ADVANCED SHARE REGISTRY The Dow Jones Industrial Average fell Wednesday as investors cashed in some profits following the market's recent hot streak. Shares of FedEx, seen as a barometer for the economy, cratered following poor results.
The S&P 500 has risen more than 4% this month and more than 24% year to date, while the Dow has added more than 4% and 13%, respectively. The Nasdaq is up by more than 5% for December and 43% for 2023, putting it on pace for its best year since 2020.
FedEx was the biggest laggard in the broader index, losing more than 10%. The package delivery giant issued a disappointing revenue outlook for the fiscal year, and reported fiscal second-quarter results that fell short of expectations on the top and bottom lines. The Dow Jones Transportation Average slid 0.5%.
The December consumer confidence survey that came in stronger than expected helped buoy investor sentiment. The index, a measure of what Americans think of current and future economic conditions, rose to 110.7 in December, above the 104.5 expected by economists polled by Dow Jones. Bitcoin miners continue to surge with the Valkyrie Bitcoin Miners ETF (WGMI) jumping 9% on Wednesday as it caps a blockbuster year with strong momentum.
European markets closed higher. London's FTSE gained 1.02 per cent, Frankfurt lost 0.07 per cent, and Paris closed 0.12 per cent higher. Turning to Asian markets, Tokyo's Nikkei gained 1.37 per cent, Hong Kong's Hang Seng added 0.66 per cent while China's Shanghai Composite closed 1.03 per cent lower.
| Dow Jones | 37,082.00 | -475.92 | -1.27% |
|---|---|---|---|
| US S&P 500 | 4,698.35 | -70.02 | -1.47% |
| US Nasdaq | 14,777.94 | -225.28 | -1.5% |
| UK FTSE 100 | 7,715.68 | 0.00 | 0.00% |
RECENT INDIAN OCEAN SECURITIES TRANSACTIONS
| Balkan Mining Minerals Limited (ASX:BMM) | Mining Exploration Sector | IPO at $0.20 | Price Change from IPO Investment: + $0.175 / 85.50% |
|---|---|---|---|
| Smart Auto Australia Limited (NSX:SAL) | Electric Commercial Vehicles Sector | IPO at $0.10 | Price Change from IPO Investment: + $0.10 / 100% |
| Azure Health Technology Limited (NSX:VTL) | Health Technology | IPO at $0.20 | Price Change from latest Investment entry: - 0.05 / 25% |
| Albion Resources Limited (ASX:ALB) | Diversified Metals & Mining | IPO at $0.20 | Price Change from latest Investment entry: - $0.015 / 7.5% |
| Sprintex Limited (ASX:SIX) | Auto Parts & Equipment | IPO at $0.086 | Price Change from latest Investment entry: - $0.013 / 15.12% |
| Jadar Resources Limited (ASX:JDR) | Diversified Metals & Mining | Private Placement at $0.03 | Price Change from latest Investment entry : - $0.007 / 23.33% |
| Krakatoa Resources Limited (ASX:KTA/KTAOC) | Gold Sector | Private Placement at $0.06 | Price Change from latest Investment entry : - $0.008 / 13.33% |
| PYX Resources Limited (NSX:PYX) | Diversified Metals & Mining | IPO at $0.40 | Price Change from latest Investment entry: + $0.76 / 190% |
| Cokal Limited (ASX:CKA) | Steel Sector | Funding at $0.04 | Price Change from latest Investment entry: + $0.036 / 90% |
| Cyclone Metals Limited (ASX:CLE) | Steel Sector | Placement: at $0.0017 | Price Change from latest Investment entry: + $0.0073 / 429.41% |
| Food Revolution Limited (ASX:FOD) | Packaged Foods & Meat | Placement at $0.035 | Price Change from latest Investment entry : - $0.0007 / 20% |
| Synertec Corporation Limited (ASX:SOP) | Technology Sector | Placement at $0.023 | Price Change from latest Investment entry: + $0.077 / 334.78% |
| Douugh Limited (ASX:DOU) | Wireless Telecommunications Services | Placement at $0.020 | Price Change from latest Investment entry: + $0.074 / 370% |
Disclaimer:
The information provided was based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither Advanced Share registry (ABN 14 127 175 946) nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The report has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial situation and needs and, if necessary, seek appropriate professional advice. This report does not purport to be a complete statement or summary.
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Advanced Share Registry Limited published this content on 21 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2023 03:51:38 UTC.
