared to copper, which is up 13%, as speculators pile into the market.
- Gold advanced 0.74%, as persistent tensions in the Middle East added to the metal's safe-haven appeal.
- Oil prices edged lower, nearing three-week lows on mixed US economic data and sanctions on Venezuela and Iran. WTI -0.10% and Brent Crude -0.51%.
- 10Y Bond Yields – US 4.637%, Australia 4.341%, and Germany 2.472%.
- Currencies - Aussie dollar flat, USD Index +0.20%, Euro +0.02%, and Bitcoin +3.88%.
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