Global markets advanced further into record highs on Tuesday as prices for oil, copper, and other commodities surged following the announcement of comprehensive stimulus measures from China’s central bank.
- S&P 500 Futures: 5,787.25, up 0.18%
- S&P 500: 5,734.46, up 0.3%
- Nasdaq Composite: 18,076.10, up 0.6%
- Dow Jones Industrial Average: 42,221.58, up 0.2%
- FTSE 100: 8,282.76, up 0.28%
- STOXX Europe 600: 519.07, up 0.81%
- Nikkei 225: 37,940.59, up 0.57%
- SSE Composite Index: 2,862.41, up 4.15%
- Bitcoin: $64,377.70, up 1.58%
China: Stimulus Boosts Global Markets
Chinese stocks saw significant gains, with the SSE Composite Index rising by over 4% following the People’s Bank of China’s announcement of new stimulus measures aimed at supporting the slowing economy.
Europe: Riding the Wave from China
European markets also experienced a rally, with the STOXX Europe 600 climbing 0.81% to close at 519.07. The positive sentiment originating from China’s stimulus measures extended into European trading, uplifting major indices.
Japan: Moderate Gains on China News
Japan’s Nikkei 225 posted a gain of 0.57%, closing at 37,940.59, as investors reacted favorably to China’s efforts to stabilize its economy.
S&P 500, Dow, and Futures: New Highs and Continued Optimism
The S&P 500 continued its upward trend, increasing by 0.3% to close at a record high of 5,734.46. The Dow Jones Industrial Average also saw a minor increase, edging up 0.2% to a new high of 42,221.58. Both indices were buoyed by optimism around the Federal Reserve’s recent rate cuts and strong corporate earnings. Tesla’s 4.9% surge on Monday, driven by expectations for its upcoming earnings, contributed significantly to the market’s overall rise.
S&P 500 Futures Still Moving Upward
S&P 500 Futures sustained their positive momentum on Tuesday, rising 0.18% to 5,787.25, further propelled by news from China.