ADDX GO Market Morning Wrap - 19th Mar
Stock Market
The three major U.S. stock indexes closed lower on the 18th. As of the close of the day, the Dow Jones Industrial Average fell 260.32 points from the previous trading day to 41,581.31, a decrease of 0.62%; the Standard & Poor's 500 Index fell 60.45 points to 5,614.66, a decrease of 1.07%; and the Nasdaq Composite Index fell 304.54 points to 17,504.12, a decrease of 1.71%.
In the Indian market, the Sensex index closed at 75,301.26, up 1.53%, and the NIFTY 50 closed at 22,834.30, up 1.45%.
Among other Asian markets, the Nikkei 225 index in Japan closed at 37,845.42, up 2.79%; the Hang Seng Index in Hong Kong closed at 24,740.57, up 2.46%; the KLCI index in Malaysia closed at 1,527.81, up 1.04%; the Straits Times Index in Singapore closed at 3,894.97, up 0.92%; The IDX Composite Index in Indonesia closed at 6,223.39, down 3.84%.
Large - cap technology stocks generally declined. Advanced $SMCI fell more than 9%, $TSLA fell more than 5%, $NVDA and $META fell more than 3%, $AVGO fell 3%, Google fell more than 2%, and Microsoft and Amazon fell more than 1%.
Key Events
- The U.S. military launched another large - scale air strike on Yemen:According to the Houthi armed forces in Yemen, from the night of March 18 to the early morning of today (March 19) local time, the U.S. military launched another large - scale air strike on many places in Yemen, including Saada, Hodeida and Hajjah provinces.
- SpaceX's spacecraft carrying NASA astronauts splashed down in the sea near Florida, USA:At about 18:00 on March 18 local time (about 6:00 on March 19 Beijing time), SpaceX's "Dragon" spacecraft splashed down in the sea near Florida, USA.
- Nvidia: Will cooperate with telecom companies to develop AI - based 6G wireless technology:Nvidia said it will cooperate with telecom companies to develop AI - based 6G wireless technology. Nvidia is working with T - Mobile, MITRE, Cisco, ODC and Booz Allen Hamilton to develop the hardware, software and architecture of AI - native 6G wireless networks.
Forex & Commodities
Key Events
- "New Fed News Agency": Powell is in a difficult situation, facing the double threat of economic chaos and political hostility:On Tuesday local time, Nick Timiraos, a well - known journalist known as the "New Fed News Agency", wrote that with about a year left in Powell's term, his pressure is increasing. He has to deal with an economic recession that may be triggered by a trade war, and the differences with the Trump administration also make his situation extremely embarrassing.
Cryptocurrency
Key Events
- MicroStrategy issues an additional 5 million shares of preferred stock to increase its bitcoin holdings:On March 18 local time, MicroStrategy announced that it will issue 5 million shares of perpetual preferred stock. MicroStrategy said it plans to use the net proceeds from this offering for general corporate purposes, including the acquisition of bitcoin and working capital.
Market Events and Most Anticipated Earnings Releases
