Issue link: https://maltatoday.uberflip.com/i/1480347
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 13,037.49 -344.03 -2.57 13511.75 13533.78 13032.17 13381.52 EUROPEAN MARKETS FTSE 7,251.31 -246.87 -3.29 7498.18 7498.18 7243.44 7498.18 CAC 6,451.79 -328.88 -4.85 6496.25 6617.09 6433.51 6780.67 DAX 13,854.52 -776.84 -5.31 13989.41 14221.71 13826.70 14631.36 ASIAN MARKETS SGX Nifty 16,141.00 -109.00 -0.67 17052.50 17115.00 15500.50 17063.00 Nikkei 225 25,970.82 -478.79 -1.81 26281.35 26357.58 25775.64 26449.61 Straits Times 3,276.06 -116.94 -3.45 3351.24 3363.17 3248.93 3393.00 Hang Seng 22,901.56 -758.72 -3.21 23268.03 23376.37 22786.39 23660.28 Taiwan Weighted 17,594.55 -461.18 -2.55 17939.53 17939.53 17561.07 18055.73 KOSPI 2,648.80 -70.73 -2.60 2689.28 2694.55 2642.63 2719.53 SET Composite 1,662.72 -33.73 -1.99 1683.92 1690.50 1656.62 1696.45 Jakarta Composite 6,817.82 -102.24 -1.48 6912.48 6929.91 6758.86 6920.06 Shanghai Composite 3,429.96 -59.19 -1.70 3474.37 3486.98 3400.21 3489.15 29.9.2022 7 MARKETS International Markets Global Indices Trading Date: 28 Sep 2022 S&P 500 closes at two-year low, Nasdaq a bright spot US markets endured another tough session on Wednes- day as comments from Federal Reserve policymakers showed the appetite for more interest rate increases had not dimmed, while the rising dollar also raised concerns over corporate earnings. By the close the Dow Jones Industrial Average was down 124 points, or 0.42%, to 29,137, the S&P 500 dipped 7.7 points, or 0.21%, to 3,647 although the Nasdaq Composite bucked the trend rising 27 points, or 0.25%, to 10,830. St. Louis Fed President James Bullard made a case for more rate hikes, while Chicago Fed President Charles Ev- ans said the central bank will need to raise rates by at least another percentage point this year. e S&P 500 recorded its lowest close in two years and is now down about 24% from its record high close on 3 January. Dow swings between gains and losses e two of major US indices have bounced back from five days of losses after the Dow Jones and S&P 500 hit their lowest closing point in two years. At midday, the S&P 500 was flat at 3,653, while the Nas- daq Composite was up by 0.3% at 10,837. e Dow Jones hit a high of 29,659 points, before settling back to 29,216 points at the noon bell. Keith Buchanan, senior portfolio manager at Globalt In- vestments, said analysts are debating whether the market is starting to form a bottom. "Participants from my vantage point are starting to kind of pick around the carnage, if you will, from the past cou- ple weeks and try to identify that point in time when the markets have flushed out or are at max pessimism to get more involved," Buchanan wrote in a report. e major movers included Norwegian, Royal Caribbe- an and Carnival cruise lines, up by 4.8%, 4.5% and 3.9% respectively, on news that Canada will drop COVID-19 travel restrictions in October. American fertilizer manufacturer CF Holdings was up 6.4%, while solar company Enphase Energy rose 4.6% and chip maker Nvidia was up by 2.2%. On the downside, Keurig Dr Pepper fell by 2.1% after Goldman Sachs (NYSE:GS) downgraded the stock to 'Neutral' from a 'Buy' rating, and Estee Lauder dropped by almost 3%, despite yesterday's announcement of a part- nership with BALMAIN focusing on luxury beauty prod- ucts.