📊 Market Snapshot — 19–23 Apr

🇺🇸 Weekly Market Recap — U.S. Markets

This week on Wall Street, US benchmark indices exhibited mixed performance as investors navigated a landscape of economic data and corporate earnings. The Nasdaq led the charge with a notable gain of 1.63%, buoyed by strong performances in the technology sector, while the S&P 500 also advanced by 0.80%. In contrast, the Dow Jones Industrial Average edged down by 0.16%, reflecting a more cautious sentiment among blue-chip stocks. The broader market’s upward momentum was partially supported by a positive retail sales report, which indicated a 0.6% increase for the month, suggesting resilient consumer spending despite broader economic uncertainties.

Among individual stocks, United Rentals (URI) emerged as a standout performer, surging 22.92% amid robust demand in the equipment rental market. Conversely, Avis Budget Group (CAR) faced significant headwinds, plummeting 48.38% as investors reacted to disappointing earnings and guidance. The volatility in specific equities was mirrored by a decline in the VIX, which fell by 2.23% to 18.88, indicating a slight easing in market anxiety. Meanwhile, the 10-year Treasury yield dipped by 0.30% to 4.31%, reflecting a cautious approach to fixed-income investments as market participants assessed the implications of upcoming Federal Reserve testimony.

Looking ahead, market participants will turn their attention to the testimony of Fed Chair-designate Warsh, which is expected to provide insights into the future direction of US monetary policy. This event could prove pivotal in shaping investor sentiment and influencing market dynamics in the coming weeks. As traders in Southeast Asia and beyond monitor these developments, the interplay between economic indicators and central bank communications will likely remain a key focus.

🏆 Wall Street Movers

Top two gainers in the last trading session include United Rentals, Inc. (URI), surged 22.92% to while Texas Instruments Incorporated (TXN), surged 19.43% to .

Losers include Avis Budget Group, Inc. (CAR), erasing 48.38% to and Medpace Holdings, Inc. (MEDP), erasing 22.63% to .

Elsewhere, most active counters were NOK, QS, INTC.

🌏 Asia & Europe

Asian markets broadly experienced mixed performances over the past week. The Nikkei 225 rose by 0.97% to close at 59,716.18, reflecting a positive sentiment in the Japanese market. In contrast, the Jakarta Composite Index saw a significant decline of 3.06%, ending the week at 7,152.853. The Hang Seng Index in Hong Kong managed a modest gain of 0.16%, closing at 25,957.42. The lack of major regional economic events in Asia suggests that these movements were driven by local market dynamics rather than broader macroeconomic catalysts.

On major European exchanges, the week concluded with a mixed bag of performances. The DAX index in Germany edged up slightly by 0.07% to 24,171.44, while the TecDAX showed a more robust increase of 0.77%, closing at 3,676.03. Conversely, the FTSE 100 in the UK fell by 0.75% to 10,379.08, and the CAC 40 in France declined by 0.69% to 8,170.44. The release of the HCOB Eurozone Composite PMI, which came in at 50.7, alongside the Eurozone Manufacturing PMI at 51.6, provided a mixed outlook for the region’s economic activity, possibly influencing investor sentiment across these markets.

💵 Forex Markets

🌐 Other Markets

🪙 Gold is up by 0.03% (1.40 USD an ounce) to 4,725.40 USD an ounce as on Fri. Previous day close was 4,724.00.

🪨 Silver is up by 0.24% (0.18 USD an ounce) to 75.69 USD an ounce as on Fri. Previous day close was 75.50.

🛢️ Crude Oil is down by 1.01% (0.97 USD per barrel) to 94.88 USD per barrel as on Fri. Previous day close was 95.85.

₿ Bitcoin is down by 0.85% (668.71 USD) to 77,609.95 USD as on Fri. Previous day close was 78,278.66.