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Stock impact report

Stock Market News for Mar 18, 2024 [Yahoo! Finance]

GigaCloud Technology Inc (GCT) 
Company Research Source: Yahoo! Finance
Market participants were assessing strong earnings results. All three major stock indexes ended in negative territory. However, last week was a negative one for the U.S. stock markets. How Did The Benchmarks Perform? The Dow Jones Industrial Average (DJI) was down 0.5%, or 190.89 points, to close at 38,714.77. Notably, 23 components of the 30-stock index ended in negative territory, while seven were in green. The tech-heavy Nasdaq slid 1% or 155.36 points to finish at 15,973.17. The S&P 500 fell 0.7% to end at 5,117.09. All 11 broad sectors of the benchmark ended in negative territory. The Energy Select Sector SPDR (XLE), the Utilities Select Sector SPDR (XLU) and the Consumer Staples Select Sector SPDR (XLP) declined 0.8%, 0.8% and 0.7%, respectively. The fear-gauge CBOE Volatility Index (VIX) increased 0.1% to 14.41. A total of 18.76 billion shares were traded on Friday, higher than the last 20-session average of 12.4 billion. Advancers outnumbered decliners on the NYSE by Show less Read more
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