US markets inch up, trade near record highs, S&P 500 up 0.2%; GIFT Nifty flat
US markets inch up, trade near record highs, S&P 500 up 0.2%; GIFT Nifty flat
The US markets edged higher on June 17, continuing the previous week’s rally on the back of the strong performance of tech stocks and cooling inflation.
At 9:15pm IST, the S&P 500 hovered close to its 52-week high, up 0.19 percent at 5442. The Nasdaq Composite moved 0.18 percent higher to 17,720 and the Dow Jones Industrial Average also traded flat-to-positive at 38,599.
Top gainers in the market included Apple, Walt Disney and P&G which surged between 1.5 to 4 percent higher while Salesforce.com, UnitedHealth and Merck & Co fell nearly 1.5 to 3.5 percent.
The GIFT Nifty also traded flat-to-positive, while the Indian markets remained shut on Monday, on account of Bakri Id.
The European markets traded mixed, owing to the pressure of Emmanuel Macron’s snap election in France. CAC surged nearly one percent to 7,571.57 even though the index lost its title as the biggest equity market in Europe to the United Kingdom. The FTSE ended flat-to-negative at 8,142.15 while the DAX edged 0.40 percent higher to 18,073.74.
Earlier during the day, the Asian markets declined with the Nikkei down 1.83 percent at 38,102.44. The Hang Seng also ended flat-to-negative at 17,936.12.
Crude broke away from the previous day’s losses and traded nearly a percent higher at $79.18. Brent also edged 0.70 percent higher to $83.20.