ADDX GO Market Morning Wrap - 8th Mar

Stock Market

The three major US stock indexes closed higher collectively.

As of the close, the Dow Jones Industrial Average rose 222.64 points compared to the previous trading day, closing at 42,801.72 points, with an increase of 0.52%; the S&P 500 Index rose 31.68 points, closing at 5,770.20 points, with an increase of 0.55%; the Nasdaq Composite Index rose 126.96 points, closing at 18,196.22 points, with an increase of 0.7%. This week, the Dow Jones Index fell by 2.37% in total, the Nasdaq Index fell by 3.45% in total, and the S&P 500 Index fell by 3.1% in total.

In the Indian market, the Sensex closed at 74,332.58, showing a slight decrease of 0.01% compared to before; the NIFTY 50 closed at 22,552.50, with a small increase of 0.03%.

In other Asian markets, the Nikkei 225 in Japan closed at 36,887.17, down 2.17%. The Hang Seng Index (HSI) in Hong Kong, China closed at 24,231.30, down 0.57%. The Kuala Lumpur Composite Index (KLCI) in Malaysia closed at 1,547.27, down 0.75%. The Straits Times Index (STI) in Singapore closed at 3,914.48, slightly down 0.07%. The IDX Composite in Indonesia closed at 6,636.00, up 0.27%.

Key Events

【$AAPL 's personalized Siri voice assistant will be postponed to 2026 for release】On local time Friday, the US technology giant Apple confirmed that it will postpone the release of the new generation of artificial intelligence voice assistant Siri, which is expected to be launched sometime "next year".
【$MSFT is developing an internal artificial intelligence inference model and may sell it to developers】Microsoft is developing an internal artificial intelligence inference model to compete with OpenAI and may sell it to developers.
【Since Musk went to Washington, $TSLA 's stock price has been falling every week】In the weeks after Trump won the election, investors injected more than $700 billion into Tesla's stock, betting that Musk's relationship with Trump and his increasingly prominent political status would bring returns to the company.

Forex & Commodities

International oil prices rose. WTI crude oil futures for April closed up $0.68, an increase of 1.02%, at $67.04 per barrel.

Brent crude oil futures for May closed up $0.90, an increase of 1.19%, at $70.36 per barrel. International gold prices fell. COMEX gold futures fell by $12.5, a decrease of 0.43%, at $2,914.10 per ounce.

At the close in New York, the US dollar index fell 0.3% to 103.8945, down 3.41% for the week. Non-US currencies rose and fell mixed. The euro rose 0.45% against the US dollar to 1.0834, up 4.42% for the week; the British pound rose 0.3% against the US dollar to 1.2921, up 2.72% for the week.

Key Events

【Powell: Not in a hurry to cut interest rates until the impact of Trump's policies is further clarified】On Friday, Eastern US time, Federal Reserve Chairman Jerome Powell said that a series of policies of the Trump administration have increased the uncertainty of the economic outlook, but there is no rush to adjust monetary policy for now.

Cryptocurrency

As of the time of writing, the latest price of ETH (Ethereum) has dropped to $2,121.61, with a decrease of 1.00%, and the trading volume is $22.323 billion.#ethereum

As of the time of writing, the latest price of SOL (Solana) has dropped to $138.68, with a decrease of 2.03%, and the trading volume is $5.977 billion.

Key Events

US President Trump said that he hopes to pass stablecoin legislation before the recess in August.