🗞️ Market Recap (Tue 29 Sep) | Cautious sentiment amid limited economic cues

📊 Market Snapshot — Tue 29 Sep

🇺🇸 Daily Market Recap — U.S. Markets

On Tuesday, Wall Street experienced a modest decline as US benchmark indices closed in negative territory. The Dow Jones Industrial Average fell by 0.26%, while the S&P 500 and Nasdaq Composite also edged lower by 0.17% and 0.09%, respectively. The broader market’s subdued performance came amid a lack of major economic catalysts from the US, with investors seemingly cautious in the absence of fresh domestic economic data or corporate earnings reports to guide sentiment.

Despite the overall market downturn, some individual stocks saw significant movement. Notably, Iovance Biotherapeutics (IOVA) surged by 31.48%, emerging as a standout gainer. In contrast, Fair Isaac Corporation (FICO) experienced a sharp decline, plummeting by 26.52%, marking it as one of the day’s notable losers. The mixed performance among stocks suggests a selective risk appetite among investors, as they navigated a day with limited macroeconomic developments.

Looking ahead, market participants may turn their attention to upcoming international economic events, such as the European Central Bank’s President Christine Lagarde’s speech, which could offer insights into global monetary policy trends. As the week progresses, any new developments from these events could influence investor sentiment and potentially impact market direction.

🏆 Wall Street Movers

Top two gainers in the last trading session include Iovance Biotherapeutics, Inc. (IOVA), surged 31.48% to while Carnival Corporation Ltd. (CCL), surged 13.41% to .

Losers include Fair Isaac Corporation (FICO), erasing 26.52% to and GeneDx Holdings Corp. (WGS), erasing 11.80% to .

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

🌏 Asia & Europe

Asian markets broadly experienced mixed results on Tuesday. The Nikkei 225 index in Japan declined by 0.60% to close at 65,481.27, reflecting a cautious sentiment among investors. In contrast, the Hang Seng Index in Hong Kong saw a marginal increase of 0.03%, ending the session at 24,517.71. Meanwhile, the Jakarta Composite Index in Indonesia faced a more pronounced downturn, dropping 1.71% to 6,134.998. The Reserve Bank of Australia’s monetary policy decision, which maintained the cash rate target at 4.35%, was a focal point during the Asia-Pacific session, although its impact on broader market movements was not immediately evident.

Major European exchanges exhibited a generally positive trend, with several indices closing higher. The Euro Stoxx 50 rose by 0.61% to 6,339.76, while the CAC 40 in France edged up by 0.12% to 8,088.1. Notable movers included the TecDAX, which gained 0.70% to reach 3,997.09, and the SDAX, which increased by 0.51% to 18,341.54. The DAX in Germany also saw a modest rise of 0.18%, closing at 25,419.7. The European Central Bank’s President Christine Lagarde’s speech was a key event for the region, though specific market reactions to her remarks were not detailed in the session’s outcomes.

💵 Forex Markets

🌐 Other Markets

🪙 Gold is up by 0.85% (35.70 USD an ounce) to 4,215.40 USD an ounce as on Tue. Previous day close was 4,179.70.

🪨 Silver is up by 1.09% (0.67 USD an ounce) to 61.82 USD an ounce as on Tue. Previous day close was 61.15.

🛢️ Crude Oil is down by 0.48% (0.43 USD per barrel) to 88.95 USD per barrel as on Tue. Previous day close was 89.38.

₿ Bitcoin is up by 0.10% (87.04 USD) to 83,575.04 USD as on Tue. Previous day close was 83,488.00.