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ADDX GO Market Morning Wrap - 26th Mar

Go Wire
Go Wire
March 26, 2025
GoGPT Summarizes Articles

Stock Market

The three major US stock indexes closed slightly higher. As of the close of the day, the Dow Jones Industrial Average rose 4.18 points from the previous trading day to close at 42,587.50, an increase of 0.01%; the Standard & Poor's 500 Stock Index rose 9.08 points to close at 5,776.65, an increase of 0.16%; the NASDAQ Composite Index rose 83.27 points to close at 18,271.86, an increase of 0.46%.
 
The SENSEX index of the Bombay Stock Exchange closed at 78,017.19, up 0.04%; the NIFTY 50 index of the National Stock Exchange of India closed at 23,668.65, up 0.04%.
 
The Nikkei 225 index closed at 37,780.54, down 0.17%; the Hang Seng Index (HSI) closed at 23,344.25, down 2.35%; the Kuala Lumpur Composite Index (KLCI) closed at 1,513.60, up 0.65%; the Straits Times Index (STI) closed at 3,954.530, up 0.46%; the IDX Composite Index closed at 6,235.62, up 1.21%.

Key Events

  • The US, Russia and Ukraine Reach a Consensus on a Cease - fire in the Black Sea, with the Key Hidden in the Details of the Statements:The United States, Russia and Ukraine all disclosed the results of the talks in Riyadh, Saudi Arabia on Tuesday. All parties mentioned that they agreed to implement a conditional cease - fire in the Black Sea and would establish a mechanism to prohibit attacks on the energy facilities of Russia and Ukraine.
  • Google Executive Predicts: Quantum Computing Will Rewrite the Future in 5 Years:Julian Kelly, the Quantum Hardware Director of Google's Quantum AI division "Quantum AI", said in an interview with the media that quantum computers may play a role in cutting - edge physics research in the future and even generate new types of data. He said that in about five years, quantum computers will achieve a real breakthrough in practical applications.
  • "Cathie Wood" believes that the share price of Tesla will reach nearly 10 times its current level and is more optimistic about China:Cathie Wood's Ark Investment Management LLC is still bullish on Tesla and expects the stock to reach $2,600 within five years, which is nearly 10 times the current level.

Forex & Commodities

New York oil prices fell on the 25th. As of the close of the day, the price of light crude oil futures on the New York Mercantile Exchange fell 11 cents to close at $69.00 per barrel, a decrease of 0.16%;
 
London oil prices rose on the 25th. The price of Brent crude oil futures in London rose 2 cents to close at $72.39 per barrel, an increase of 0.03%.
 
COMEX gold futures rose $10.30, an increase of 0.34%, to $3,025.90 per ounce.
 
At the end of trading in New York, the US dollar index fell 0.08% to 104.22, and most non - US currencies rose.

Key Events

  • US copper prices hit a record high under the tariff storm, and institutions expect that the era of copper shortage may have begun: During the New York trading session on Tuesday (March 25th), the price of US copper futures continued to rise, breaking the previous historical high recorded in May last year. Media analysis said that the main reason for the surge in copper prices is that the Trump administration may impose high tariffs on imported copper. Freight insiders revealed last week that US ports would be flooded with a large influx of imported copper as traders rushed to transport goods before the tariffs came into effect.

Cryptocurrency

In the late afternoon on Tuesday, major digital assets showed mixed performance. Bitcoin (BTC - USD) was trading at around $88,000.
 
Ethereum (ETH - USD) fell 0.4% to $2,079.
 
XRP (XRP - USD) was down (the data here seems incomplete), BNB (BNB - USD) fell 0.8%, and Solana (SOL - USD) surged 2%.
 
Dogecoin (DOGE - USD) rose 2.7%, while Cardano (ADA - USD) rose 1.8%.

Key Events

  • GameStop announces investment in Bitcoin, emulating MicroStrategy:GameStop, the US video game retailer, announced on Tuesday that its board of directors unanimously approved a plan to use the company's cash to buy Bitcoin, following in the footsteps of MicroStrategy (now renamed Strategy).After the news was announced, the company's share price rose by more than 7% in after - hours trading on Tuesday. The statement confirmed media reports in February that GameStop intended to add Bitcoin and other cryptocurrencies to its balance sheet.

Market Events and Most Anticipated Earnings Releases

#Market Morning Wrap