Daily Market Report
Looking at the recent movements in the U.S. stock market, the Dow rose 0.43% closing above the 34,000 psychological barrier for the second consecutive day. In the meantime, the Nasdaq and the S&P500 closed higher by 0.83% and 0.69% respectively reaching fresh 13-month highs.
Both indexes marked their highest closing levels since April 2022. It is also important to note that the S&P500 is up more than 25% from its October lower which brings the index in a clear bull market.
Looking at other economic releases, the latest monthly reading of the UK GDP is expected to have risen from -0.3% up to 0.2%. Finally, later during the day, traders will be looking for employment figures from Australia with the unemployment rate set to remain unchanged at 3.7%.