Mostly positive trends were recorded across global stock markets on October 15. All major indices rose in the United States, while mixed results were observed in Europe and the Asia-Pacific region, APA-Economics reports.
In the United States, the Dow Jones index rose by 556.21 points, or 1.08%, to 52,177.69 points. The S&P 500 index increased by 25.12 points, or 0.33%, to 7,744.06 points, while the Nasdaq Composite index gained 20.16 points, or 0.08%, reaching 26,713.03 points.
The NYSE Composite index rose by 0.84% to 24,066.65 points, while Canada's S&P/TSX Composite index increased by 1.55% to 36,137.10 points.
Mixed trends were observed in European stock markets. The Euro Stoxx 50 index declined by 0.36% to 6,168.26 points. The UK's FTSE 100 index rose by 1.08% to 10,840.35 points, Germany's DAX index increased by 0.33% to 25,382.62 points, and France's CAC 40 index gained 0.78% to 7,934.70 points. Spain's IBEX 35 index fell by 0.28% to 19,177.70 points.
Most major indices also rose in the Asia-Pacific region. Japan's Nikkei 225 index increased by 1,152.40 points, or 1.79%, to 65,578.35 points, while the TOPIX index gained 71.16 points, or 1.78%, reaching 4,070.50 points.
Hong Kong's Hang Seng index rose by 1.21% to 24,353.69 points, China's CSI 300 index increased by 0.75% to 4,197.46 points, and Australia's S&P/ASX 200 index gained 1.12% to 8,817.10 points. However, the broader MSCI AC Asia Pacific index declined by 2.92% to 261.15 points.
The main factors behind the mixed market performance were declining bond yields in the United States and concerns about the profitability of investments in the artificial intelligence sector.
In the United States, the decline in the yield on 10-year Treasury bonds to approximately 5.09% supported equities. Positive quarterly financial results from companies and increased buying activity in the healthcare, financial, and consumer sectors helped the Dow Jones index gain more than 1%. However, sell-offs in shares of artificial intelligence and semiconductor companies limited gains in the Nasdaq Composite index.
In Europe, strong corporate financial results, particularly gains in the healthcare sector, supported British, German, and French indices. Meanwhile, declines in technology stocks put pressure on the broader European index.
In Asia, high investment costs for artificial intelligence infrastructure, rising inflation in the United States, and the possibility of the Federal Reserve raising interest rates increased investor caution.