U.S. stock markets close higher with record Dow Jones, while Asia and Europe markets retreat

From TradingView: 2024-07-17 07:13:10

U.S. stock markets closed higher on July 16th, with the Dow Jones hitting a record high. U.S. retail sales data suggested the Federal Reserve is controlling inflation without causing a recession.

In economic data, U.S. retail sales remained flat in June, import prices were unchanged, and export prices fell by 0.5%.

The Dow Jones closed up 0.53%, the S&P 500 gained 0.28%, and the Nasdaq rose 0.42%.

Asian markets saw mixed results on Wednesday, with Japan’s Nikkei down, while Australia’s S&P/ASX rose. India markets closed for Moharram.

Eurozone markets were down, with the STOXX 50, Germany’s DAX, France’s CAC, and the UK’s FTSE 100 all trading lower.

Crude Oil WTI and Brent prices fluctuated, while Gold hit a record high. Silver and Copper prices also varied.

US futures were down, with Dow, S&P 500, and Nasdaq 100 all declining.

In forex, the U.S. dollar index fell, USD/JPY decreased, and USD/AUD rose.

The U.S. dollar weakened, while the Japanese yen strengthened, amid expectations of Federal Reserve rate cuts despite mixed economic data.



Read more at TradingView: Gold Hits All Time High While Dollar Weakens; Asia And Europe Markets Retreat