World markets today: US stocks surge on robust jobs data; Krispy Kreme, Shockwave Medical among top gainers on NYSE
Stock market today: Sensex, Nifty 50 end flat after RBI policy decision; geopolitical tensions, crude oil prices weigh Ten out of the 11 primary S&P 500 sectors saw gains, with communication services leading the charge, up by 1.6 per cent. Krispy Kreme rose by 4.7 per cent following an upgrade by Piper Sandler, shifting its rating from "neutral" to "overweight". Shockwave Medical also saw an uptick of 1.8% after Johnson & Johnson's announcement of its acquisition for $12.5 billion.
On the NYSE, advancing issues surpassed decliners with a ratio of 1.35-to-1, while on the Nasdaq, the ratio stood at 1.12-to-1. The S&P index marked 13 new 52-week highs and five new lows, whereas the Nasdaq noted 44 new highs and 102 new lows. On Friday, Europe's primary stock index plunged to its lowest level in over two weeks.
The STOXX 600, representing the entire continent, declined by 0.9 per cent, marking its most significant single-day decrease since early February. Throughout the week, the index experienced a notable 1.2 per cent decline, marking its most substantial weekly downturn since mid-January. Benchmark indexes in key European economies, including Germany, France, Italy, and Spain, each saw declines of over 1 per cent.
In Asian stock markets, Japan’s Nikkei 225 fell 1.96 per cent at 38,992.08. Meanwhile, Hong Kong’s Hang Seng Index was down 0.1 per cent to 16,723.92. Oil prices continued their upward trajectory on Friday, poised for a second consecutive weekly increase, propelled by escalating geopolitical tensions and persistent tightness in global crude inventories.
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