Wall Street ended mixed, with the Dow Jones slightly down and NASDAQ up. Key PMI data indicated strong U.S. business activity. The Dollar Index dipped ahead of U.S. GDP data. USD/JPY fell as the yen rose. EUR/USD and GBP/USD climbed. BoC maintained its rate, shifting focus to potential cuts. Oil prices rose on U.S. stockpile drop and geopolitical tensions. Gold prices fell, while Bitcoin saw a significant drop.
Daily Market Update - Thursday, January 25, 2024
📉 Dow Jones slightly declines, closing at 37,886.62.
📈 NASDAQ rises, reaching 15,517.32; S&P 500 gains to 4,878.52.
📊 U.S. services PMI hits a 7-month high; manufacturing PMI surges.
💵 Dollar Index falls to 103.26, anticipating GDP and PCE data.
🇯🇵 Yen strengthens against USD; EUR/USD and GBP/USD rise.
🏦 BoC holds rate at 5%, eyes future cuts.
🛢️ Oil prices increase on U.S. stockpile drop; geopolitical tensions persist.
💰 Gold prices drop; Bitcoin falls to $39,770.
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