Market close recap

Europe closed higher ▲ (Up)

• 🇩🇪

  DAX

  ^GDAXI

  26,347

  ▲ 0.31%

  Up
• 🇫🇷

  CAC 40

  ^FCHI

  8,279

  ▲ 0.55%

  Up
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,328

  ▲ 0.59%

  Up

Wall Street closed lower ▼ (Down)

• 🇺🇸

  Nasdaq 100

  ^NDX

  27,741

  ▼ 0.60%

  Down
• 🇺🇸

  S&P 500

  ^GSPC

  7,521

  ▼ 0.38%

  Down
• 🇺🇸

  Dow Jones

  ^DJI

  52,232

  ▼ 0.30%

  Down

1. 1.

   Wall Street closed lower after hot inflation data pushed Treasury yields up. The S&P 500 fell 0.38%, the Nasdaq 100 lost 0.60% and the Dow slipped 0.30%. The US 10-year yield rose 2.45% to 4.98%.

   Source: marketwatch.com

2. 2.

   Rate worries grew as Fed officials reportedly opened the door to a half-point hike because inflation is getting worse. Markets pushed up their bets on higher rates during the session.

   Source: news.google.com

3. 3.

   Europe bucked the US trend. The DAX rose 0.31%, the CAC 40 gained 0.55% and the Euro Stoxx 50 added 0.59%. Brent crude eased 0.55%, while Tokyo's Nikkei 225 had jumped 2.87% earlier.

4. 4.

   CoreWeave beat revenue estimates and raised its guidance, easing fears of an AI spending slowdown. The stock rose in after-hours trading as investors focused on the growing backlog.

   Source: news.google.com

5. 5.

   Congress may soon tighten export rules, which would make it harder for Nvidia to sell chips to China after a scandal involving its chief executive. The chip sector saw wide swings during the session.

   • $NVDA

   Source: marketwatch.com