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On Thursday, March 21st, U.S. stock markets closed higher for a second day, buoyed by the Federal Reserve’s hints at upcoming rate cuts and a surge in chip stocks following Micron Technology’s positive forecast.
In economic data, U.S. jobless claims fell to 210,000, beating estimates of 215,000. The current account deficit narrowed to $194.8 billion, less than the expected $209 billion. Service PMI dipped to 51.7, and manufacturing PMI rose to a 21-month high of 52.5.
Nine of the S&P 500’s eleven sectors saw gains, led by industrials. Utilities and communications sectors lagged behind.
The Dow Jones Industrial Average gained 0.68% to close at 39,781.37. The S&P 500 was up 0.32%, ending the day at 5,241.53, and the Nasdaq Composite rose 0.20%, finishing the session at 16,401.84.
Asia Markets Today
Eurozone at 06:15 AM ET
Commodities at 06:15 AM ET
US Futures at 06:15 AM ET
Dow futures were up 0.08%, S&P 500 futures climbed 0.11%, and Nasdaq 100 Futures rose 0.13%.
Forex at 06:15 AM ET
The U.S. Dollar Index gained 0.96% to 104.41, USD/JPY was down 0.01% to 151.60, and USD/AUD rose 0.87% to 1.5353.
Photo by Pavel Bobrovskiy via Shutterstock
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