📊 Market Snapshot — Tue 21 Apr

🇺🇸 Daily Market Recap — U.S. Markets

On Tuesday, Wall Street experienced a modest decline as US benchmark indices closed in the red, with the S&P 500 falling by 0.63% and the Dow Jones Industrial Average slipping by 0.59%. The Nasdaq Composite also saw a decrease of 0.59%, reflecting a cautious sentiment among investors. Despite the release of positive retail trade data, which showed a monthly increase of 0.6%, the broader market struggled to find upward momentum. The retail trade control group also posted a 0.5% rise, but these figures were not enough to counteract the prevailing bearish trend.

Among individual stocks, Avis Budget Group (CAR) emerged as a notable gainer, surging by 17.27% amidst the broader market downturn. In contrast, XNDU was a significant laggard, plummeting by 17.12%. The mixed performance across sectors suggests that investors are selectively positioning themselves, possibly in anticipation of upcoming economic developments. Meanwhile, the 10-year Treasury yield edged higher by 0.99% to 4.292, indicating a slight shift in risk appetite as market participants weigh the implications of future monetary policy directions.

Looking ahead, the market’s focus is likely to turn towards the testimony of Fed Chair-designate Warsh, scheduled for later in the day. His remarks could provide critical insights into the Federal Reserve’s policy trajectory, influencing investor sentiment and market dynamics in the coming sessions. As traders in Southeast Asia monitor these developments, the potential for volatility remains, underscoring the importance of staying attuned to both domestic and international economic indicators.

🏆 Wall Street Movers

Top two gainers in the last trading session include Avis Budget Group, Inc. (CAR), surged 17.27% to while Navitas Semiconductor Corporati (NVTS), surged 16.14% to .

Losers include Xanadu Quantum Technologies Lim (XNDU), erasing 17.12% to and VSE Corporation (VSEC), erasing 13.66% to .

Elsewhere, most active counters were NVDA, INTC, NVTS.

🌏 Asia & Europe

During the Asia-Pacific session on Tuesday, the Nikkei 225 advanced by 0.89% to close at 59,349.17, reflecting a positive sentiment in the Japanese market. The Hang Seng Index also saw gains, rising by 0.42% to 26,470.8. However, the Jakarta Composite Index experienced a decline, falling by 0.59% to 7,549.407. The mixed performance across Asian markets came amidst a backdrop of limited regional economic data, with no significant catalysts explicitly influencing the broader market movements.

In Europe, major exchanges presented a mixed picture as well. The FTSE 100 in the United Kingdom fell by 1.05% to 10,498.09, while the CAC 40 in France remained virtually unchanged, closing at 8,330.69. Meanwhile, Germany’s DAX index rose by 0.63% to 24,570.55, and the MDAX gained 0.77% to reach 31,747.75. The Euro Stoxx 50 also edged up by 0.27% to 5,998.84. The European market movements occurred against the backdrop of UK labor market data, which showed an increase in the claimant count and a slight rise in the unemployment rate, though these figures did not appear to significantly sway market sentiment on the day.

💵 Forex Markets

🌐 Other Markets

🪙 Gold is up by 0.51% (24.20 USD an ounce) to 4,743.80 USD an ounce as on Tue. Previous day close was 4,719.60.

🪨 Silver is up by 0.48% (0.37 USD an ounce) to 76.86 USD an ounce as on Tue. Previous day close was 76.49.

🛢️ Crude Oil is up by 0.55% (0.49 USD per barrel) to 90.16 USD per barrel as on Tue. Previous day close was 89.67.

₿ Bitcoin is down by 0.39% (292.07 USD) to 75,562.73 USD as on Tue. Previous day close was 75,854.80.